Highway-Fronted Flex
For Sale
$325,000
612 N Upshaw Blvd, Robstown, TX 78380
Metal flex building with workshop space, private offices, kitchenette, bathroom, and a fenced rear yard.
Property Size2,000 SF
Price / SF$162.50
Days on Market228
Property Features for 612 N Upshaw Blvd
General Information
Standard status
Active
Size
2,000 SF
Listing Agency:
Coldwell Banker Pacesetter Ste
(361) 720-1340
Listed By:
Mary Elizondo · License #0814521
(361) 720-1340
Source:
Exprealty
Added: Jan 15
Changed: Aug 29
Last Checked: Aug 30 at 8:24PM
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 Coldwell Banker Pacesetter Ste
Investment Insights
Based on property information with market context.
This 2,000 SF metal flex building combines functional work space with an office component. Large garage doors open to the workshop, while the finished office area provides four private offices, a kitchenette, and a bathroom. The property also includes a fenced lot with additional space behind the building.
Located at 612 N Upshaw Blvd in Robstown, the site has frontage on Highway 77 and direct highway access. The property is currently tenant-occupied, offering an established commercial setup for an owner-user or an investor. Its combination of workshop, office, and secured exterior space supports a range of business operations without relying on a single-use layout.
Located at 612 N Upshaw Blvd in Robstown, the site has frontage on Highway 77 and direct highway access. The property is currently tenant-occupied, offering an established commercial setup for an owner-user or an investor. Its combination of workshop, office, and secured exterior space supports a range of business operations without relying on a single-use layout.
Key Highlights
- 2,000 SF metal flex building
- Highway 77 frontage with direct access
- Workshop served by large garage doors
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
$9,674
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
2.98%
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%
$193,480
$193.5K
Cap Rate 7%
$138,200
$138.2K
Cap Rate 9%
$107,489
$107.5K
Market Conditions
NOI Build-Up for 2,000 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
$16.3K $8.16/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$14.9K $7.44/SF
− OpEx
−$5.2K −$2.60/SF
NOI
$9.7K $4.84/SF
Area
Nueces County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
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%
$193,480
Cap Rate 7%
$138,200
Cap Rate 9%
$107,489
Alternative Uses
Best Use
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,848 @ 7.0% cap · market cap 44.57%
Second Best
Industrial
$1.70M
$1.49M – $1.99M
NOI $119,287 @ 7.0% cap · market cap 36.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78380, TX
23,386
Population
9,557
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
78%
High-School Grad
342.7 sq mi
ZIP Area
68
Density / Sq Mi
$59,322
Median Household Income
$34,709
Median Earnings
$1,001
Median Rent
$141,900
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 - Metal flex building with workshop space, private offices, kitchenette, bathroom, and a fenced rear yard.
Where is this flex space located?
The property is located at 612 N Upshaw Blvd Robstown, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,000 SF metal flex building; Highway 77 frontage with direct access; Workshop served by large garage doors
