Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Encino Commercial Building on 12AC Title is generated by Realmo AI

    6815 US Highway Business 281 Highway, Encino, TX 78353

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial building with frontage on Expressway 281 and old 83.

    Type:Retail, Hospitality, Office, Industrial
    Property size:
    4,222 SF
    Lot size:
    12.00 Acres
    Price / SF:
    $69/SF
    Added:
    May 30, 2024
    Days on Market:
    723
    Last Refresh:
    May 12 at 8:24 pm

    Property Features for 6815 US Highway Business 281 Highway

    General Information

    Standard status
    Active
    Size
    4,222 SF
    Lot size
    12.00 Acres
    Property subtype
    Retail, Hospitality, Office, Industrial

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    dawn elsik

    Listing agent dawn elsik

    Listing office Keller Real Estate Investments

    Listing date May 30, 2024

    Source Crexi

    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 Real Estate Investments

    HighLights

    • Expressway 281 Frontage: Enjoy high visibility and accessibility.
    • 12 AC Frontage: Substantial land area with frontage on both the expressway and old 83.
    • 4222 SF Commercial Building: Existing commercial building suitable for various business purposes.
    • Seller Financing Available: Attractive financing terms with 20% down, 20‑year amortization, 5‑year balloon, and 8% interest.
    • Lease Option: Opportunity to lease the property for $2,500.00 per month.
    • Newer Carpet & Relatively New AC: Benefit from recent updates including newer carpet and air conditioning units approximately 5 years old.

    Overview

    This property features a 4,222-square-foot commercial building situated on 12 acres with frontage on Expressway 281. Formerly a Hop n Shop gas station, the tanks have been removed, but the canopy remains. The building includes newer carpet and air conditioning units that are approximately 5 years old. Owner financing is available with 20% down, a 20-year amortization, a 5-year balloon, and 8% interest. The property is also available for lease at $2,500.00 per month.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Encino
    County
    Brooks
    State
    Texas
    Longitude
    -98.212
    Latitude
    26.9826

    Nearby Similar for Sale

    • $120,000

      Encino, TX 10-Acre Ranchette

      10-acre ranchette in Encino, TX with open pasture.
      153 Carolina, Encino, TX 78353
      View Details
    • $415,000
      3,336 SF

      Restaurant and Convenience Store with Gas

      Restaurant, convenience store, and gas station between Edinburg and Falfurrias.
      7259 S Highway 281, Encino, TX
      View Details

    FAQs

    What type of property is this?
    Gas station - Commercial building with frontage on Expressway 281 and old 83.
    Where is this gas station located?
    The property is located at 6815 US Highway Business 281 Highway Encino, 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: Expressway 281 Frontage: Enjoy **high visibility and accessibility**.; 12 AC Frontage: Substantial land area with frontage on both the expressway and old 83.; 4222 SF Commercial Building: Existing commercial building suitable for various business purposes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    dawn elsik
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6815 US Highway Business 281 Highway, Encino, TX 78353
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!