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    1151 Us Highway 90 Castroville, TX 78009

    • Retail properties
    • 40,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subway / Takeout Restaurant / Restaurant

    Property Details for 1151 Us Highway 90

    Property size
    40,000 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    Alsatian Oaks, located at 1151 US-90 in Castroville, Texas, 78009, offers a unique opportunity for businesses seeking flexible and versatile commercial space. This multi-tenant property boasts a total of 40,000 square feet, encompassing retail, medical office, and traditional office spaces. Currently, there are 6 suites in total, with a significant 48,785 square feet of vacant space available for lease. The minimum divisible space is 2,100 square feet, while the maximum contiguous space available is 30,000 square feet. Five individual spaces ranging from 1,200 to 4,000 square feet are immediately available for lease. The property sits on a substantial lot ranging from 80 to 420 acres, providing ample space and potential for future expansion. Outparcel build-to-suit options are also available, catering to specific business needs and requirements. This prime location in Castroville offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses. Contact us today to learn more about leasing opportunities at Alsatian Oaks and to discuss your specific space requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Castroville
    County
    Medina
    State
    Texas
    Longitude
    -98.9061
    Latitude
    29.3492

    Comparable in this City

    • Value Estimation by Request

      2439 Us-90

      Office space
      2439 Us-90, Castroville, TX 78009
      View Details
    • Value Estimation by Request
      1,152 SF

      1740 Us-90

      Office Properties & Spaces • 1,152 SF
      1740 Us-90, Castroville, TX 78009
      View Details
    • Value Estimation by Request
      4,955 SF

      408 Us-90

      Neighborhood centers • 4,955 SF
      408 Us-90, Castroville, TX 78009
      View Details
    • Value Estimation by Request
      39,668 SF

      90 & Fm 471

      Retail properties • 39,668 SF
      90 & Fm 471, Castroville, TX 78009
      View Details
    • Value Estimation by Request

      Lower Lacoste Rd

      Land
      0 Lower Lacoste Rd, Castroville, TX 78009
      View Details
    • Value Estimation
      $260,000
      2,720 SF

      Castroville, TX 78009

      COMMERCIAL (GENERAL) • 2,720 SF
      Castroville, TX 78009
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Castroville Office in Old Town

      Move-in ready, renovated office space in historic Old Town Square.
      1313 Lorenzo St, Castroville, TX 78009
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      Office Warehouse Building For Sale

      Office warehouse building with attached warehouses and apartment.
      2780 Fm 471, Castroville, TX 78009
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      209.98 Acres

      Highway 90 Commercial Land Tract

      Prime Castroville land, Hwy 90 frontage.
      0 County Road 4712, Castroville, TX 78009
      View Details
    • $786,000
      12.09 Acres

      00 HWY 90 W

      Land • 12.09 Acres
      0 Us Highway 90, Castroville, TX 78009
      View Details
    • Contact for pricing

      Castroville Commercial Land Opportunity

      Recreational Land, Medina River Frontage
      0 Lower Lacoste Rd, Castroville, TX 78009
      View Details
    • Contact for pricing
      285.00 Acres

      Castroville Commercial Land - 260 Acres

      Prime Texas acreage, Hwy 90 frontage, development potential.
      1005 And Kempf Ln, Castroville, TX 78009
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    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Alsatian Oaks: Castroville Medical Office Space

      Prime Castroville medical & office suites available. Multiple sizes, build-to-suit options.
      1151 Us Highway 90, Castroville, TX 78009
      View Details
    • $26 SF/Yr
      1,152 SF

      Hwy 90 Commercial Property Investment

      1,152 sq ft Office/Retail on 1.38 Acres
      1740 Us Highway 90, Castroville, TX 78009
      View Details
    • Contact for pricing
      39,668 SF

      Castroville Retail Center - Hwy 90

      High-traffic retail space, Castroville, TX
      90 & Fm 471, Castroville, TX 78009
      View Details
    • Contact for pricing
      10,532 SF

      Castroville Retail Space For Lease

      High-visibility retail space on US Highway 90 in Castroville.
      1726 Us Highway 90 E, Castroville, TX 78009
      View Details
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    1151 Us Highway 90
    Castroville, TX 78009
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    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
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