Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Building Details

Building Size 49,452 SF

Listing Agency: Coldwell Banker Commercial Rio Grande Valley

Listed By: Daniel Galvan · License #582851 Show Phone

Source: Commercialcafe

Added: Jul 26 Changed: Oct 15 Last Checked: Oct 14 at 8:32PM

Report an Issue

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 Coldwell Banker Commercial Rio Grande Valley

Investment Insights

Based on property information with market context.

This 49,452± square-foot flex space facility combines substantial commercial area with a secured, fully fenced and gated site. The property can accommodate office, service, showroom, business, or other commercial functions, providing flexibility for owner-user or operational requirements.

Positioned along Expressway 77/83 in San Benito, the facility benefits from frontage on a major transportation corridor and access suitable for customers, employees, and business operations. Its visible corridor setting supports a range of commercial applications while the gated enclosure adds practical site control.

Key Highlights

• 49,452± square‑foot commercial facility
• Frontage along Expressway 77/83
• Fully fenced and gated property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$231,359

Cap Rate

6.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,627,180 $4.6M

Cap Rate 7%

$3,305,129 $3.3M

Cap Rate 9%

$2,570,656 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 49,452 SF

Gross rent

$350.1K $7.08/SF

− Vacancy

−$19.6K −$0.40/SF

EGI

$330.5K $6.68/SF

− OpEx

−$99.2K −$2.01/SF

NOI

$231.4K $4.68/SF

Area

Cameron County, TX

Vacancy

5.60%

Lease Rate

$7.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,627,180

Cap Rate 7%

$3,305,129

Cap Rate 9%

$2,570,656

Alternative Uses

Best Use

Flex RnD

$6.04M

$5.29M – $7.05M (±1% cap)

NOI $423,018 @ 7.0% cap · market cap 12.09%

Second Best

Industrial

$3.31M

$2.89M – $3.86M (±1% cap)

NOI $231,359 @ 7.0% cap · market cap 6.61%

Theoretical Best

Healthcare Medical

$8.51M

$7.45M – $9.93M (±1% cap)

NOI $596,035 @ 7.0% cap · market cap 17.03%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply HVAC Service Big Box & Wholesale Store

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

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

469

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 78586, TX

50,135

Population

16,145

Households

3.1

Avg Household Size

32

Median Age

12%

College-Educated

64%

High-School Grad

152.5 sq mi

ZIP Area

329

Density / Sq Mi

$44,158

Median Household Income

$25,906

Median Earnings

$839

Median Rent

$83,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Dock-High Warehouse and Yard

1 Runnels Road, San Benito, TX 78586

$5,900,000

10.00 Acres

View details

Eight-Unit Strip Mall

801 ZILLOCK RD., San Benito, TX 78586

$1,295,000

5,940 SF

View details

Four-Unit Property with Patios

140 LAS PALMAS ST, San Benito, TX 78586

$289,000

7,024 SF

View details

Four-Unit Apartment Property

130 Wild Olive Cir. A B C D, San Benito, TX 78586

$375,000

3,100 SF

View details

Two-Bedroom Quadplex

151 Wild Olive Cir. A B C D, San Benito, TX 78586

$375,000

3,100 SF

View details

Remodeled Two-Unit Storefront

251 W Expressway 83, San Benito, TX 78586

$475,000

1,248 SF

View details

Industrial Storage Warehouse

618 Commerce St, San Benito, TX 78586

$295,000

1,800 SF

View details

Restaurant and Office in San Benito

267 W Robertson St., San Benito, TX 78586

$234,000

1,796 SF

View details

Tenant-Occupied Specialty Property

1231 E EXPRESSWAY 77/83, San Benito, TX 78586

$184,999

2,014 SF

View details

Professional Office with Private Suite

1040 N Sam Houston Blvd, San Benito, TX 78586

$175,000

View details

C-2 Live-Work Space

990 N Dick Dowling St., San Benito, TX 78586

$155,000

1,040 SF

View details

Retail Property Near High-Traffic Intersection

1100 W Business 77, San Benito, TX

Contact for pricing

4,650 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Fenced and gated facility along a major transportation corridor in San Benito.

Where is this flex space located?

The property is located at 502 E Business 77 San Benito, TX.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 49,452± square‑foot commercial facility; Frontage along Expressway 77/83; Fully fenced and gated property