Insulated Flex
New
For Sale
$835,000
1490 Sunray, Ingleside, TX 78362
CommercialSale, Ingleside, TX
Property Size5,760 SF
Lot Size0.57 Acres
Price / SF$144.97
Days on Market1
Property Features for 1490 Sunray
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
L-1
Zoning description
L-1
Parking features
Off Street
Subdivision
Aransas Pass-Burton & Danforth
Lot features
Level
Standard status
Active
APN
115676
Size
5,760 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
BURTON & DANFORTH SUBD BLK G, PT LOT 6 (0.572 ACRES)
Legal Description
BURTON & DANFORTH SUBD BLK G, PT LOT 6 (0.572 ACRES)
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Tompkins Young Real Estate
(361) 643-2581
Listed By:
Diana Caldarella · License #0501952
(361) 633-9441
Added: Aug 20
Last Checked: Aug 20 at 5:06PM
MLS# 481213
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2015, this 5,760-square-foot flex building combines 2,340 square feet of finished office space with a 3,420-square-foot warehouse. The office layout includes a reception area, three offices, a conference room with built-in cabinets, storage, file storage, finished concrete floors, and two restrooms. The warehouse offers a 10-foot overhead door, exterior exit, overhead lighting, utility room, metal interior siding, and steel-frame construction.
The building is foam insulated and equipped with two HVAC units: a 5-ton system serving the warehouse and a 3-ton system serving the office area. The 0.57-acre lot is zoned L-1, has public water, off-street parking, and a metal roof. Located on Sunray Road in Ingleside's industrial district, the property provides access to Hwy. 361 and is surrounded by petrochemical investments.
The building is foam insulated and equipped with two HVAC units: a 5-ton system serving the warehouse and a 3-ton system serving the office area. The 0.57-acre lot is zoned L-1, has public water, off-street parking, and a metal roof. Located on Sunray Road in Ingleside's industrial district, the property provides access to Hwy. 361 and is surrounded by petrochemical investments.
Key Highlights
- 5,760‑square‑foot flex building on a 0.57‑acre lot
- Office area totals 2,340 square feet with three offices, conference room, storage, and two restrooms
- Warehouse measures 3,420 square feet and includes a 10‑foot overhead door
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
Lease Details
Yes
Highway access
Yes
Paved road access
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 - Metal flex property combines finished office areas with a functional warehouse and direct access to Hwy. 361.
Where is this flex space located?
The property is located at 1490 Sunray 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: 5,760‑square‑foot flex building on a 0.57‑acre lot; Office area totals 2,340 square feet with three offices, conference room, storage, and two restrooms; Warehouse measures 3,420 square feet and includes a 10‑foot overhead door
