Remodeled Retail
New
For Sale
$230,000
415 San Jose Street, San Juan, TX 78589
Commercial Sale, San Juan, TX
Property Size1,240 SF
Lot Size0.17 Acres
Price / SF$185.48
Days on Market2
Property Features for 415 San Jose Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Appliances
Electric Water Heater
Subdivision
Bar Ut No. 4
Directions
From FM 495 travel North on Raul Longoria. Go East on Eldora Rd. Then head North on Gardenia Ave. Turn East on San Jose St. The property will be on the right-hand side.
Standard status
Active
APN
B158504000004600
Size
1,240 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4376
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
2005
Floors in Building
1
Building materials
Aluminum Siding, Stucco
Roof type
Metal
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Robert Kirby · License #0687948
(956) 279-8829
Added: Sep 24
Last Checked: Sep 25 at 8:06AM
MLS# 516238
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant retail space contains 1,240 square feet on a 0.1705-acre lot. The interior was remodeled and combines an open area with a private office, kitchenette, and two bathrooms. Central electric heating and central air conditioning serve the building, which has a metal roof and aluminum siding and stucco exterior materials.
Built in 2005, the property is located at 415 San Jose Street in San Juan, Texas. The listed appliances include an electric water heater.
Built in 2005, the property is located at 415 San Jose Street in San Juan, Texas. The listed appliances include an electric water heater.
Key Highlights
- 1,240 square feet of interior space on a 0.1705‑acre lot
- Remodeled interior with open area, private office, kitchenette, and two bathrooms
- Built in 2005
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
$16,743
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
7.28%
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%
$334,860
$334.9K
Cap Rate 7%
$239,186
$239.2K
Cap Rate 9%
$186,033
$186.0K
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
$25.4K $20.52/SF
− Vacancy
−$1.5K −$1.23/SF
EGI
$23.9K $19.29/SF
− OpEx
−$7.2K −$5.79/SF
NOI
$16.7K $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 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%
$334,860
Cap Rate 7%
$239,186
Cap Rate 9%
$186,033
Alternative Uses
Best Use
Retail
$239.2K
$209.3K – $279.1K
NOI $16,743 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$934.0K
$817.2K – $1.09M
NOI $65,379 @ 7.0% cap · market cap 28.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
7-Eleven
Shops & Services
5,093 visits/mo
0.5 miles
SUBWAY
Dining
2,932 visits/mo
0.4 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
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 - The vacant interior has two bathrooms, a kitchenette, a private office, and open area for flexible configuration.
Where is this retail 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 $230,000.
What are key features of this property?
This property features: 1,240 square feet of interior space on a 0.1705‑acre lot; Remodeled interior with open area, private office, kitchenette, and two bathrooms; Built in 2005
