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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1618 N Veterans Blvd, Unit J San Juan, TX 78589

    • Strip malls
    • 23,700 SF
    • 2.49 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $1,170,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3044504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 1618 N Veterans Blvd

    Year built
    2005
    Lot size
    2.49 lot acres
    Property size
    23,700 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    J5700-00-005-0012-00
    APU
    J570000005001200

    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

    based on Realmo’s proprietary methodology

    • 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 valuation — 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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $67,922
    $1,518,502
    $939,071
    $2,457,573
    -
    $1,518,502
    $939,071
    $2,457,573

    Comparable in this City

    • Value Estimation by Request
      8,804 SF

      101 Nebraska Ave, Unit 123

      SHOPPING CENTER, STRIP CENTER • 8,804 SF
      101 Nebraska Ave, San Juan, TX 78589-3087
      View Details
    • Value Estimation by Request
      6,000 SF

      5201 Raul Longoria Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      5201 Raul Longoria Rd, San Juan, TX 78589-4797
      View Details
    • Value Estimation by Request
      9,393 SF

      1800 Raul Longoria Rd

      SHOPPING CENTER, STRIP CENTER • 9,393 SF
      1800 Raul Longoria Rd, San Juan, TX 78589-3400
      View Details
    • Value Estimation by Request
      3,885 SF

      2012 Raul Longoria Rd

      SHOPPING CENTER, STRIP CENTER • 3,885 SF
      2012 Raul Longoria Rd, San Juan, TX 78589-3467
      View Details
    • Value Estimation by Request
      9,331 SF

      302 Us Hwy 83

      SHOPPING CENTER, STRIP CENTER • 9,331 SF
      302 Us Hwy 83, San Juan, TX 78589-2900
      View Details
    • Value Estimation by Request
      12,409 SF

      100 Us Hwy 83

      SHOPPING CENTER, STRIP CENTER • 12,409 SF
      100 Us Hwy 83, San Juan, TX 78589-2602
      View Details

    Similar Nearby for Sale

    • New
      $478,000
      5.17 Acres

      San Juan Commercial Land Opportunity

      Prime commercial land in rapidly growing San Juan, Texas.
      701 E Sgt. Leonel Trevino Rd, San Juan, TX 78589
      View Details
    • $590,000
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      San Juan Commercial Plaza

      Well-maintained commercial plaza with mixed-use units in high-traffic location.
      2012 N Raul Longoria Rd, San Juan, TX 78589
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      San Juan Commercial Plaza

      High-traffic commercial plaza with 12 suites in San Juan.
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    • $805,860
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      San Juan Commercial Lot For Sale

      High-exposure commercial lot suitable for various retail developments.
      San Juan, TX 78589
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    • $5,500,000
      21,000 SF

      San Juan Commercial Plaza

      High-traffic commercial plaza with 18 suites on 2.46 acres.
      205 W Nolana Loop, San Juan, TX 78589
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    • $1,180,000
      0.62 Acres

      San Juan Commercial Investment Property

      High-traffic corner lot with existing leases and food park potential.
      101 Alta St, San Juan, TX 78589
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    Similar Nearby for Lease

    • $15 SF/Yr
      23,700 SF

      San Juan Retail/Office Space

      1,250 SF space in a high-visibility San Juan plaza.
      1618 N Veterans Blvd, San Juan, TX 78589
      View Details
    • $0.04 SF/Yr
      5,517 SF

      Retail Plaza on Raul Longoria

      Retail suites and turnkey restaurant space available for lease.
      1801 N Raul Longoria Rd, San Juan, TX 78589
      View Details
    • $15 SF/Yr
      23,700 SF

      Retail/Office Space in San Juan

      1250 SF space in a high-visibility shopping center.
      1618 N Veterans Blvd, San Juan, TX 78589
      View Details
    • $230 SF/Yr
      26 SF

      San Juan Food Truck Park Land

      Prime San Juan location, 4.44 acres, 9 spaces.
      00 Raul Longoria Rd, San Juan, TX 78589
      View Details
    • $230 SF/Yr
      26 SF

      San Juan Food Truck Park Land

      Prime Food Truck Location, Texas
      00 Raul Longoria Rd, San Juan, TX 78589
      View Details
    • Contact for pricing
      20,891 SF

      Shops at Chavez: San Juan Retail

      Prime San Juan retail space, multiple units available.
      501 Cesar Chavez Rd, San Juan, TX 78589
      View Details
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    San Juan, TX 78589
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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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