Corner Office
For Sale
$299,000
1622 Raul Longoria Road, San Juan, TX 78589
Office property with central air, four parking spaces, and access from a prominent corner location.
Property Size1,966 SF
Price / SF$152.09
Days on Market10
Property Features for 1622 Raul Longoria Road
General Information
Standard status
Active
Size
1,966 SF
Property subtype
General Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$4,983
Amenities
Central Air
Parking.
4 Parking Spaces. Off Street, On Street.
City Road.
Building Details
Year Built
1980
Listing Agency:
(956) 369-9164
Listed By:
Coldwell Banker La Mansion
(956) 369-9164
Source:
Xome
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 30 at 9:18PM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This office property encompasses 1,966 square feet and was built in 1980. Central air serves the interior, while parking is provided through four spaces identified as off-street and on-street options.
The property occupies the corner of 495 and Raul Longoria Road in San Juan, with access from a city road. Its position at this intersection provides a visible setting for office operations and other commercial activity supported by the office classification.
The property occupies the corner of 495 and Raul Longoria Road in San Juan, with access from a city road. Its position at this intersection provides a visible setting for office operations and other commercial activity supported by the office classification.
Key Highlights
- 1,966‑square‑foot office property
- Corner position at 495 and Raul Longoria Road
- Built in 1980
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
$26,545
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
8.88%
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%
$530,900
$530.9K
Cap Rate 7%
$379,214
$379.2K
Cap Rate 9%
$294,944
$294.9K
Market Conditions
NOI Build-Up for 1,966 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
$40.3K $20.52/SF
− Vacancy
−$2.4K −$1.23/SF
EGI
$37.9K $19.29/SF
− OpEx
−$11.4K −$5.79/SF
NOI
$26.5K $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 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%
$530,900
Cap Rate 7%
$379,214
Cap Rate 9%
$294,944
Alternative Uses
Best Use
Office B
$469.8K
$411.1K – $548.1K
NOI $32,885 @ 7.0% cap · market cap 11.00%
Second Best
Retail
$379.2K
$331.8K – $442.4K
NOI $26,545 @ 7.0% cap · market cap 8.88%
Theoretical Best
Hotel Hospitality
$1.48M
$1.30M – $1.73M
NOI $103,657 @ 7.0% cap · market cap 34.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office property with central air, four parking spaces, and access from a prominent corner location.
Where is this office units located?
The property is located at 1622 Raul Longoria Road San Juan, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,966‑square‑foot office property; Corner position at 495 and Raul Longoria Road; Built in 1980
