1618 N Veterans Blvd, San Juan, TX 78589
- Strip malls
- 23,700 SF
- 2.49 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1618 N Veterans Blvd
- Year built
- 2005
- Lot size
- 2.49 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- J5700-00-005-0012-00
- APU
- J570000005001200
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 26, 2024 | — | G5 Crossing San Juan LLC | 495 & San Juan Crossing LLC | Deed | $2.2M · Bank Of Houston |
| Oct 11, 2016 | — | 495 & San Juan Crossing LLC | — | Deed · related | $1M · Lone Star Nat'l Bk |
| Oct 7, 2016 | — | 495 & San Juan Crossing LLC | — | Deed · related | $1M · Lone Star Nat'l Bk |
| Sep 2, 2011 | — | 495 & San Juan Crossing LLC | Shuaib,said A & Tawhid A | Grant Deed | $2.1M · Lone Star National Bank |
| — | — | 495 & San Juan Crossing LLC | — | Loan Modification · related | $1.5M · Lone Star Nat'l Bk |
| — | — | 495 & San Juan Crossing LLC | — | Loan Modification · related | $1M · Lone Star Nat'l Bk |
| — | — | 495 & San Juan Crossing LLC | — | Loan Modification · related | $1M · Lone Star Nat'l Bk |
Description
This exceptional 23,700 square foot shopping center in San Juan, Texas, presents a compelling investment opportunity. Built in 2005 on a 2.49-acre lot, the Class B property boasts 16 tenants under a net lease arrangement, generating a substantial net operating income (NOI) of $232,000, representing a 7.25% cap rate. The asking price is $3,200,000, translating to $135.02 per square foot. Located at 1618 N Veterans Blvd, 78589, this single-story building benefits from a high-traffic location, with significant vehicle counts on nearby roadways. Detailed financials are available, including real estate taxes of $70,456, insurance costs of $35,000, and utility and maintenance expenses of $20,000. The property is zoned for general commercial use and offers significant potential for long-term growth in a rapidly expanding community with a projected population of 98,033 within a three-mile radius by 2024. This is a rare chance to acquire a well-established, multi-tenant retail property in a thriving Texas market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $735,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,608,000
Market price range: $917k - $1.77M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,340,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,425,000 Change: +7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1642
- Latitude
- 26.2087
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
