Highway Frontage Commercial
908 TX-359 Mathis, TX 78368
908 TX-359, Mathis, TX, 78368
Contact for pricing
For Sale
Contact for pricing
Newer commercial building on a high-traffic highway.
Property Size840 SF
Lot Size0.32 Acres
Price / SF$142.86
Days on Market585
Property Features for 908 TX-359
General Information
- Standard status
- Active
- Size
- 840 SF
- Lot size
- 0.32 Acres
- Property subtype
- Industrial, Mixed Use, Retail
Building Details
- Year Built
- 2019
Listing Agency
Exp Realty
(888) 519-7431
Listed by
Frank Holdiness · License #0603392
Source
Crexi
Added: Dec 10, 2024 Checked: Jul 17 at 9:10 am
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 Exp Realty
Investment Insights
Based on property information with market context.
Located on Highway 359, this property includes a building constructed in 2021 with 840 square feet of space. Situated on two lots totaling 0.32 acres, the property is suitable for various uses, including retail, warehouse, or residential purposes with rezoning. The surrounding area is experiencing growth in Nueces and San Patricio Counties, particularly in Mathis, with increasing industry, workers, and business activity.
Key Highlights
- Located on busy HWY 359, providing high visibility and accessibility.
- Situated in Mathis, a town experiencing significant growth and industry influx.
- Built in 2019/2021, indicating a relatively new construction.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.1k | $18.00 |
| − Vacancy | −$1.5k | −$1.80 |
| EGI | $13.6k | $16.20 |
| − OpEx | −$5.1k | −$6.07 |
| NOI | $8.5k | $10.13 |
840 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$121.5K
$106.3K – $141.8K
NOI $8,505 @ 7.0% cap · market cap 7.09%
Second Best
Warehouse
$79.7K
$69.7K – $93.0K
NOI $5,578 @ 7.0% cap · market cap 4.65%
Theoretical Best
Hotel Hospitality
$430.9K
$377.1K – $502.7K
NOI $30,164 @ 7.0% cap · market cap 25.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Newer commercial building on a high-traffic highway.
Where is this mixed-use property located?
The property is located at 908 TX-359 Mathis, TX.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Located on busy HWY 359, providing **high visibility and accessibility**.; Situated in Mathis, a town experiencing significant growth and industry influx.; Built in 2019/2021, indicating a relatively new construction.
