Mixed-Use Property with Metal
708 N Teel, Devine, TX 78016
For Sale
$400,000
Two additional residences provide residential space alongside the commercial building and acreage.
Property Size1,500 SF
Lot Size3.50 Acres
Price / SF$266.67
Days on Market19
Property Features for 708 N Teel
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Outdoor Storage
Drive-In Doors
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Morales Realty, LLC
(830) 665-2899
Listed By:
Cynthia Morales
(210) 218-6530
Source:
Pioneerrealtypartners
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 10 at 8:20AM
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 Morales Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,500-square-foot metal building constructed in 1988, with three overhead doors for vehicle and equipment access. The site also contains two homes, each with two bedrooms, two full bathrooms and bonus space. The property is offered in as-is condition.
The 708 N Teel address places the property in downtown Devine, Texas. More than 3.5 acres provide land associated with the existing buildings.
The 708 N Teel address places the property in downtown Devine, Texas. More than 3.5 acres provide land associated with the existing buildings.
Key Highlights
- More than 3.5 acres in downtown Devine
- 1,500‑square‑foot metal building built in 1988
- Three overhead doors for vehicle or equipment access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,800
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,000
$396.0K
Cap Rate 7%
$282,857
$282.9K
Cap Rate 9%
$220,000
$220.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$36.0K $24.00/SF
− Vacancy
−$4.3K −$2.88/SF
EGI
$31.7K $21.12/SF
− OpEx
−$11.9K −$7.92/SF
NOI
$19.8K $13.20/SF
Area
Medina County, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,000
Cap Rate 7%
$282,857
Cap Rate 9%
$220,000
Alternative Uses
Best Use
Mixed Use
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 4.95%
Second Best
Warehouse
$148.8K
$130.2K – $173.7K
NOI $10,419 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$382.6K
$334.8K – $446.4K
NOI $26,784 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 78016, TX
10,530
Population
4,281
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
158.3 sq mi
ZIP Area
67
Density / Sq Mi
$57,609
Median Household Income
$36,769
Median Earnings
$739
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two additional residences provide residential space alongside the commercial building and acreage.
Where is this mixed-use property located?
The property is located at 708 N Teel Devine, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: More than 3.5 acres in downtown Devine; 1,500‑square‑foot metal building built in 1988; Three overhead doors for vehicle or equipment access
