C-2 Live-Work
For Sale
$155,000
990 N Dick Dowling St., San Benito, TX 78586
Updated commercial property with residential-style rooms, two lots, and room for parking or future expansion.
Property Size1,040 SF
Price / SF$149.04
Days on Market175
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Property Features for 990 N Dick Dowling St.
General Information
Standard status
Active
Size
1,040 SF
Building Details
Year Built
1946
Listing Agency:
V.I.P. REALTY
Listed By:
VELMA DE LOS SANTOS · License #36_106
(956) 399-7777
Source:
Accessrealtyrgv
Added: Apr 24
Changed: Oct 6
Last Checked: Oct 7 at 2:53PM
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 V.I.P. REALTY
Investment Insights
Based on property information with market context.
This 1,040-square-foot live-work property was built in 1946 and has been updated. Originally constructed as a residence, the building includes three bedrooms and two bathrooms, providing a room-based layout that may accommodate office or live-work use. The property is zoned C-2 Commercial General Retail and fronts a city road.
The offering includes two lots, providing additional site area for parking or expansion. The existing building and commercial zoning support consideration of both business occupancy and combined live-work use, subject to applicable requirements.
The offering includes two lots, providing additional site area for parking or expansion. The existing building and commercial zoning support consideration of both business occupancy and combined live-work use, subject to applicable requirements.
Key Highlights
- 1,040‑square‑foot building built in 1946
- Originally configured as a 3‑bedroom, 2‑bath residence
- C‑2 Commercial General Retail zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,530
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,600
$210.6K
Cap Rate 7%
$150,429
$150.4K
Cap Rate 9%
$117,000
$117.0K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$18.7K $18.00/SF
− Vacancy
−$1.9K −$1.80/SF
EGI
$16.8K $16.20/SF
− OpEx
−$6.3K −$6.07/SF
NOI
$10.5K $10.13/SF
Area
Cameron County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,600
Cap Rate 7%
$150,429
Cap Rate 9%
$117,000
Alternative Uses
Best Use
Mixed Use
$150.4K
$131.6K – $175.5K
NOI $10,530 @ 7.0% cap · market cap 6.79%
Second Best
Office B
$136.4K
$119.3K – $159.1K
NOI $9,547 @ 7.0% cap · market cap 6.16%
Theoretical Best
Healthcare Medical
$179.1K
$156.7K – $208.9K
NOI $12,535 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Updated commercial property with residential-style rooms, two lots, and room for parking or future expansion.
Where is this live-work space located?
The property is located at 990 N Dick Dowling St. San Benito, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 1,040‑square‑foot building built in 1946; Originally configured as a 3‑bedroom, 2‑bath residence; C‑2 Commercial General Retail zoning
