Flex Facility with Paint
New
For Sale
$1,400,000
951 Falcon Boulevard, San Benito, TX 78586
Office, warehouse, and auxiliary storage areas are arranged within a fenced industrial site.
Property Size9,712 SF
Lot Size1.50 Acres
Price / SF$144.15
Days on Market4
Property Features for 951 Falcon Boulevard
General Information
Standard status
Active
Size
9,712 SF
Total Parking Spaces
26
Lot size
1.50 Acres
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Span
Yes
Currently Operating
Yes
Property Use
Office/Warehouse
Taxes and HOA fees
Annual Taxes
$9,964
Amenities
Storage
Building Details
Building Size
9,712 SF
Year Built
2008
Stories
1
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:52PM
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 JUST REALTY
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Investment Insights
Based on property information with market context.
Located in San Benito Industrial Park, this 2008 flex facility contains office areas, an open warehouse, and separate storage structures. The office buildout includes private offices, a reception area, conference and work space, a break room, and restrooms. The warehouse has clear-span space and a paint booth; the property is currently used by a sign company.
The facility occupies a fenced 1.5-acre site with yard space, covered parking, and multiple access points. Its location offers access to surrounding commercial corridors and regional routes.
The facility occupies a fenced 1.5-acre site with yard space, covered parking, and multiple access points. Its location offers access to surrounding commercial corridors and regional routes.
Key Highlights
- 9,712‑square‑foot facility on a 1.5‑acre fenced site
- Built in 2008
- Office buildout includes private offices, reception, conference/work space, break room, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,077
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,661,540
$1.7M
Cap Rate 7%
$1,186,814
$1.2M
Cap Rate 9%
$923,078
$923.1K
Market Conditions
NOI Build-Up for 9,712 SF
Gross rent
$129.4K $13.32/SF
− Vacancy
−$1.6K −$0.16/SF
EGI
$127.8K $13.16/SF
− OpEx
−$44.7K −$4.61/SF
NOI
$83.1K $8.55/SF
Area
Cameron County, TX
Vacancy
1.20%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,661,540
Cap Rate 7%
$1,186,814
Cap Rate 9%
$923,078
Alternative Uses
Best Use
Flex RnD
$1.19M
$1.04M – $1.38M
NOI $83,077 @ 7.0% cap · market cap 5.93%
Second Best
Warehouse
$788.2K
$689.7K – $919.6K
NOI $55,174 @ 7.0% cap · market cap 3.94%
Theoretical Best
Healthcare Medical
$1.67M
$1.46M – $1.95M
NOI $117,057 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78586, TX
50,135
Population
16,145
Households
3.1
Avg Household Size
32
Median Age
12%
College-Educated
64%
High-School Grad
152.5 sq mi
ZIP Area
329
Density / Sq Mi
$44,158
Median Household Income
$25,906
Median Earnings
$839
Median Rent
$83,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and auxiliary storage areas are arranged within a fenced industrial site.
Where is this flex space located?
The property is located at 951 Falcon Boulevard San Benito, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 9,712‑square‑foot facility on a 1.5‑acre fenced site; Built in 2008; Office buildout includes private offices, reception, conference/work space, break room, and restrooms
