Office Space with Highway
For Sale
$225,000
2806 Us Highway 90, Hondo, TX 78861
0.3-acre site with a fully redone manufactured home office, new drive, and parking with visibility from US Highway 90.
Property Size1,232 SF
Lot Size0.30 Acres
Price / SF$182.63
Days on Market379
Property Features for 2806 Us Highway 90
General Information
Standard status
Active
Size
1,232 SF
Lot size
0.30 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
MIXED
8 Parking Spaces.
Building Details
Year Built
1998
Listing Agency:
Homestead & Ranch Real Estate
(512) 466-1460
Listed By:
Heather Mutz
(210) 414-8198
Source:
Xome
Added: Aug 23, 2025
Changed: Sep 1
Last Checked: Sep 4 at 4:35AM
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 for-sale property on 0.3 acres combines office space in a completely redone manufactured home with site improvements designed for access and parking. A new drive and parking spaces have been created to support convenient arrival and use.
The property is positioned on US Highway 90 frontage in Hondo, Texas, located just at the curve on the west side of town. It offers visibility from the highway and is across from a Tire and Wheel shop.
For businesses seeking an office setup with straightforward highway exposure and practical on-site parking, this site provides a compact, ready-to-use configuration built around the updated manufactured home.
The property is positioned on US Highway 90 frontage in Hondo, Texas, located just at the curve on the west side of town. It offers visibility from the highway and is across from a Tire and Wheel shop.
For businesses seeking an office setup with straightforward highway exposure and practical on-site parking, this site provides a compact, ready-to-use configuration built around the updated manufactured home.
Key Highlights
- 0.3‑acre site in Hondo, TX with frontage on US Highway 90
- Manufactured home fully redone to function as an office space
- New drive and 8 parking spaces on‑site
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
$16,791
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
7.46%
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%
$335,820
$335.8K
Cap Rate 7%
$239,871
$239.9K
Cap Rate 9%
$186,567
$186.6K
Market Conditions
NOI Build-Up for 1,232 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
$27.2K $22.08/SF
− Vacancy
−$4.8K −$3.91/SF
EGI
$22.4K $18.17/SF
− OpEx
−$5.6K −$4.54/SF
NOI
$16.8K $13.63/SF
Area
Medina County, TX
Vacancy
17.70%
Lease Rate
$22.08 /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%
$335,820
Cap Rate 7%
$239,871
Cap Rate 9%
$186,567
Alternative Uses
Best Use
Office B
$239.9K
$209.9K – $279.9K
NOI $16,791 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.3K
$275.0K – $366.6K
NOI $21,998 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 78861, TX
13,298
Population
5,163
Households
2.6
Avg Household Size
39
Median Age
17%
College-Educated
82%
High-School Grad
490.7 sq mi
ZIP Area
27
Density / Sq Mi
$64,491
Median Household Income
$39,711
Median Earnings
$1,131
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 0.3-acre site with a fully redone manufactured home office, new drive, and parking with visibility from US Highway 90.
Where is this office units located?
The property is located at 2806 Us Highway 90 Hondo, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 0.3‑acre site in Hondo, TX with frontage on US Highway 90; Manufactured home fully redone to function as an office space; New drive and 8 parking spaces on‑site
