Highway 35 Storefront
For Sale
$162,900
Pending
205 Highway 35, Gregory, TX 78359
CommercialSale, Gregory, TX
Property Size1,800 SF
Lot Size0.23 Acres
Days on Market219
Property Features for 205 Highway 35
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Subdivision
Gregory-Macaze Park
Standard status
Pending
APN
55823
Size
1,800 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
MACAZE PARK BLK 1 LOT 7, 8
Legal Description
MACAZE PARK BLK 1 LOT 7, 8
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Building materials
Brick, Block
Roof type
Tar/Gravel
Listing Agency:
Cass Real Estate
(361) 643-2662
Listed By:
Missy Grimsinger · License #0473075
(361) 537-9899
Added: Mar 2
Changed: Sep 21
Last Checked: Oct 7 at 5:06PM
MLS# 472475
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.
This storefront property includes approximately 1,800 square feet in a brick-and-block building constructed in 1982. The space is served by central heating and central air, with off-street parking available for occupants and visitors. A tar-and-gravel roof, public water, and public sewer are also in place.
The building is located at 205 Highway 35 in Gregory, providing direct positioning along the highway corridor. The property occupies approximately 0.23 acres and is suited to commercial use supported by its existing storefront configuration and building systems.
The building is located at 205 Highway 35 in Gregory, providing direct positioning along the highway corridor. The property occupies approximately 0.23 acres and is suited to commercial use supported by its existing storefront configuration and building systems.
Key Highlights
- Approximately 1,800 square feet of commercial building area
- Located at 205 Highway 35 in Gregory, TX 78359
- 0.23‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,068
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,360
$161.4K
Cap Rate 7%
$115,257
$115.3K
Cap Rate 9%
$89,644
$89.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$12.5K $6.96/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$11.5K $6.40/SF
− OpEx
−$3.5K −$1.92/SF
NOI
$8.1K $4.48/SF
Area
San Patricio County, TX
Vacancy
8.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,360
Cap Rate 7%
$115,257
Cap Rate 9%
$89,644
Alternative Uses
Best Use
Retail
$115.3K
$100.9K – $134.5K
NOI $8,068 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$923.4K
$808.0K – $1.08M
NOI $64,638 @ 7.0% cap · market cap 39.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78359, TX
1,920
Population
682
Households
2.8
Avg Household Size
38
Median Age
2%
College-Educated
60%
High-School Grad
9.6 sq mi
ZIP Area
200
Density / Sq Mi
$35,750
Median Household Income
$21,083
Median Earnings
$868
Median Rent
$97,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick-and-block commercial space with central heating, central air, and off-street parking.
Where is this storefront property located?
The property is located at 205 Highway 35 Gregory, TX.
What is the asking price?
The asking price for this property is $162,900.
What are key features of this property?
This property features: Approximately 1,800 square feet of commercial building area; Located at 205 Highway 35 in Gregory, TX 78359; 0.23‑acre property
