Commercial Building Near
For Sale
Contact for pricing
303 W Veterans Boulevard, Palmview, TX 78572
Commercial building on half an acre with excellent visibility.
Property Size960 SF
Lot Size0.50 Acres
Price / SF$229.17
Days on Market781
Property Features for 303 W Veterans Boulevard
General Information
Standard status
Active
Size
960 SF
Total Parking Spaces
22
Lot size
0.50 Acres
Property subtype
Office, Retail
Building Details
Year Built
1998
Listing Agency:
Icon Realty STX
Listed By:
Christopher Garcia
Source:
Crexi
Added: Aug 25, 2024
Changed: Oct 13
Last Checked: Oct 12 at 7:10PM
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 Icon Realty STX
Investment Insights
Based on property information with market context.
This commercial property features a 960-square-foot building situated on half an acre of land. Its location offers excellent visibility and accessibility. Ample parking is available to accommodate customers and employees. The property is located right off the expressway, making it suitable for a range of business ventures. The seller will consider owner financing.
Key Highlights
- Prime location with excellent visibility and accessibility right off the expressway.
- Commercial building on half an acre of land.
- Ample parking spaces for high customer and employee volume.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,962
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,240
$259.2K
Cap Rate 7%
$185,171
$185.2K
Cap Rate 9%
$144,022
$144.0K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$19.7K $20.52/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$18.5K $19.29/SF
− OpEx
−$5.6K −$5.79/SF
NOI
$13.0K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,240
Cap Rate 7%
$185,171
Cap Rate 9%
$144,022
Alternative Uses
Best Use
Retail
$185.2K
$162.0K – $216.0K
NOI $12,962 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$723.1K
$632.7K – $843.6K
NOI $50,616 @ 7.0% cap · market cap 23.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial building on half an acre with excellent visibility.
Where is this retail space located?
The property is located at 303 W Veterans Boulevard Palmview, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Prime location with excellent visibility and accessibility right off the expressway.; Commercial building on half an acre of land.; Ample parking spaces for high customer and employee volume.
