Commercial Land with Existing
For Sale
$997,000
2101 N Raul Longoria Rd, San Juan, TX 78589
Commercially zoned parcel with roadway access and existing improvements for future redevelopment.
Property Size5,270 SF
Price / SF$189.18
Days on Market60
Property Features for 2101 N Raul Longoria Rd
General Information
Standard status
Active
Size
5,270 SF
Taxes and HOA fees
Annual Taxes
$6,783
Listing Agency:
Alliance Real Estate Group
(469) 247-4411
Listed By:
Shellia Gowins · License #0816051
(469) 247-4411
Source:
Exprealty
Added: Jun 14
Changed: Aug 10
Last Checked: Aug 11 at 12:39PM
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 Alliance Real Estate Group
Investment Insights
Based on property information with market context.
This commercial land offering includes approximately 18,500 square feet with existing improvements and room for expansion. The property carries commercial zoning and is positioned for redevelopment or renovation, with the source information identifying retail, restaurant, office, car wash, automotive, and service concepts as potential directions.
Located at 2101 N Raul Longoria Rd in San Juan, Texas, the site fronts a highly traveled roadway and provides access to major roads. Annual average daily traffic was reported at 27,591 in 2024, with projected traffic exceeding 43,000 vehicles per day by 2030. Established neighborhoods and businesses surround the property.
Located at 2101 N Raul Longoria Rd in San Juan, Texas, the site fronts a highly traveled roadway and provides access to major roads. Annual average daily traffic was reported at 27,591 in 2024, with projected traffic exceeding 43,000 vehicles per day by 2030. Established neighborhoods and businesses surround the property.
Key Highlights
- Approximately 18,500 square feet of commercial land
- Commercial zoning with existing improvements and room for expansion
- Located at 2101 N Raul Longoria Rd, San Juan, TX
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
$76,482
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
7.67%
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%
$1,529,640
$1.5M
Cap Rate 7%
$1,092,600
$1.1M
Cap Rate 9%
$849,800
$849.8K
Market Conditions
NOI Build-Up for 5,270 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
$108.1K $20.52/SF
− Vacancy
−$6.2K −$1.17/SF
EGI
$102.0K $19.35/SF
− OpEx
−$25.5K −$4.84/SF
NOI
$76.5K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$1,529,640
Cap Rate 7%
$1,092,600
Cap Rate 9%
$849,800
Alternative Uses
Best Use
Specialty Retail
$1.09M
$956.0K – $1.27M
NOI $76,482 @ 7.0% cap · market cap 7.67%
Second Best
Retail
$1.02M
$889.5K – $1.19M
NOI $71,156 @ 7.0% cap · market cap 7.14%
Theoretical Best
Hotel Hospitality
$3.97M
$3.47M – $4.63M
NOI $277,861 @ 7.0% cap · market cap 27.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
2,932 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned parcel with roadway access and existing improvements for future redevelopment.
Where is this commercial land located?
The property is located at 2101 N Raul Longoria Rd San Juan, TX.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: Approximately 18,500 square feet of commercial land; Commercial zoning with existing improvements and room for expansion; Located at 2101 N Raul Longoria Rd, San Juan, TX
