Ingleside Commercial Building with
For Sale
$835,000
1490 Sunray Rd, Ingleside, TX 78362
Office and warehouse space in Ingleside industrial district.
Property Size5,760 SF
Lot Size0.57 Acres
Price / SF$144.97
Days on Market208
Property Features for 1490 Sunray Rd
General Information
Standard status
Active
Size
5,760 SF
Lot size
0.57 Acres
Listing Agency:
Tompkins Young Real Estate
(361) 633-9441
Listed By:
Diana Caldarella · License #0501952
(361) 633-9441
Source:
Exprealty
Added: Jan 26
Changed: Aug 22
Last Checked: Aug 22 at 12:32PM
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 Tompkins Young Real Estate
Investment Insights
Based on property information with market context.
Located on Sunray Road in the Ingleside industrial district, this commercial building features both office and warehouse space. The total building area is 5,760 square feet. The office component encompasses 2,340 square feet and includes a reception area, three offices, a conference room with built-in cabinets, a storage room, a file cabinet storage area, finished concrete floors, and two restrooms. The warehouse portion provides 3,420 square feet of space, featuring a 10-foot overhead door, an exterior exit door, overhead lighting, a utility room, and metal interior siding within a steel frame. The entire building is foam insulated and equipped with two new HVAC units: a 5-ton unit serving the warehouse and a 3-ton unit for the office space. Situated on a 0.570-acre lot (24,829 square feet), the property offers easy access to Hwy. 361 and is well-suited for various industrial and business services. The building is in excellent condition and is surrounded by petrochemical investments.
Key Highlights
- Ideal location in Ingleside industrial district with easy access to Hwy. 361.
- Combination of office (2,340 sqft) and warehouse (3,420 sqft) space totaling 5,760 sqft.
- Excellent condition with recent upgrades including two new HVAC units (5‑ton for warehouse, 3‑ton for office).
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
$74,519
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
8.92%
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%
$1,490,380
$1.5M
Cap Rate 7%
$1,064,557
$1.1M
Cap Rate 9%
$827,989
$828.0K
Market Conditions
NOI Build-Up for 5,760 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
$136.9K $23.76/SF
− Vacancy
−$37.5K −$6.51/SF
EGI
$99.4K $17.25/SF
− OpEx
−$24.8K −$4.31/SF
NOI
$74.5K $12.94/SF
Area
San Patricio County, TX
Vacancy
27.40%
Lease Rate
$23.76 /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%
$1,490,380
Cap Rate 7%
$1,064,557
Cap Rate 9%
$827,989
Alternative Uses
Best Use
Office B
$1.06M
$931.5K – $1.24M
NOI $74,519 @ 7.0% cap · market cap 8.92%
Second Best
Warehouse
$546.4K
$478.1K – $637.5K
NOI $38,248 @ 7.0% cap · market cap 4.58%
Theoretical Best
Hotel Hospitality
$2.95M
$2.59M – $3.45M
NOI $206,842 @ 7.0% cap · market cap 24.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78362, TX
10,238
Population
4,701
Households
2.2
Avg Household Size
36
Median Age
21%
College-Educated
86%
High-School Grad
18.3 sq mi
ZIP Area
559
Density / Sq Mi
$78,698
Median Household Income
$41,240
Median Earnings
$1,226
Median Rent
$182,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse space in Ingleside industrial district.
Where is this flex space located?
The property is located at 1490 Sunray Rd Ingleside, TX.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Ideal location in Ingleside industrial district with easy access to Hwy. 361.; Combination of office (2,340 sqft) and warehouse (3,420 sqft) space totaling 5,760 sqft.; Excellent condition with recent upgrades including **two new HVAC units** (5‑ton for warehouse, 3‑ton for office).
