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1124 18th St 6,600 SF 100% Leased Office Building Hondo, TX 78861 $841,385 ($127.48/SF) 10.60% Cap Rate
Investment Highlights
- Prime US Highway 90 (19th Street) Frontage
- Historic Architecture
- Diversified Income (Retail, Office, STR)
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$103,836
|
$15.73
|
| Other Income |
$30,251
|
$4.58
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$134,087
|
$20.32
|
| Taxes |
$12,963
|
$1.96
|
| Operating Expenses |
$31,976
|
$4.84
|
| Total Expenses |
$44,939
|
$6.81
|
| Net Operating Income |
$89,148
|
$13.51
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $103,836 |
| Annual Per SF | $15.73 |
| Other Income | |
|---|---|
| Annual | $30,251 |
| Annual Per SF | $4.58 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $134,087 |
| Annual Per SF | $20.32 |
| Taxes | |
|---|---|
| Annual | $12,963 |
| Annual Per SF | $1.96 |
| Operating Expenses | |
|---|---|
| Annual | $31,976 |
| Annual Per SF | $4.84 |
| Total Expenses | |
|---|---|
| Annual | $44,939 |
| Annual Per SF | $6.81 |
| Net Operating Income | |
|---|---|
| Annual | $89,148 |
| Annual Per SF | $13.51 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,600 SF
Building Class
C
Year Built
1895
Price
$841,385
Price Per SF
$127.48
Cap Rate
10.60%
NOI
$89,148
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
2.46
Lot Size
0.06 AC
Zoning
Commercial
Parking
7 Spaces (1.06 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16380 | Total Assessment | $455,360 (2025) |
| Land Assessment | $20,270 (2025) | Annual Taxes | $12,963 ($1.96/SF) |
| Improvements Assessment | $435,090 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
16380
Land Assessment
$20,270 (2025)
Improvements Assessment
$435,090 (2025)
Total Assessment
$455,360 (2025)
Annual Taxes
$12,963 ($1.96/SF)
Tax Year
2026
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Contact the Sale Advisor
1124 18th St