22185 State Highway 16 S
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22185 State Highway 16 S
3,960 SF Retail Building Von Ormy, TX 78073 $539,000 ($136/SF) 9.35% Cap Rate
Investment Highlights
- State Highway Frontage 177 SQF
- Excellent exposure
- Approximate 3 mile outside Loop 1604
- High Ceiling and easy access to Highway
- Big hall, 5 Offices and Kitchen, 4 baths
Executive Summary
Almost 4000 SQF building on a 1-acre lot on highway 16th south. only 3 miles outside Loop 1604. Very Nice Location on a State highway, a good place for all types of Business. The property is leased for $4500.00, for 3 years. with 2 years remaining. The buyer must carry the lease. It's good for business headquarters, Company offices, trucks, and auto-related businesses, and excellent for the mini market, meat and grocery store, convince store, lumber store, flea market, and many other businesses possible.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$42,000
|
$10.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,000
|
$10.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,000
|
$0.25
|
| Net Operating Income |
$41,000
|
$10.35
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $10.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $10.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.25 |
| Net Operating Income | |
|---|---|
| Annual | $41,000 |
| Annual Per SF | $10.35 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
C
Year Built/Renovated
1995/2012
Price
$539,000
Price Per SF
$136
Cap Rate
9.35%
NOI
$50,400
Tenancy
Single
Building Height
1 Story
Loading Docks
12 Exterior
Building FAR
0.09
Lot Size
0.98 AC
Zoning
Commercial - Its zoned Commercial, Auto-related, Retail, Office, Distribution center, industrial, Flea Market, and other types of businesses are allowed.
Parking
50 Spaces (12.63 Spaces per 1,000 SF Leased)
Frontage
177 FT on Stste Highway 16th South
Amenities
- 24 Hour Access
- Fenced Lot
- Freeway Visibility
- Restaurant
- Security System
- Tenant Controlled HVAC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Music For Kids
- Educational Services
- 3,960 SF
- $10.61
- Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Music For Kids | Educational Services | 3,960 SF | $10.61 | Net | - |
PROPERTY TAXES
| Parcel Number | 04194-000-0038 | Improvements Assessment | $312,620 (2023) |
| Land Assessment | $113,890 (2023) | Total Assessment | $426,510 (2023) |
PROPERTY TAXES
Parcel Number
04194-000-0038
Land Assessment
$113,890 (2023)
Improvements Assessment
$312,620 (2023)
Total Assessment
$426,510 (2023)
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22185 State Highway 16 S
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