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22185 State Highway 16 S 3,960 SF Retail Building Von Ormy, TX 78073 $738,274 CAD ($186.43 CAD/SF) 9.35% Cap Rate
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.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,960 SF
Building Class
C
Year Built/Renovated
1995/2012
Price
$738,274 CAD
Price Per SF
$186.43 CAD
Cap Rate
9.35%
NOI
$69,033 CAD
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’ on Stste Highway 16th South
Amenities
- 24 Hour Access
- Fenced Lot
- Freeway Visibility
- Restaurant
- Security System
- Tenant Controlled HVAC
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 04194-000-0038 | Improvements Assessment | $525,215 CAD |
| Land Assessment | $193,252 CAD | Total Assessment | $718,468 CAD |
Property Taxes
Parcel Number
04194-000-0038
Land Assessment
$193,252 CAD
Improvements Assessment
$525,215 CAD
Total Assessment
$718,468 CAD
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22185 State Highway 16 S
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