Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32909 State Highway 100 Los Fresnos, TX 78566

    Sponsored
    For Sale
    $2,492,938

    Texas Commercial Property - High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 17.67-acre commercial property, located at 32909 Hwy 100 in Los Fresnos, Texas, presents a significant investment opportunity. The property, currently occupied by Chico's Tire Shop, boasts a prime location on Hwy 100, ensuring high visibility and accessibility. Its strategic placement near a Walmart and future developments guarantees substantial foot traffic and potential for significant growth. The property itself was constructed in 1975 and is classified as Special Purpose. The asking price for this expansive tract is $2,492,938. This presents a rare chance to acquire a substantial parcel of land in a rapidly developing area of Cameron County, Texas, with the potential for diverse commercial uses. The zip code is 78566. The property's coordinates are 26.0732175 latitude and -97.4937309 longitude. The entire 17.67 acres are available for purchase, offering flexibility for large-scale development or expansion. This is an ideal location for businesses seeking high visibility and proximity to established retail and residential areas. The property's strategic location and size make it an attractive investment for both established businesses and new ventures seeking a foothold in a thriving Texas market.

    Property Features for 32909 State Highway 100

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Alma Gonzalez
    Alma Gonzalez

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Fresnos
    County
    CAMERON
    State
    Texas
    Longitude
    -97.4937309
    Latitude
    26.0732175

    Nearby Comparable

    • $3,200,000
      22.57 Acres

      Los Fresnos Land: 22.57 Acres

      Prime Los Fresnos investment opportunity. 22.57 acres near major amenities.
      00 Whipple Rd, Los Fresnos, TX 78566
      View Details
    • $335,000

      Los Fresnos Commercial Building Investment

      Prime Location, Dual-Use Property, Motivated Seller
      318 Arroyo Blvd, Los Fresnos, TX 78566
      View Details
    • $2,250,000
      30 SF

      Prime Development Land in Los Fresnos

      30-acre site ideal for residential or mixed-use development.
      0000 E Ocean Blvd, Los Fresnos, TX 78566
      View Details
    • $293,000

      Bayview, TX 3-Acre Tract

      3-acre tract in Bayview with resaca view.
      3 Resaca Dr, Bayview, TX 78566
      View Details
    • $235,000

      Bayview, TX 2.4-Acre Tract

      2.4-acre tract with resaca view in Bayview, Texas.
      2 Resaca Dr, Bayview, TX 78566
      View Details
    • $363,000

      Bayview, TX Land with Resaca View

      3.7-acre tract with resaca view in Bayview, Texas.
      4 Resaca Dr, Bayview, TX 78566
      View Details

    Nearby Similar for Sale

    • $279,000

      Los Fresnos Farm/AG/Ranch Property

      Quiet country living with available utilities in Los Fresnos.
      31099 Fm 1575, Los Fresnos, TX 78566
      View Details
    • $1,200,000

      Los Fresnos Restaurant - Turnkey Opportunity

      Established Restaurant, Fully Furnished, High Traffic Area
      31230 State Highway 100, Los Fresnos, TX 78566
      View Details
    • $335,000

      Los Fresnos Commercial Building Investment

      Prime Location, Dual-Use Property, Motivated Seller
      318 Arroyo Blvd, Los Fresnos, TX 78566
      View Details

    FAQs

    What type of property is this?
    Specialty property - Texas Commercial Property - High Traffic Area
    Where is this specialty property located?
    The property is located at 32909 State Highway 100 Los Fresnos, TX.
    What is the asking price?
    The asking price for this property is $2,492,938.
    Request Owner's contact information
    32909 State Highway 100 Los Fresnos, TX 78566
    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.
    32909 State Highway 100
    Los Fresnos, TX 78566
    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
    32909 State Highway 100 Los Fresnos, TX 78566
    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!
    Listing Contact
    Alma Gonzalez
    Alma Gonzalez
    Real Estate License ID: TX
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.