Tenant-Occupied Storefront
For Sale
$390,000
608 Tom Gill Road, Penitas, TX 78576
Existing tenancy, central air, paved parking, and accessible entry support continued commercial use.
Property Size1,600 SF
Price / SF$243.75
Days on Market10
Property Features for 608 Tom Gill Road
General Information
Standard status
Active
Size
1,600 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$5,417
Amenities
Central Air, Electric
26 Parking Spaces. Paved Driveway.
Handicapped Access. City Road.
Building Details
Year Built
2005
Listing Agency:
Big Realty
(956) 655-1572
Listed By:
Juan C Salas
(956) 655-1572
Source:
Xome
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 5:03AM
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 Big Realty
Investment Insights
Based on property information with market context.
This 1,600-square-foot storefront property was built in 2005 and is currently occupied by a tenant. The building includes central air and electric service, with handicapped access for visitors and occupants.
The property fronts Tom Gill Road in Peñitas and provides access to I-2/Expressway 83. Site improvements include a paved driveway and 26 parking spaces. Showings are available by appointment and should be coordinated without disturbing the tenant.
The property fronts Tom Gill Road in Peñitas and provides access to I-2/Expressway 83. Site improvements include a paved driveway and 26 parking spaces. Showings are available by appointment and should be coordinated without disturbing the tenant.
Key Highlights
- 1,600‑square‑foot storefront property built in 2005
- Currently occupied by a tenant
- 26 parking spaces with paved driveway
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
$21,603
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
5.54%
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%
$432,060
$432.1K
Cap Rate 7%
$308,614
$308.6K
Cap Rate 9%
$240,033
$240.0K
Market Conditions
NOI Build-Up for 1,600 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
$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 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%
$432,060
Cap Rate 7%
$308,614
Cap Rate 9%
$240,033
Alternative Uses
Best Use
Retail
$308.6K
$270.0K – $360.1K
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
NOI $84,360 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Existing tenancy, central air, paved parking, and accessible entry support continued commercial use.
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 property built in 2005; Currently occupied by a tenant; 26 parking spaces with paved driveway
