Multi-Unit Retail Strip
801 ZILLOCK RD. Unit 1-8 San Benito, TX 78586
801 ZILLOCK RD. Unit 1-8, San Benito, TX, 78586
$1,395,000
For Sale
$1,395,000
A retail strip center featuring eight units with a shared parking lot on one acre.
Property Size5,940 SF
Lot Size1.00 Acre
Price / SF$234.85
Days on Market636
Property Features for 801 ZILLOCK RD. Unit 1-8
General Information
- Standard status
- Active
- Size
- 5,940 SF
- Lot size
- 1.00 Acre
- Property subtype
- General Commercial
Building Details
- Year Built
- 2016
Listing agency
Sapphire Prime Realty
(956) 266-4919
Listed by
Liz Givens
(956) 266-4919
Source
Xome
Added: Oct 25, 2024 Updated: Jul 22 at 8:32AM Checked: Jul 22 at 8:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sapphire Prime Realty
Investment Insights
Based on property information with market context.
This commercial retail property is a multi-unit strip center with a total of eight units. According to the public remarks, five of the units are currently rented and occupied by long-term tenants.
The property includes a parking lot and plaza situated on approximately one acre, supporting customer access for the on-site retail units.
The center is well-suited for investors seeking a multi-tenant retail asset, with existing in-place rental occupancy as described in the remarks.
The property includes a parking lot and plaza situated on approximately one acre, supporting customer access for the on-site retail units.
The center is well-suited for investors seeking a multi-tenant retail asset, with existing in-place rental occupancy as described in the remarks.
Key Highlights
- Retail strip center with 8 total units and a shared parking lot
- 5 units are presently rented with long‑time tenants
- Parking lot and plaza sit on 1 acre
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $14.40 |
| − Vacancy | −$4.8k | −$0.81 |
| EGI | $80.7k | $13.59 |
| − OpEx | −$24.2k | −$4.08 |
| NOI | $56.5k | $9.52 |
5,940 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$807.5K
$706.5K – $942.0K
NOI $56,522 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.02M
$894.9K – $1.19M
NOI $71,594 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - A retail strip center featuring eight units with a shared parking lot on one acre.
Where is this strip mall located?
The property is located at 801 ZILLOCK RD. Unit 1-8 San Benito, TX.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Retail strip center with 8 total units and a shared parking lot; 5 units are presently rented with long‑time tenants; Parking lot and plaza sit on 1 acre
