Downtown Storefront with
For Sale
$135,000
614 S Nebraska Avenue, San Juan, TX 78589
Open-plan commercial space with central air, alley access, and public on-street parking at the front.
Property Size750 SF
Price / SF$180
Days on Market304
Property Features for 614 S Nebraska Avenue
General Information
Standard status
Active
Size
750 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,580
Amenities
large backyard
alley access
public on-street parking
Central Air
Parking. Lot with Trees.
On Street.
Trees. Downtown, City Road, Wooded.
Building Details
Year Built
1987
Listing Agency:
Eric Real Estate Group, Llc
(956) 292-4500
Listed By:
Eric Jimenez
(956) 292-4500
Source:
Xome
Added: Nov 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:01PM
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 Eric Real Estate Group, Llc
Investment Insights
Based on property information with market context.
At 750 square feet, this storefront property offers an open interior layout with central air. The configuration supports office use, retail, boutique services, or a small studio, subject to the applicable requirements for the chosen use. Built in 1987, the building provides a straightforward commercial footprint for customization.
A backyard adds usable exterior space, while existing alley access supports potential fencing, outdoor operations, or conversion to private parking. Public on-street parking is available in front of the property. The storefront is in downtown San Juan, near City Hall and on a city road.
A backyard adds usable exterior space, while existing alley access supports potential fencing, outdoor operations, or conversion to private parking. Public on-street parking is available in front of the property. The storefront is in downtown San Juan, near City Hall and on a city road.
Key Highlights
- 750 square feet of open commercial space
- Central air included
- Backyard with alley access
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
$10,127
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
7.50%
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%
$202,540
$202.5K
Cap Rate 7%
$144,671
$144.7K
Cap Rate 9%
$112,522
$112.5K
Market Conditions
NOI Build-Up for 750 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
$15.4K $20.52/SF
− Vacancy
−$923 −$1.23/SF
EGI
$14.5K $19.29/SF
− OpEx
−$4.3K −$5.79/SF
NOI
$10.1K $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%
$202,540
Cap Rate 7%
$144,671
Cap Rate 9%
$112,522
Alternative Uses
Best Use
Office B
$179.2K
$156.8K – $209.1K
NOI $12,545 @ 7.0% cap · market cap 9.29%
Second Best
Retail
$144.7K
$126.6K – $168.8K
NOI $10,127 @ 7.0% cap · market cap 7.50%
Theoretical Best
Hotel Hospitality
$564.9K
$494.3K – $659.1K
NOI $39,544 @ 7.0% cap · market cap 29.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with central air, alley access, and public on-street parking at the front.
Where is this storefront property located?
The property is located at 614 S Nebraska Avenue San Juan, TX.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 750 square feet of open commercial space; Central air included; Backyard with alley access
