Building Details

Year Built 2014

Buildings 2

Listing Agency: Cravey Real Estate Services Inc

Listed By: John Foret · License #TX 748161 Show Phone

Source: Crexi

Added: May 11, 2021 Changed: Oct 7 Last Checked: Oct 16 at 6:00AM

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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 Cravey Real Estate Services Inc

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Investment Insights

Based on property information with market context.

This property features a 3,600 square foot warehouse (60' x 60') with a 16' x 12' overhead door and a 20' clear height, alongside move-in ready living quarters. The property has 1,877.70' of road frontage and includes a water well and a covered wash rack measuring 20' x 60'. The location provides excellent access to IH 37. This setup is suitable for entrepreneurs, investors, or those seeking a flexible live/work space. The expansive warehouse offers ample space for storage, manufacturing, or distribution, adaptable to a wide range of commercial uses. The comfortable living quarters are perfect for on-site management, staff housing, or personal use. This property offers potential for expanding a business, starting a new venture, or creating a unique live/work setup.

Key Highlights

• 3,600 sq/ft warehouse featuring a 16' x 12' OHD and 20' clear height, ideal for various commercial applications.
• Benefit from 1,877.70' of road frontage, offering excellent visibility and access.
• Move‑in ready living quarters are available, perfect for on‑site management or as a personal residence.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,574

Cap Rate

4.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$931,480 $931.5K

Cap Rate 7%

$665,343 $665.3K

Cap Rate 9%

$517,489 $517.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$85.5K $23.76/SF

− Vacancy

−$23.4K −$6.51/SF

EGI

$62.1K $17.25/SF

− OpEx

−$15.5K −$4.31/SF

NOI

$46.6K $12.94/SF

Area

San Patricio County, TX

Vacancy

27.40%

Lease Rate

$23.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$931,480

Cap Rate 7%

$665,343

Cap Rate 9%

$517,489

Alternative Uses

Best Use

Office B

$665.3K

$582.2K – $776.2K (±1% cap)

NOI $46,574 @ 7.0% cap · market cap 4.70%

Second Best

Mixed Use

$520.7K

$455.6K – $607.5K (±1% cap)

NOI $36,450 @ 7.0% cap · market cap 3.68%

Theoretical Best

Hotel Hospitality

$1.85M

$1.62M – $2.15M (±1% cap)

NOI $129,276 @ 7.0% cap · market cap 13.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Live-work space

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 78370, TX

4,746

Population

1,790

Households

2.7

Avg Household Size

41

Median Age

13%

College-Educated

82%

High-School Grad

110.1 sq mi

ZIP Area

43

Density / Sq Mi

$69,327

Median Household Income

$37,924

Median Earnings

$1,132

Median Rent

$190,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Spacious warehouse with comfortable living quarters and IH 37 access.

Where is this mixed-use property located?

The property is located at 4908 IH 37 Edroy, TX.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: 3,600 sq/ft warehouse featuring a 16' x 12' OHD and 20' clear height, ideal for various commercial applications.; Benefit from 1,877.70' of road frontage, offering excellent visibility and access.; Move‑in ready living quarters are available, perfect for on‑site management or as a personal residence.