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    720 Kenedy Ave Kingsville, TX 78363

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    720 Kenedy Ave Kingsville, TX 78363

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    • Commercial real estate
    • 10,478 SF
    Off-Market
    Property ID
    US82-8781617
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 720 Kenedy Ave

    Year built
    1950
    Property size
    10,478 SF
    Property type
    Commercial real estate
    APN
    12423

    Description

    This exceptional investment opportunity presents a 14-unit apartment building located at 720 W Kenedy Ave, Kingsville, TX 78363. The property, situated on a 24,508 sq ft lot (APN 12423), comprises two, two-story buildings totaling 10,478 square feet. Built in 1950 and extensively renovated in 2023 and 2024, this Class B multifamily property offers a mix of 8 two-bedroom/one-bathroom and 6 one-bedroom/one-bathroom units. Each unit boasts modern amenities following recent renovations. The property features ample parking and convenient on-site coin-operated laundry facilities. Currently zoned for commercial use, this property is ideally located near Texas A&M Kingsville and NAS Kingsville, ensuring a strong tenant pool. The asking price is $1,200,000, translating to $114.53 per square foot and $85,714.29 per unit. The current owner is approved for Section 8 housing, providing a stable income stream. This is an owner/user investment opportunity with significant potential for consistent rental income. The property's strategic location and recent renovations make it an attractive investment for those seeking a strong return on investment in the thriving Kingsville market. This is a turnkey operation ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsville
    County
    Kleberg
    State
    Texas
    Longitude
    -97.8772572
    Latitude
    27.5149013

    Comparable in this City

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      6,354 SF

      Modern Apartment Complex Near TAMUK

      7-unit apartment complex near Texas A&M University-Kingsville.
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    • $180,000
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      Kingsville Investment Opportunity with Land

      Income potential near Texas A&M and Naval Air Station.
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      Mixed-Use Property in Kingsville, TX

      Profitable laundromat with residential units for additional income.
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      33.60 Acres

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    • $75,000
      3.36 Acres

      3.36 Acres of Country Land

      3.36 acres in Ricardo, TX, outside city limits.
      E County Road 2210, Kingsville, TX 78363
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    Similar Nearby for Sale

    • $495,000
      8.71 Acres

      Kingsville Land Near University

      8.71 acre Kingsville land ideal for development.
      1420 Senator Carlos Truan Blvd, Kingsville, TX 78363
      View Details
    • Contact for pricing
      6,354 SF

      Modern Apartment Complex Near TAMUK

      7-unit apartment complex near Texas A&M University-Kingsville.
      724 W Kleberg Ave, Kingsville, TX 78363
      View Details
    • $180,000
      0.36 Acres

      Kingsville Investment Opportunity with Land

      Income potential near Texas A&M and Naval Air Station.
      1131 W Kenedy Ave, Kingsville, TX 78363
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    • $450,000
      3,514 SF

      Mixed-Use Property in Kingsville, TX

      Profitable laundromat with residential units for additional income.
      313 S 12Th St, Kingsville, TX 78363
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      33.60 Acres

      Kingsville, TX Multi-Use Land

      33.6 Acres, Highway 77 Frontage
      0 Us Highway 77, Kingsville, TX 78363
      View Details
    • $75,000
      3.36 Acres

      3.36 Acres of Country Land

      3.36 acres in Ricardo, TX, outside city limits.
      E County Road 2210, Kingsville, TX 78363
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Kingsville, Texas

      Retail space available in a busy Kingsville shopping center.
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      27,000 SF

      Retail Space in Kingsville Center

      Retail space available in Southgate Shopping Center, Kingsville, TX.
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      27,000 SF

      2401 S Brahma Blvd, Kingsville, TX

      Shopping centers • 27,000 SF
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      Retail Space on King Street

      Well-located shopping center with high visibility and upgraded features.
      620 E King Ave, Kingsville, TX 78363
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      12,172 SF

      Retail Space in Kingsville Center

      Retail space available in Southgate Shopping Center, Kingsville, TX.
      2209-2405 Brahma Blvd, Kingsville, TX 78363
      View Details
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    Kingsville, TX 78363
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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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    720 Kenedy Ave, Kingsville, TX, 78363

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