Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    908 Tx-359 Mathis, TX 78368

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Mathis location, high-growth area.

    Property Features for 908 Tx-359

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Frank Holdiness
    Frank Holdiness

    Listing Agency: exp realty llc Listing Agent: Frank Holdiness

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2019-built industrial property, situated on a 14,000 sq ft lot in Mathis, Texas (78368), presents a unique investment opportunity. The single-story, 840 sq ft building is ideally located on busy Highway 359, offering excellent visibility and accessibility. Currently zoned for Commercial/Residential use, this versatile property is suitable for a variety of businesses, including distribution, manufacturing, or retail. The property's strategic location within a rapidly growing area, encompassing Nueces and San Patricio Counties, promises significant future potential. The expansive lot size provides ample space for expansion or future development. With its convenient highway access and flexible zoning, this property is poised to capitalize on the region's economic growth. The property's APN is 65968. This is a rare chance to acquire a well-situated industrial property in a thriving Texas market. Don't miss this opportunity to establish your business in a dynamic and promising location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Mathis
    County
    San Patricio
    State
    Texas
    Longitude
    -97.827322
    Latitude
    28.083033

    Nearby Similar for Sale

    • $400,000
      2,080 SF

      Mathis, TX Commercial Opportunity

      5-acre commercial property with shop building and expansion potential.
      900 Loop 459, Mathis, TX 78368
      View Details
    • $329,000
      2,002 SF

      Remodeled Commercial Property in Mathis, TX

      Move-in ready commercial property with office suites in Mathis, Texas.
      812 N Front St, Mathis, TX 78368
      View Details
    • $175,000
      12,930 SF

      Versatile Commercial Building in Mathis, TX

      13,000 sqft commercial building in downtown Mathis, Texas.
      108 E San Patricio Ave, Mathis, TX 78368
      View Details
    • $150,000
      1,100 SF

      Commercial Building on Highway TX-359

      Commercial building with land and residential home on busy highway.
      321 Highway 359, Mathis, TX 78368
      View Details
    • $329,000

      Remodeled Commercial Property in Mathis

      Move-in ready commercial space in Mathis, Texas, with excellent visibility.
      812 N Front St, Mathis, TX 78368
      View Details
    • $150,000

      Prime Location Retail Building

      Retail building in a central location with endless possibilities.
      1404 N State Highway 359, Mathis, TX 78368
      View Details
    • $646,500
      12,930 SF

      Downtown Mathis Office Building

      Versatile 13,000 sqft Office Space
      108 San Patricio Ave, Mathis, TX 78368
      View Details
    • $329,000
      2,002 SF

      Mathis Commercial Property Investment

      Versatile building, prime Mathis location.
      812 Front St, Mathis, TX 78368
      View Details
    • $646,500
      13,000 SF

      Mathis, TX Commercial Gem

      Versatile 13,000 sq ft building, prime location.
      108 San Patricio Ave, Mathis, TX 78368
      View Details
    • $150,000
      1,175 SF

      Commercial Building Near Highway 359

      Commercial building located off Highway 359 in Mathis, Texas.
      1404 N State Highway 359, Mathis, TX 78368
      View Details
    • $329,000
      2,002 SF

      812 Front St, Mathis, TX 78368

      Industrial properties • 2,002 SF
      812 Front St, Mathis, TX 78368
      View Details
    • $120,000
      3,160 SF

      Mathis Industrial Building - Great Location!

      Spacious industrial building, prime Mathis location, updated.
      623 Front St, Mathis, TX 78368
      View Details

    FAQs

    What type of property is this?
    Distribution property - Prime Mathis location, high-growth area.
    Where is this distribution 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: $120,000 asking price.; 2019-built, single-story industrial building.; 14,000 sq ft lot size in Mathis, TX.
    (888) 519-7431 Call to check price and availability
    Request Owner's contact information
    908 Tx-359 Mathis, TX 78368
    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.
    908 Tx-359
    Mathis, TX 78368
    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
    908 Tx-359 Mathis, TX 78368
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Frank Holdiness
    Frank Holdiness
    Real Estate License ID: 0603392
    (888) 519-7431 (361) 876-8866 (888) 883-8509
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!