Building Details

Building Size 1,600 SF

Year Built 2005

Stories 1

Listing Agency: JUST REALTY

Listed By: Monica M Rodriguez Garza Show Phone

Source: Justrealty

Added: Oct 22 Changed: Oct 24 Last Checked: Oct 24 at 2:35PM

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 JUST REALTY

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?

Investment Insights

Based on property information with market context.

This 1,600-square-foot storefront was built in 2005 and is occupied by a tenant. The property is zoned CO, and the existing tenancy may provide an income stream.

Located at 608 Tom Gill Road in Penitas, the property has access to I-2/Expressway 83.

Key Highlights

• 1,600‑square‑foot storefront building
• Currently occupied by a tenant
• CO zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,603

Cap Rate

5.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$432,060 $432.1K

Cap Rate 7%

$308,614 $308.6K

Cap Rate 9%

$240,033 $240.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$32.8K $20.52/SF

− Vacancy

−$2.0K −$1.23/SF

EGI

$30.9K $19.29/SF

− OpEx

−$9.3K −$5.79/SF

NOI

$21.6K $13.50/SF

Area

Hidalgo County, TX

Vacancy

6.00%

Lease Rate

$20.52 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$432,060

Cap Rate 7%

$308,614

Cap Rate 9%

$240,033

Alternative Uses

Best Use

Retail

$308.6K

$270.0K – $360.1K (±1% cap)

NOI $21,603 @ 7.0% cap · market cap 5.54%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$1.21M

$1.05M – $1.41M (±1% cap)

NOI $84,360 @ 7.0% cap · market cap 21.63%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Las Vacquitas Mexican ... Restaurant Fierce Nutrition Physician El Charro Clothing Store

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Storage Facility Locksmith (Bike/Boat/Book/etc) 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

Highway access

Location Intelligence

Trade Area within ½ mile

315

Businesses Nearby

171k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 53% Dining 23% Shops & Services 20% Electronics 3%

Walmart Superstores

90,183 visits/mo 0.3 miles

Dollar Tree Shops & Services

22,230 visits/mo 0.4 miles

Dutch Bros. Coffee Dining

12,425 visits/mo 0.4 miles

SONIC Drive In Dining

9,456 visits/mo 0.4 miles

Dollar General Shops & Services

8,321 visits/mo 0.3 miles

Demographics for 78576, TX

13,901

Population

3,362

Households

4.1

Avg Household Size

25

Median Age

6%

College-Educated

53%

High-School Grad

58.2 sq mi

ZIP Area

239

Density / Sq Mi

$48,205

Median Household Income

$21,962

Median Earnings

$629

Median Rent

$116,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Brick Strip Retail Building

1312 Expressway 83, Penitas, TX 78576

$1,100,000

6,820 SF

View details

High-Visibility Commercial Building For Sale

1006 SW Expressway 83, Penitas, TX 78576

Contact for pricing

4,500 SF

View details

Office Building with Rear Garage

1420 Expressway 83 Highway, Penitas, TX 78576

$299,000

2,150 SF

View details

Gated Wedding Venue Estate

1461 Pino Street, Penitas, TX 78576

$1,290,000

2,941 SF

View details

Freestanding Sonic Investment Property

1815 E Expressway 83, Penitas, TX 78576

Contact for pricing

1,227 SF

View details

Auto Care Center with Workshops

1501 Expressway 83, Penitas, TX 78576

$650,000

0.50 Acres

View details

Mixed-Use Property with Drive-Through

513 N Tom Gill Road, Penitas, TX 78576

$2,100,000

9,014 SF

View details

Well-Maintained 6-Plex in Penitas, TX

18202 Washington Palm Drive, Penitas, TX 78576

Contact for pricing

4,536 SF

View details

Similar Off Market Nearby

• Flores Nursery & Floral — 916 Expressway 83, Penitas, TX 78576
• LMB Gifts and Flowers — 100 S Longoria St, Penitas, TX 78576
• Floristeria by EVENTOS ESQUEDA — 619 Tom Gill Rd #4, Penitas, TX 78576

Frequently Asked Questions

What type of property is this?

Storefront property - CO zoning and an existing tenant give this building an established commercial occupancy profile.

Where is this storefront property located?

The property is located at 608 Tom Gill Road Penitas, TX.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: 1,600‑square‑foot storefront building; Currently occupied by a tenant; CO zoning