3250 Main StUvalde, TX 78801

Property Details for 3250 Main St

Year built

2005

Lot size

2.72 AC

Property size (Sq ft)

24,320 SF

Property type

Commercial real estate

APN

102169

APU

102169

Description

This exceptional investment opportunity presents a 24,160-square-foot multi-tenant retail center in Uvalde, Texas, boasting 100% occupancy. Strategically located on East Main Street (US 90), a major thoroughfare with 23,586 vehicles daily, this property benefits from high visibility and strong traffic counts. The center is shadow-anchored by a Walmart Supercenter and features a diverse mix of seven national, regional, and local tenants, including Cricket Wireless, Deluxe Nails & Spa, Great Clips, Shoe Dept., Sally Beauty Supply, CATO, and Beltone Hearing Aids. Built in 2005, the property sits on 2.72 acres and includes a double-sided pylon sign. 80% of the gross leasable area operates under triple-net leases, offering significant upside potential. The property's prime location is complemented by its proximity to numerous national retailers, including AT&T, Applebee's, H-E-B, and more, as well as several hotels and Uvalde Memorial Hospital, a recently expanded county hospital serving five counties. The asking price is $4,329,113, representing a price per square foot of $179.19 and an 8.00% cap rate, with a current NOI of $346,329. This well-positioned shopping center offers a compelling investment opportunity with strong cash flow and growth potential. The property consists of nine units and features a total of 24,160 net rentable square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $5,123,330

  6.5%

  $4,729,220

  7%

  $4,391,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,527,210

  Geo Method

  $5,527,210

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,647,120

  Retail / Commercial

  $4,881,150

  Mixed-Use / Specialty

  $4,811,860

  Hospitality / Lodging

  $3,462,750

  Office

  $4,729,220

  Institutional / Educational

  $4,983,850

  Residential Income

  $5,831,100

  Multifamily

  $7,281,170

  Automotive / Energy

  $4,271,870

  Parking / Income-Based Land

  $1,525,430

  Restaurant / Food Service

  $2,391,940

  Healthcare / Senior Housing

  $4,987,680

Location Insight

City

Uvalde

County

Uvalde

State

Texas

Latitude

29.2354

Longitude

-99.7519

CBSA code

46620

CBSA name

UVALDE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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