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1618 N Veterans Boulevard, San Juan, TX 78589
Exterior paint, outdoor lighting, and roof work are underway at this retail center on N. Veterans Boulevard.
Property Size23,700 SF
Price / SF$0.09
Days on Market3
Property Features for 1618 N Veterans Boulevard
General Information
Standard status
Active
Size
23,700 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
2005
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Oct 30
Last Checked: Oct 30 at 1:55AM
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 Texus Realty
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Investment Insights
Based on property information with market context.
The neighborhood shopping center at 1618 N. Veterans Boulevard contains approximately 23,700 square feet and was built in 2005. Current work includes a full exterior repaint, upgraded outdoor lighting, and roof renovations.
The center is on N. Veterans Boulevard in San Juan, within the city’s retail trade area. The surrounding context includes established retailers, residential neighborhoods, and commercial development.
The center is on N. Veterans Boulevard in San Juan, within the city’s retail trade area. The surrounding context includes established retailers, residential neighborhoods, and commercial development.
Key Highlights
- Approximately 23,700 SF of neighborhood retail space
- Built in 2005
- Exterior repaint, outdoor lighting upgrades, and roof renovations underway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$320,001
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,400,020
$6.4M
Cap Rate 7%
$4,571,443
$4.6M
Cap Rate 9%
$3,555,567
$3.6M
Market Conditions
NOI Build-Up for 23,700 SF
Gross rent
$486.3K $20.52/SF
− Vacancy
−$29.2K −$1.23/SF
EGI
$457.1K $19.29/SF
− OpEx
−$137.1K −$5.79/SF
NOI
$320.0K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,400,020
Cap Rate 7%
$4,571,443
Cap Rate 9%
$3,555,567
Alternative Uses
Best Use
Retail
$4.57M
$4.00M – $5.33M
NOI $320,001 @ 7.0% cap · market cap 15,362.51%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$17.85M
$15.62M – $20.83M
NOI $1,249,583 @ 7.0% cap · market cap 59,989.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 45%
Home Improvements & Furnishings 1%
Burger King
Dining
10,225 visits/mo
0.3 miles
Quick Quack Car Wash
Shops & Services
7,703 visits/mo
0.4 miles
CarMax
Shops & Services
4,992 visits/mo
0.2 miles
IBC Bank
Shops & Services
4,989 visits/mo
0.4 miles
Domino's Pizza
Dining
4,407 visits/mo
0.3 miles
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Exterior paint, outdoor lighting, and roof work are underway at this retail center on N. Veterans Boulevard.
Where is this shopping center located?
The property is located at 1618 N Veterans Boulevard San Juan, TX.
What are key features of this property?
This property features: Approximately 23,700 SF of neighborhood retail space; Built in 2005; Exterior repaint, outdoor lighting upgrades, and roof renovations underway
