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    The Largest CRE Database in the US with Over 1 Million Listings

    1632 Santa Gertrudis St Kingsville, TX 78363

    Sponsored
    For Sale
    $160,000

    1-Story Office, Income Producing, Great Location

    Property size:
    1,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional investment opportunity presents a 1,552 square foot Class B office building situated in Kingsville, Texas. Built in 1980, the single-story structure is conveniently located at 1632 E Santa Gertrudis St, zip code 78363, in Kleberg County. The property is divided into two distinct halves, offering flexibility for future use. Currently, one half is leased to a dependable, long-term tenant, generating consistent rental income. The building boasts a recently renovated parking lot, significantly improving its aesthetic appeal and ease of access. This well-maintained property represents a compelling investment prospect due to its combination of existing income and potential for future growth. The asking price is $160,000. This traditional office building presents a rare chance to acquire a stable, income-generating asset in a desirable location. The property's solid construction and recent improvements make it an attractive option for both seasoned investors and those seeking a reliable income stream. The existing tenant provides immediate cash flow, minimizing initial investment risk. Don't miss this chance to own a piece of Kingsville's commercial real estate market.

    Property Features for 1632 Santa Gertrudis St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,552 SF
    Class
    B

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Natasha 'Natalia' Muse
    Natasha 'Natalia' Muse

    Learn more

    HighLights

    • 1,552 SF Class B office building in Kingsville, TX.
    • Located at 1632 E Santa Gertrudis St, 78363, Kleberg County.
    • Single‑story building, built in 1980, divided into two halves.
    • One half currently leased, generating consistent income.
    • Recently renovated parking lot.
    • Asking price: $160,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Angels Of God Home ... Home Health Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsville
    County
    Kleberg
    State
    Texas
    Longitude
    -97.843947789951
    Latitude
    27.522967155332

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    FAQs

    What type of property is this?
    Office Property / Space - 1-Story Office, Income Producing, Great Location
    Where is this office property / space located?
    The property is located at 1632 Santa Gertrudis St Kingsville, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 1,552 SF Class B office building in Kingsville, TX.; Located at 1632 E Santa Gertrudis St, 78363, Kleberg County.; Single-story building, built in 1980, divided into two halves.
    Request Owner's contact information
    1632 Santa Gertrudis St Kingsville, TX 78363
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    Kingsville, TX 78363
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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
    1632 Santa Gertrudis St Kingsville, TX 78363
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    We can help!
    Listing Contact
    Natasha 'Natalia' Muse
    Natasha 'Natalia' Muse
    Real Estate License ID: TX 0652601
    Learn more
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