Industrial Storage
For Sale
$295,000
618 Commerce St, San Benito, TX 78586
Warehouse with a loading dock and 1,800 sqft of storage space, positioned near downtown San Benito.
Property Size1,800 SF
Price / SF$163.89
Days on Market308
Property Features for 618 Commerce St
General Information
Standard status
Active
Size
1,800 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,125
Listing Agency:
Max's Realty
(956) 607-3033
Listed By:
Maximo Saenz
(956) 607-1743
Source:
Exprealty
Added: Nov 3, 2025
Changed: Aug 20
Last Checked: Sep 6 at 3:22PM
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 Max's Realty
Investment Insights
Based on property information with market context.
This warehouse offers dedicated storage space and includes a loading dock, making it suitable for industrial or storage-focused operations. The property is presented as an investment opportunity and is described as ideal for an industrial complex or additional storage.
The asset is located at 618 Commerce St in San Benito, TX, less than one mile from downtown San Benito and about one mile from W Expy 83, providing convenient access to key local routes.
The offering includes a total storage area of 1,800 sqft, with loading dock functionality to support practical loading and unloading needs.
The asset is located at 618 Commerce St in San Benito, TX, less than one mile from downtown San Benito and about one mile from W Expy 83, providing convenient access to key local routes.
The offering includes a total storage area of 1,800 sqft, with loading dock functionality to support practical loading and unloading needs.
Key Highlights
- Warehouse with a loading dock and 1,800 sqft of storage space
- Located less than 1 mile from downtown San Benito
- About 1 mile from W Expy 83
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
$10,226
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
3.47%
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%
$204,520
$204.5K
Cap Rate 7%
$146,086
$146.1K
Cap Rate 9%
$113,622
$113.6K
Market Conditions
NOI Build-Up for 1,800 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
$12.7K $7.08/SF
− Vacancy
−$714 −$0.40/SF
EGI
$12.0K $6.68/SF
− OpEx
−$1.8K −$1.00/SF
NOI
$10.2K $5.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$204,520
Cap Rate 7%
$146,086
Cap Rate 9%
$113,622
Alternative Uses
Best Use
Warehouse
$146.1K
$127.8K – $170.4K
NOI $10,226 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78586, TX
50,135
Population
16,145
Households
3.1
Avg Household Size
32
Median Age
12%
College-Educated
64%
High-School Grad
152.5 sq mi
ZIP Area
329
Density / Sq Mi
$44,158
Median Household Income
$25,906
Median Earnings
$839
Median Rent
$83,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Preferred Self Storage Unit — 261 E Batts St, San Benito, TX 78586
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with a loading dock and 1,800 sqft of storage space, positioned near downtown San Benito.
Where is this warehouse located?
The property is located at 618 Commerce St San Benito, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Warehouse with a loading dock and 1,800 sqft of storage space; Located less than 1 mile from downtown San Benito; About 1 mile from W Expy 83
