Automotive Service
For Sale
$210,000
890 Milam Street, San Benito, TX 78586
Property currently operating as a muffler shop, offering a functional setup for automotive repair or exhaust service.
Property Size1,500 SF
Price / SF$140
Days on Market44
Property Features for 890 Milam Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,796
Amenities
Parking.
4 Parking Spaces. On Street.
City Road, State Road.
Building Details
Year Built
1993
Listing Agency:
(956) 577-4028
Listed By:
Keller Williams Lrgv
(956) 577-4028
Source:
Xome
Added: Jul 1
Changed: Aug 12
Last Checked: Aug 13 at 4:13AM
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 Keller Williams Lrgv
Investment Insights
Based on property information with market context.
This property is currently operating as a muffler shop and is set up for automotive repair and exhaust-related service. The functional layout is suited to continue the existing use or support other commercial uses, depending on an operator’s needs.
The site is located at 890 N Milam Street in San Benito, Texas. It is offered for sale and includes the opportunity to acquire a working automotive business property with an established service configuration.
With approximately 1,500 square feet of space, the property provides a practical footprint for an automotive-focused operation.
The site is located at 890 N Milam Street in San Benito, Texas. It is offered for sale and includes the opportunity to acquire a working automotive business property with an established service configuration.
With approximately 1,500 square feet of space, the property provides a practical footprint for an automotive-focused operation.
Key Highlights
- Currently operating as a muffler shop with a functional setup for automotive repair or exhaust service
- Year built: 1993
- 4 parking spaces plus on‑street parking
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
$14,273
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
6.80%
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%
$285,460
$285.5K
Cap Rate 7%
$203,900
$203.9K
Cap Rate 9%
$158,589
$158.6K
Market Conditions
NOI Build-Up for 1,500 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
$21.6K $14.40/SF
− Vacancy
−$1.2K −$0.81/SF
EGI
$20.4K $13.59/SF
− OpEx
−$6.1K −$4.08/SF
NOI
$14.3K $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 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%
$285,460
Cap Rate 7%
$203,900
Cap Rate 9%
$158,589
Alternative Uses
Best Use
Retail
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 6.80%
Second Best
Industrial
$100.3K
$87.7K – $117.0K
NOI $7,018 @ 7.0% cap · market cap 3.34%
Theoretical Best
Healthcare Medical
$258.3K
$226.0K – $301.3K
NOI $18,079 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
135k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 23%
Electronics 4%
McDonald's
Dining
39,874 visits/mo
0.4 miles
Starbucks
Dining
25,563 visits/mo
0.5 miles
Jack in the Box
Dining
18,757 visits/mo
0.4 miles
Burger King
Dining
11,682 visits/mo
0.4 miles
Circle K
Shops & Services
9,249 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mecanica Express — San Benito, TX 78586
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- Mendez Tire Shop — 1001 E Stenger St, San Benito, TX 78586
- La Hormiga tire shop #4 — 101-199 E Brooks St, San Benito, TX 78586
- Hermanos Tire Services — 88-5270-0110-0601, 00, San Benito, TX 78586
Frequently Asked Questions
What type of property is this?
Auto shop - Property currently operating as a muffler shop, offering a functional setup for automotive repair or exhaust service.
Where is this auto shop located?
The property is located at 890 Milam Street San Benito, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Currently operating as a muffler shop with a functional setup for automotive repair or exhaust service; Year built: 1993; 4 parking spaces plus on‑street parking
