Flex Office and
520 N Veterans Boulevard San Juan, TX 78589
520 N Veterans Boulevard, San Juan, TX, 78589
$620,000
For Sale
$620,000
Versatile office and warehouse space totals 5,150 sq. ft., offering combined work and storage under one ownership.
Property Size5,150 SF
Price / SF$120.39
Days on Market662
Property Features for 520 N Veterans Boulevard
General Information
- Standard status
- Active
- Size
- 5,150 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1981
Listing agency
Cobos Real Estate Services Llc
(956) 802-1982
Listed by
Alejandra Cobos · License #582452
(956) 802-1982
Source
Xome
Added: Sep 30, 2024 Updated: Jul 22 at 1:20PM Checked: Jul 22 at 1:20PM
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 Cobos Real Estate Services Llc
Investment Insights
Based on property information with market context.
This property offers a combined flex setup with office space and warehouse/storage space. The layout includes approximately 1,250 sq. ft. of office area alongside approximately 3,882 sq. ft. of warehouse/storage space, for a total of 5,150 sq. ft.
The property is located at 520 N Veterans Boulevard in San Juan, Texas, and is described as being on a high-visibility route. Public remarks indicate the property is positioned between I-2 and the Pharr Bridge, providing access to major transport routes.
For prospective tenants or owners looking for a single property that supports both administrative space and on-site storage, this flex configuration may align with a range of operational needs within the total 5,150 sq. ft. footprint.
The property is located at 520 N Veterans Boulevard in San Juan, Texas, and is described as being on a high-visibility route. Public remarks indicate the property is positioned between I-2 and the Pharr Bridge, providing access to major transport routes.
For prospective tenants or owners looking for a single property that supports both administrative space and on-site storage, this flex configuration may align with a range of operational needs within the total 5,150 sq. ft. footprint.
Key Highlights
- Total of 5,150 sq. ft. combined office and warehouse space under one ownership
- 1,250 sq. ft. office space with central air
- Appx 3,882 sq. ft. warehouse storage
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.4k | $8.04 |
| − Vacancy | −$2.7k | −$0.52 |
| EGI | $38.7k | $7.52 |
| − OpEx | −$5.8k | −$1.13 |
| NOI | $32.9k | $6.39 |
5,150 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,144 @ 7.0% cap · market cap 13.89%
Second Best
Warehouse
$470.1K
$411.3K – $548.5K
NOI $32,907 @ 7.0% cap · market cap 5.31%
Theoretical Best
Hotel Hospitality
$3.88M
$3.39M – $4.53M
NOI $271,534 @ 7.0% cap · market cap 43.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile office and warehouse space totals 5,150 sq. ft., offering combined work and storage under one ownership.
Where is this flex space located?
The property is located at 520 N Veterans Boulevard San Juan, TX.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Total of 5,150 sq. ft. combined office and warehouse space under one ownership; 1,250 sq. ft. office space with central air; Appx 3,882 sq. ft. warehouse storage
