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 Market151
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
(956) 802-1982
Listed By:
Alejandra E. Cobos · License #582452
Source:
Primeluxuryrealestate
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 22 at 5:20AM
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.
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 = 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
$27,006
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
4.50%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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
