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

    37 & Sh 188 Sinton, TX 78368

    Sponsored
    For Sale
    Contact for pricing

    Texas Commercial Land - High Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    426
    This exceptional 8.99-acre commercial land parcel boasts a hard corner location at the intersection of IH 37 and SH 188 in Mathis, Texas, zip code 78368. Its strategic position connects the communities of Rockport and Sinton to San Antonio, making it ideal for businesses catering to high-traffic volumes. The property is conveniently located 32 miles from Corpus Christi, 112 miles from San Antonio, 50 miles from Rockport, 83 miles from Victoria, and 205 miles from Houston, ensuring excellent accessibility for both local and regional clientele. Existing infrastructure includes readily available electricity. The site's high visibility and substantial acreage present a unique opportunity for a variety of commercial developments, particularly a travel center given its proximity to major highways and its strategic location along a well-traveled route. This property offers significant potential for investors seeking a high-impact commercial investment in a rapidly growing area of Texas. Detailed site surveys and utility information are available upon request. The property is classified as commercial land and is ready for development. The coordinates are 28.05593 latitude and -97.77086 longitude.

    Property Features for 37 & Sh 188

    General Information

    Property type
    Land
    Lot Size
    391,604 SF

    We can help!

    Listing Contact
    John Foret
    John Foret

    Learn more

    HighLights

    • 8.99‑acre commercial land parcel in Mathis, TX (78368).
    • Hard corner location at IH 37 and SH 188 intersection.
    • High‑traffic location connecting Rockport, Sinton, and San Antonio.
    • Excellent accessibility: 32 miles from Corpus Christi, 112 miles from San Antonio.
    • Available utilities including electricity.
    • High visibility and suitable for various commercial developments, including a travel center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sinton
    County
    San Patricio
    State
    Texas
    Longitude
    -97.77086
    Latitude
    28.05593

    Nearby Similar for Sale

    • $349,900
      10.00 Acres

      Sinton Land with Income Potential

      10-acre property with RV pads and grazing land near Sinton.
      9223 County Road 2249, Sinton, TX 78387
      View Details
    • $350,000
      5,612 SF

      Sinton Commercial Space Opportunity

      Commercial space in central Sinton, suitable for various business ventures.
      305 E Sinton St, Sinton, TX 78387
      View Details
    • New
      $249,900
      3,050 SF

      Historic Sinton Office Building

      Spacious two-story office building in a prime corner location.
      201 E Sinton St, Sinton, TX 78387
      View Details
    • New
      $334,900
      1,260 SF

      Restaurant with Drive-Thru on Highway

      Commercial property with drive-thru, ideal for restaurant or retail.
      400 S San Patricio St, Sinton, TX 78387
      View Details
    • $229,900
      2,250 SF

      Sinton Commercial Building with Potential

      Commercial building in Sinton, TX, with endless possibilities.
      519 Ave, Sinton, TX 78387
      View Details
    • $60,000
      1.00 Acre

      Acre Lot with Mobile Home

      One-acre lot with fixer-upper mobile home near Sinton amenities.
      12795 County Road 1296, Sinton, TX 78387
      View Details
    • New
      $154,900
      1,920 SF

      Sinton Commercial Property For Sale

      1,920 SF commercial property in high-visibility Sinton location.
      212 E Market St, Sinton, TX 78387
      View Details
    • $199,900
      2,016 SF

      Sinton Commercial/Residential Investment Opportunity

      Commercial property with residential house and highway access, generating income.
      14263 N Us Highway 181, Sinton, TX 78387
      View Details
    • New
      $122,000
      1,525 SF

      Commercial Building in High-Visibility Area

      1,525 square foot commercial building with investment potential.
      214 E Market St, Sinton, TX 78387
      View Details
    • $1,400,000
      14,288 SF

      Sinton, TX Investment Opportunity

      Leased to Texas Health and Human Services Department, renewing every 5 years.
      1115 E Sinton St, Sinton, TX 78387
      View Details
    • $119,000
      384 SF

      Sinton, TX Commercial Property

      Commercial property in Sinton, TX with development potential.
      100 E Main St, Sinton, TX 78387
      View Details
    • $85,000
      4.00 Acres

      Sinton, TX 4-Acre Farmland

      4-acre farmland perfect for building a dream home or hobby farm.
      County Road 2395, Sinton, TX 78387
      View Details

    FAQs

    What type of property is this?
    Land - Texas Commercial Land - High Traffic Location
    Where is this land located?
    The property is located at 37 & Sh 188 Sinton, TX.
    What are key features of this property?
    This property features: 8.99-acre commercial land parcel in Mathis, TX (78368).; Hard corner location at IH 37 and SH 188 intersection.; High-traffic location connecting Rockport, Sinton, and San Antonio.
    (361) 944-4179
    Request Owner's contact information
    37 & Sh 188 Sinton, TX 78368
    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.
    37 & Sh 188
    Sinton, TX 78368
    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
    37 & Sh 188 Sinton, TX 78368
    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
    John Foret
    John Foret
    Real Estate License ID: 748161
    (361) 944-4179
    Learn more
    Google sign-in failed. Please try again or use another login method.