Corner Storefront
For Sale
$129,000
602 Main St, Ingleside, TX 78362
Includes side parking, a front-entry ramp, and a carport that could be finished as a garage.
Property Size928 SF
Price / SF$139.01
Days on Market58
Property Features for 602 Main St
General Information
Standard status
Active
Size
928 SF
Listing Agency:
Cass Real Estate
(361) 977-9222
Listed By:
Kenneth Rivard · License #0610287
(361) 687-6582
Source:
Exprealty
Added: Aug 18
Changed: Sep 13
Last Checked: Oct 13 at 2:20AM
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 Cass Real Estate
Investment Insights
Based on property information with market context.
This 928 property is a corner storefront at 602 Main St with an entrance on the Whitney side. The existing interior includes living and bedroom areas with hardwood flooring, plus a small room adjoining the kitchen that can serve as storage, dining, or pantry space. The property needs substantial work, with additional flexibility for improvements to the carport and interior finishes.
Visibility is provided along 1069, with traffic passing by the site. Parking is located on the Whitney side, and a ramp leads to the front door. The property information identifies potential applications including an office, hair salon, or small retail operation. The lot is described as adequately sized for possible expansion.
Visibility is provided along 1069, with traffic passing by the site. Parking is located on the Whitney side, and a ramp leads to the front door. The property information identifies potential applications including an office, hair salon, or small retail operation. The lot is described as adequately sized for possible expansion.
Key Highlights
- Corner location at 602 Main St and Whitney
- 928 property with hardwood flooring in living and bedroom areas
- Visibility along 1069 with traffic passing by
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,160
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$83,200
$83.2K
Cap Rate 7%
$59,429
$59.4K
Cap Rate 9%
$46,222
$46.2K
Market Conditions
NOI Build-Up for 928 SF
Gross rent
$6.5K $6.96/SF
− Vacancy
−$517 −$0.56/SF
EGI
$5.9K $6.40/SF
− OpEx
−$1.8K −$1.92/SF
NOI
$4.2K $4.48/SF
Area
San Patricio County, TX
Vacancy
8.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$83,200
Cap Rate 7%
$59,429
Cap Rate 9%
$46,222
Alternative Uses
Best Use
Office B
$171.5K
$150.1K – $200.1K
NOI $12,006 @ 7.0% cap · market cap 9.31%
Second Best
Retail
$59.4K
$52.0K – $69.3K
NOI $4,160 @ 7.0% cap · market cap 3.22%
Theoretical Best
Hotel Hospitality
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 25.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78362, TX
10,238
Population
4,701
Households
2.2
Avg Household Size
36
Median Age
21%
College-Educated
86%
High-School Grad
18.3 sq mi
ZIP Area
559
Density / Sq Mi
$78,698
Median Household Income
$41,240
Median Earnings
$1,226
Median Rent
$182,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Includes side parking, a front-entry ramp, and a carport that could be finished as a garage.
Where is this storefront property located?
The property is located at 602 Main St Ingleside, TX.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Corner location at 602 Main St and Whitney; 928 property with hardwood flooring in living and bedroom areas; Visibility along 1069 with traffic passing by
