13201 Highway 6
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13201 Highway 6
1,860 SF 100% Leased Office Building Santa Fe, TX 77510 $279,900 ($150/SF) 9.49% Cap Rate
Investment Highlights
- Heavy drive by traffic
- Two entrances providing access for a sub-lease
- Divided rooms for offices or back office storage
- New AC, recently remodeled
Executive Summary
Prime location on Hwy 6 in the heart of Santa Fe. Heavy drive by traffic. (photos are for reference only, the interior has been recently painted and a couple of walls have been removed to open the useable space)
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$26,000
|
$13.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,600
|
$1.40
|
| Effective Gross Income |
$23,400
|
$12.58
|
| Taxes |
$6,172
|
$3.32
|
| Operating Expenses |
$2,325
|
$1.25
|
| Total Expenses |
$8,497
|
$4.57
|
| Net Operating Income |
$14,903
|
$8.01
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $26,000 |
| Annual Per SF | $13.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,600 |
| Annual Per SF | $1.40 |
| Effective Gross Income | |
|---|---|
| Annual | $23,400 |
| Annual Per SF | $12.58 |
| Taxes | |
|---|---|
| Annual | $6,172 |
| Annual Per SF | $3.32 |
| Operating Expenses | |
|---|---|
| Annual | $2,325 |
| Annual Per SF | $1.25 |
| Total Expenses | |
|---|---|
| Annual | $8,497 |
| Annual Per SF | $4.57 |
| Net Operating Income | |
|---|---|
| Annual | $14,903 |
| Annual Per SF | $8.01 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Building Size
1,860 SF
Building Class
B
Year Built/Renovated
1969/2017
Price
$279,900
Price Per SF
$150
Cap Rate
9.49%
NOI
$26,550
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,860 SF
Building FAR
0.25
Land Acres
0.17 AC
Zoning
Commercial - City Zoning and permitting requirements
Parking
6 Spaces (3.23 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Reception
- Central Heating
- Partitioned Offices
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 1095-0000-0334-003 | Total Assessment | $243,370 |
| Land Assessment | $42,030 | Annual Taxes | $6,172 ($3.32/SF) |
| Improvements Assessment | $201,340 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
1095-0000-0334-003
Land Assessment
$42,030
Improvements Assessment
$201,340
Total Assessment
$243,370
Annual Taxes
$6,172 ($3.32/SF)
Tax Year
2023 Payable 2024
-
Shelly Mattingly -
True Grit Realty Group
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13201 Highway 6
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