Building Details

Building Size 6,900 SF

Year Built 2003

Listing Agency: Cravey Real Estate Services, Inc.

Listed By: Lynann Pinkham · License #TX #319336 Show Phone

Source: Craveyrealestate

Added: Mar 26 Changed: Oct 14 Last Checked: Oct 20 at 6:21PM

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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 Cravey Real Estate Services, Inc.

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Investment Insights

Based on property information with market context.

This centrally located commercial space offers convenient access to shopping, schools, industry, and businesses, making it suitable for servicing various industry needs. Its location provides proximity to Rockport, Gregory, Aransas Pass, and other nearby municipalities. The property underwent a complete $100,000 remodel in 2024, which included the installation of a new 5-ton HVAC unit, new electrical service, and LED interior lights. Additional improvements include new rain gutters, interior walls, and an office. Previously used as a dance studio for over 20 years, the property is currently occupied by Mary Jane’s Gymnastics. The building has a total area of 6,900 square feet.

Key Highlights

• Central location with easy access to shopping, schools, industry, and businesses.
• Complete $100,000 remodel in 2024.**
• New 5 TON HVAC unit installed in 2024.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,927

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$618,540 $618.5K

Cap Rate 7%

$441,814 $441.8K

Cap Rate 9%

$343,633 $343.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,900 SF

Gross rent

$48.0K $6.96/SF

− Vacancy

−$3.8K −$0.56/SF

EGI

$44.2K $6.40/SF

− OpEx

−$13.3K −$1.92/SF

NOI

$30.9K $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%

$618,540

Cap Rate 7%

$441,814

Cap Rate 9%

$343,633

Alternative Uses

Best Use

Retail

$441.8K

$386.6K – $515.5K (±1% cap)

NOI $30,927 @ 7.0% cap · market cap 5.63%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$3.54M

$3.10M – $4.13M (±1% cap)

NOI $247,779 @ 7.0% cap · market cap 45.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Auto Parts Store HVAC Service Pharmacy Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

361

Businesses Nearby

56k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 59% Dining 41%

Valero Energy Shops & Services

17,293 visits/mo 0.3 miles

Whataburger Dining

15,415 visits/mo 0.4 miles

Dollar Tree Shops & Services

8,537 visits/mo 0.3 miles

Taco Bell Dining

4,812 visits/mo 0.4 miles

7-Eleven Shops & Services

4,466 visits/mo 0.1 miles

Demographics for 78362, TX

10,238

Population

4,701

Households

2.2

Avg Household Size

36

Median Age

21%

College-Educated

86%

High-School Grad

18.3 sq mi

ZIP Area

559

Density / Sq Mi

$78,698

Median Household Income

$41,240

Median Earnings

$1,226

Median Rent

$182,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Remodeled commercial space with easy access to surrounding areas.

Where is this retail space located?

The property is located at 2710 S Main St Ingleside, TX.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Central location with easy access to shopping, schools, industry, and businesses.; Complete $100,000 remodel in 2024.**; New 5 TON HVAC unit installed in 2024.**