Remodeled Office
For Sale
$250,000
415 San Jose Street, San Juan, TX 78589
Updated professional office with a flexible interior, central air, paved driveway, and on-site parking.
Property Size1,240 SF
Price / SF$201.61
Days on Market25
Property Features for 415 San Jose Street
General Information
Standard status
Active
Size
1,240 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,647
Amenities
Central Air, Electric
3
10 Parking Spaces. Paved Driveway.
City Road.
Building Details
Year Built
2005
Listing Agency:
Roaring Ranger Realty Llc
(254) 631-1817
Listed By:
Criselda Mankin
Source:
Xome
Added: Aug 7
Changed: Aug 31
Last Checked: Aug 31 at 2:51AM
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 Roaring Ranger Realty Llc
Investment Insights
Based on property information with market context.
This 1,240-square-foot office property was built in 2005 and has been remodeled on both the interior and exterior. The layout is adaptable for professional office operations, retail, or a specialty shop, providing a practical commercial setting within a residential area. Central air and electric service support the interior, while the site includes a paved driveway and 10 parking spaces. The property fronts a city road at 415 San Jose Street in San Juan, Texas.
Key Highlights
- 1,240‑square‑foot office property remodeled inside and out
- Flexible layout suited to professional office, retail, or specialty shop use
- Central air and electric service
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
$20,742
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
8.30%
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%
$414,840
$414.8K
Cap Rate 7%
$296,314
$296.3K
Cap Rate 9%
$230,467
$230.5K
Market Conditions
NOI Build-Up for 1,240 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
$38.1K $30.72/SF
− Vacancy
−$10.4K −$8.42/SF
EGI
$27.7K $22.30/SF
− OpEx
−$6.9K −$5.58/SF
NOI
$20.7K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /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%
$414,840
Cap Rate 7%
$296,314
Cap Rate 9%
$230,467
Alternative Uses
Best Use
Office B
$296.3K
$259.3K – $345.7K
NOI $20,742 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$934.0K
$817.2K – $1.09M
NOI $65,379 @ 7.0% cap · market cap 26.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office space - Updated professional office with a flexible interior, central air, paved driveway, and on-site parking.
Where is this office space located?
The property is located at 415 San Jose Street San Juan, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,240‑square‑foot office property remodeled inside and out; Flexible layout suited to professional office, retail, or specialty shop use; Central air and electric service
