Versatile Office and Warehouse
For Sale
$600,000
520 N Veterans Boulevard, San Juan, TX 78589
Office and warehouse space with high visibility and easy access.
Property Size5,150 SF
Price / SF$116.91
Days on Market212
Property Features for 520 N Veterans Boulevard
General Information
Standard status
Active
Size
5,150 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,344
Building Details
Building Size
5,150 SF
Year Built
1981
Listing Agency:
Cobos Real Estate Services LLC
Listed By:
Alejandra E. Cobos · License #582452
(956) 802-1982
Source:
Primeluxuryrealestate
Added: Mar 26
Changed: Oct 18
Last Checked: Oct 21 at 3:58AM
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
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Investment Insights
Based on property information with market context.
Located on a high-visibility site along a busy route, the property features 1,250 square feet of office space and approximately 3,882 square feet of warehouse storage. Situated between I-2 and the Pharr Bridge, the location provides access to key transport routes. The property is located in a business hub, surrounded by established enterprises, making it suitable for both new and expanding businesses.
Key Highlights
- High‑visibility location on a busy boulevard
- Benefit from a combination of 1,250 sq. ft. office space and appx 3,882 sq. ft. warehouse storage
- Convenient access to I‑2 and the Pharr Bridge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,006
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,120
$540.1K
Cap Rate 7%
$385,800
$385.8K
Cap Rate 9%
$300,067
$300.1K
Market Conditions
NOI Build-Up for 5,132 SF
Gross rent
$41.3K $8.04/SF
− Vacancy
−$2.7K −$0.52/SF
EGI
$38.6K $7.52/SF
− OpEx
−$11.6K −$2.26/SF
NOI
$27.0K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,120
Cap Rate 7%
$385,800
Cap Rate 9%
$300,067
Alternative Uses
Best Use
Industrial
$385.8K
$337.6K – $450.1K
NOI $27,006 @ 7.0% cap · market cap 4.50%
Second Best
Flex RnD
$358.2K
$313.5K – $418.0K
NOI $25,077 @ 7.0% cap · market cap 4.18%
Theoretical Best
Hotel Hospitality
$3.87M
$3.38M – $4.51M
NOI $270,585 @ 7.0% cap · market cap 45.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse space with high visibility and easy access.
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 $600,000.
What are key features of this property?
This property features: High‑visibility location on a busy boulevard; Benefit from a combination of 1,250 sq. ft. office space and appx 3,882 sq. ft. warehouse storage; Convenient access to I‑2 and the Pharr Bridge
