729 W Ocean Blvd Los, Los Fresnos, TX 78566

Building Details

Building Size 9,100 SF More

Year Built 2003 More

Tenancy Single More

Listing Agency: Trinity Real Estate Investment Services

Listed By: Matt Davis · License TX #657251 Show Phone

Source: Thebrokerlist

Added: Aug 8 Changed: Nov 11 Last Checked: Nov 12 at 4:18AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail property is occupied by Dollar General and was built in 2003. The tenant has recently exercised a renewal, reflecting continued occupancy at the site. The lease includes 2 (5) year options with 10% increases in rent.

Located at 729 W Ocean Blvd in Los Fresnos, Texas, the property sits next to a Walmart Supercenter and fronts a retail corridor with daily traffic counts exceeding 20,000. The site is positioned within a growing area with population projections continuing through 2031.

Key Highlights

• Dollar General occupancy with a recently exercised renewal
• Adjacent to a Walmart Supercenter
• Daily traffic counts exceeding 20,000

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,591

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,731,820 $1.7M

Cap Rate 7%

$1,237,014 $1.2M

Cap Rate 9%

$962,122 $962.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,100 SF

Gross rent

$131.0K $14.40/SF

− Vacancy

−$7.3K −$0.81/SF

EGI

$123.7K $13.59/SF

− OpEx

−$37.1K −$4.08/SF

NOI

$86.6K $9.52/SF

Area

Cameron County, TX

Vacancy

5.60%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,731,820

Cap Rate 7%

$1,237,014

Cap Rate 9%

$962,122

Alternative Uses

Best Use

Specialty Retail

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,776 @ 7.0% cap · market cap 9.57%

Second Best

Retail

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,591 @ 7.0% cap · market cap 8.93%

Theoretical Best

Healthcare Medical

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,680 @ 7.0% cap · market cap 11.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

FedEx OnSite Postal Service Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

244

Businesses Nearby

142k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 41% Dining 36% Shops & Services 23% Electronics 1%

Walmart Superstores

57,719 visits/mo 0.2 miles

Whataburger Dining

25,608 visits/mo 0.1 miles

Dollar Tree Shops & Services

14,157 visits/mo 0.2 miles

Stars Drive-In Dining

9,692 visits/mo 0.1 miles

Dollar General Shops & Services

8,548 visits/mo 0.1 miles

Demographics for 78566, TX

23,704

Population

8,275

Households

2.9

Avg Household Size

31

Median Age

20%

College-Educated

73%

High-School Grad

139.0 sq mi

ZIP Area

171

Density / Sq Mi

$64,385

Median Household Income

$36,605

Median Earnings

$863

Median Rent

$138,100

Median Home Value

Market

Average Price Trend$/SF for Retail space in Cameron County, TX

$337 Jul

$580 Aug

$756 Sep

$505 Oct

Properties on Market for Retail space in Cameron County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Adjacent to a Walmart Supercenter within an established retail corridor.

Where is this retail space located?

The property is located at 729 W Ocean Blvd Los Los Fresnos, TX.

What is the asking price?

The asking price for this property is $969,600.

What are key features of this property?

This property features: Dollar General occupancy with a recently exercised renewal; Adjacent to a Walmart Supercenter; Daily traffic counts exceeding 20,000