Versatile Retail/Office Space
For Sale
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1753 E State Hwy 97, Jourdanton, TX
Adaptable commercial space with highway exposure and ample parking.
Property Size5,374 SF
Lot Size1.23 Acres
Price / SF$260.51
Days on Market1113
Property Features for 1753 E State Hwy 97
General Information
Standard status
Active
Size
5,374 SF
Lot size
1.23 Acres
Property subtype
RETAIL
Properties For Sale
at 1753 E State Hwy 97 Contact us- Floor
- 1
- Size
- 5,374 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
1753 E State Hwy 97
- FOR LEASE - 5,374 sq ft commercial/retail space. Current build-out was constructed...
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Listing Agency:
Brohill Realty
(830) 569-4455
Listed By:
Clifton Shearrer · License #0519100
(210) 325-7448
Source:
Moodyscre
Added: Aug 22, 2023
Changed: Aug 9
Last Checked: Sep 7 at 10:24AM
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 Brohill Realty
Investment Insights
Based on property information with market context.
This 5,374 square foot commercial space is available for lease. The current build-out is designed for a gym, but the space can be adapted for office or retail use. The landlord is flexible, and the space can be divided into smaller units, down to 1,791 square feet. The property features prominent exposure on Highway 97, an excellent parking ratio with over 65 spaces, and updated exterior architectural details.
Key Highlights
- High visibility location on Hwy 97
- Ample parking with over 65 spaces
- Flexible space options, divisible to 1,791 sq ft
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
$92,203
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
6.59%
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%
$1,844,060
$1.8M
Cap Rate 7%
$1,317,186
$1.3M
Cap Rate 9%
$1,024,478
$1.0M
Market Conditions
NOI Build-Up for 5,374 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
$137.4K $25.56/SF
− Vacancy
−$14.4K −$2.68/SF
EGI
$122.9K $22.88/SF
− OpEx
−$30.7K −$5.72/SF
NOI
$92.2K $17.16/SF
Area
Atascosa County, TX
Vacancy
10.50%
Lease Rate
$25.56 /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%
$1,844,060
Cap Rate 7%
$1,317,186
Cap Rate 9%
$1,024,478
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,203 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$1.13M
$991.9K – $1.32M
NOI $79,350 @ 7.0% cap · market cap 5.67%
Theoretical Best
Hotel Hospitality
$4.05M
$3.54M – $4.72M
NOI $283,344 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Adaptable commercial space with highway exposure and ample parking.
Where is this retail space located?
The property is located at 1753 E State Hwy 97 Jourdanton, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High visibility location on Hwy 97; Ample parking with over 65 spaces; Flexible space options, divisible to 1,791 sq ft
