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    601 San Patricio Ave Mathis, TX 78358

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    For Lease
    Contact for pricing

    7,800 SF Executive Office Space near HEB

    Lot size:
    35,887 SF

    Property Features for 601 San Patricio Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,887 SF
    Total Rate
    14952.92

    Building Details

    Buildings
    1

    Spaces For Lease

    at 601 San Patricio Ave, Mathis, TX 78358 Contact us
    Unit

    $5 /Mo

    Size
    7,800 SF
    Contact us

    We can help!

    Listing Contact
    Lynann Pinkham
    Lynann Pinkham

    Listing Agency: Cravey Real Estate Services, Inc. Listing Agent: Lynann Pinkham

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 7,800 square foot retail space, formerly occupied by Family Dollar, is available for lease in Mathis, Texas. Located at 601-619 E San Patricio Ave, this property boasts excellent visibility and accessibility on a main street. The space offers ample room with dimensions of 60 feet wide by 130 feet deep, ideal for a variety of executive office or retail uses. The building itself comprises 35,887 square feet and is situated in Aransas County, Texas, zip code 78358. The lease rate is $5.00 per square foot per year, NNN. This single-building property offers a prime opportunity for businesses seeking a prominent location near a major retailer, HEB. The property is classified as both retail and office space, specifically categorized as executive office and storefront, and is suitable for multiple tenants. The convenient location in Mathis, TX, ensures high visibility and easy access for customers and employees. This space presents a unique chance to establish a thriving business in a high-traffic area. The property is situated near the intersection of E San Patricio Ave and Mathis San Patricio. Don't miss this opportunity to secure a well-positioned commercial space in a growing Texas market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mathis
    County
    Aransas
    State
    Texas
    Longitude
    -97.8229433
    Latitude
    28.0912013

    Nearby Similar for Lease

    • Contact for pricing
      70,000 SF

      6291 S Interstate Hwy 37, Mathis, TX

      Truck terminals • 70,000 SF
      6291 S Interstate Highway 37, Mathis, TX 78368
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 7,800 SF Executive Office Space near HEB
    Where is this individual retail property located?
    The property is located at 601 San Patricio Ave Mathis, TX.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 7,800 SF retail space available for lease in Mathis, TX.; Located at 601-619 E San Patricio Ave, offering excellent visibility and accessibility.; 60' x 130' space, suitable for retail or executive office use.
    (361) 288-3102 Call to check price and availability
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    601 San Patricio Ave Mathis, TX 78358
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    Mathis, TX 78358
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    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
    601 San Patricio Ave Mathis, TX 78358
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lynann Pinkham
    Lynann Pinkham
    Real Estate License ID: 319336
    (361) 288-3102 (361) 815-2155 (361) 289-5168
    Learn more
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