Corner Lot with Highway
1901 19TH ST Hondo, TX 78861
1901 19TH ST, Hondo, TX, 78861
$395,000
For Sale
$395,000
Corner commercial lot with Highway 90 frontage and a 1950 home featuring original shiplap and hardwood floors.
Property Size1,755 SF
Price / SF$225.07
Days on Market699
Property Features for 1901 19TH ST
General Information
- Standard status
- Active
- Size
- 1,755 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing agency
Homestead & Ranch Real Estate
(210) 414-8198
Listed by
Heather Mutz
(210) 414-8198
Source
Xome
Added: Aug 23, 2024 Updated: Jul 21 at 12:49AM Checked: Jul 21 at 2:59AM
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 Homestead & Ranch Real Estate
Investment Insights
Based on property information with market context.
This corner commercial property on Highway 90 includes a long rectangular lot with open space toward the back, suited for a dedicated parking area. The site also features an accompanying 1950 home, approximately 1,755 square feet, with original shiplap and hardwood floors.
The home may be suitable for conversion to a variety of commercial uses, including restaurant, store, or office space. The property layout also allows for flexibility, as the house could be moved off the lot to support a different development approach.
Offered for sale in Hondo, this property combines street-facing frontage with depth for on-site parking needs, while maintaining the option to adapt the existing improvements or reconfigure the site for a new vision.
The home may be suitable for conversion to a variety of commercial uses, including restaurant, store, or office space. The property layout also allows for flexibility, as the house could be moved off the lot to support a different development approach.
Offered for sale in Hondo, this property combines street-facing frontage with depth for on-site parking needs, while maintaining the option to adapt the existing improvements or reconfigure the site for a new vision.
Key Highlights
- Corner COMMERCIAL property with Highway 90 frontage on an almost half‑acre lot
- Includes a 1,755 SF home built in 1950
- Home features original shiplap and hardwood floors
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $19.92 |
| − Vacancy | −$1.4k | −$0.80 |
| EGI | $33.6k | $19.12 |
| − OpEx | −$8.4k | −$4.78 |
| NOI | $25.2k | $14.34 |
1,755 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$359.6K
$314.6K – $419.5K
NOI $25,171 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.7K
$391.7K – $522.3K
NOI $31,337 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Corner commercial lot with Highway 90 frontage and a 1950 home featuring original shiplap and hardwood floors.
Where is this commercial land located?
The property is located at 1901 19TH ST Hondo, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Corner COMMERCIAL property with Highway 90 frontage on an almost half‑acre lot; Includes a 1,755 SF home built in 1950; Home features original shiplap and hardwood floors
