Fenced Industrial Warehouse
For Sale
$1,500,000
Pending
Hondo, TX 78861, Hondo, TX 78861
Commercial Sale, Hondo, TX
Property Size23,050 SF
Lot Size4.00 Acres
Days on Market103
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Light Industrial
Security features
Security System
Lot features
Corner Lot
Elementary school
Hondo
Subdivision
87-Medina County
Standard status
Pending
Size
23,050 SF
Lot size
4.00 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
keypad gated entry
Building Details
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Val Verde Realty
Listed By:
James McBee
(830) 703-6454
Added: Jul 12
Changed: Oct 9
Last Checked: Oct 22 at 4:06PM
MLS# 120340
Copyright © 2026 Kerrville Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Light Industrial-zoned property comprises three buildings totaling 23,050 square feet on 4.0 acres. The 14,800-square-foot warehouse includes more than 10,000 square feet of climate-controlled space, approximately 17 tons of cooling, and loading-well access. A separate 1,600-square-foot office building and a 6,650-square-foot open-front equipment building complete the improvements. Two electrically serviced shipping containers are also on site.
A perimeter fence, keypad-controlled entry, and central paved yard serve the property. The vacant portion of the tract can accommodate expansion. The site is on Hondo’s west side, across from a golf course and near the airport, approximately 45 minutes west of San Antonio.
A perimeter fence, keypad-controlled entry, and central paved yard serve the property. The vacant portion of the tract can accommodate expansion. The site is on Hondo’s west side, across from a golf course and near the airport, approximately 45 minutes west of San Antonio.
Key Highlights
- Three buildings totaling 23,050 square feet on 4.0 acres
- 14,800‑square‑foot warehouse with 10,000+/- SF of climate‑controlled space and 17+/- tons
- 1,600‑square‑foot freestanding office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,954
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,759,080
$2.8M
Cap Rate 7%
$1,970,771
$2.0M
Cap Rate 9%
$1,532,822
$1.5M
Market Conditions
NOI Build-Up for 23,050 SF
Gross rent
$207.5K $9.00/SF
− Vacancy
−$10.4K −$0.45/SF
EGI
$197.1K $8.55/SF
− OpEx
−$59.1K −$2.56/SF
NOI
$138.0K $5.98/SF
Area
Medina County, TX
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,759,080
Cap Rate 7%
$1,970,771
Cap Rate 9%
$1,532,822
Alternative Uses
Best Use
Flex RnD
$3.47M
$3.03M – $4.05M
NOI $242,717 @ 7.0% cap · market cap 16.18%
Second Best
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,516 @ 7.0% cap · market cap 11.17%
Theoretical Best
Office A
$5.88M
$5.14M – $6.86M
NOI $411,576 @ 7.0% cap · market cap 27.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78861, TX
13,298
Population
5,163
Households
2.6
Avg Household Size
39
Median Age
17%
College-Educated
82%
High-School Grad
490.7 sq mi
ZIP Area
27
Density / Sq Mi
$64,491
Median Household Income
$39,711
Median Earnings
$1,131
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Three buildings, a paved yard, and controlled gate access form a flexible industrial facility.
Where is this warehouse located?
The property is located at Hondo, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three buildings totaling 23,050 square feet on 4.0 acres; 14,800‑square‑foot warehouse with 10,000+/- SF of climate‑controlled space and 17+/- tons; 1,600‑square‑foot freestanding office building
