Turn-Key Convenience
For Sale
$325,000
44014 Austen Street, Penitas, TX 78576
Turn-key ready convenience store offered for sale on the northeast corner of Jarachinas Rd and Austen St.
Property Size1,600 SF
Price / SF$203.13
Days on Market459
Property Features for 44014 Austen Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,557
Amenities
Central Air
3
18 Parking Spaces. Paved Driveway.
City Road, Paved Road.
Building Details
Year Built
2016
Listing Agency:
Sendero Realty Tx Llc
(956) 458-5839
Listed By:
Fernando Reyes
(956) 458-5839
Source:
Xome
Added: May 8, 2025
Changed: Aug 8
Last Checked: Aug 9 at 5:28AM
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 Sendero Realty Tx Llc
Investment Insights
Based on property information with market context.
This turn-key ready convenience store is being offered for sale as a commercial investment opportunity. The property is positioned for straightforward convenience retail operations and is described as ready for use.
The store is located on the NE corner of Jarachinas Rd and Austen St in Penitas, Texas, providing a corner setting for street-level visibility.
Offered with owner financing available, this can be a practical option for buyers seeking a convenience retail asset in Penitas.
The store is located on the NE corner of Jarachinas Rd and Austen St in Penitas, Texas, providing a corner setting for street-level visibility.
Offered with owner financing available, this can be a practical option for buyers seeking a convenience retail asset in Penitas.
Key Highlights
- Turn‑key ready convenience store for sale on the northeast corner of Jarachinas Rd and Austen St
- Built in 2016
- 18 paved parking spaces and paved driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,220
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,400
$464.4K
Cap Rate 7%
$331,714
$331.7K
Cap Rate 9%
$258,000
$258.0K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$32.8K $20.52/SF
− Vacancy
−$1.9K −$1.17/SF
EGI
$31.0K $19.35/SF
− OpEx
−$7.7K −$4.84/SF
NOI
$23.2K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,400
Cap Rate 7%
$331,714
Cap Rate 9%
$258,000
Alternative Uses
Best Use
Specialty Retail
$331.7K
$290.3K – $387.0K
NOI $23,220 @ 7.0% cap · market cap 7.14%
Second Best
Retail
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 6.65%
Theoretical Best
Hotel Hospitality
$1.21M
$1.05M – $1.41M
NOI $84,360 @ 7.0% cap · market cap 25.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78576, TX
13,901
Population
3,362
Households
4.1
Avg Household Size
25
Median Age
6%
College-Educated
53%
High-School Grad
58.2 sq mi
ZIP Area
239
Density / Sq Mi
$48,205
Median Household Income
$21,962
Median Earnings
$629
Median Rent
$116,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turn-key ready convenience store offered for sale on the northeast corner of Jarachinas Rd and Austen St.
Where is this grocery and convenience store located?
The property is located at 44014 Austen Street Penitas, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Turn‑key ready convenience store for sale on the northeast corner of Jarachinas Rd and Austen St; Built in 2016; 18 paved parking spaces and paved driveway
