Land in Florence,
For Sale
$350,000
104 W Curry Street lot 13A, Florence, TX 76527
Land, Florence, TX
Property Size948 SF
Lot Size3.99 Acres
Price / SF$369.20
Days on Market299
Property Features for 104 W Curry Street lot 13A
General Information
Property type
Land
Property subtype
Other
Zoning description
MU
Subdivision
Florence City Lts 1213 & 15 Blk P Resub Blk
Lot features
Three To Five Acres, City Lot, Mature Trees, Acreage
Elementary school district
Florence ISD
Middle school district
Florence ISD
High school district
Florence ISD
Directions
Follow TX-195 E to Texas 195 Business. Take the TX-195 Bus exit from TX-195 E. Turn right onto W Curry St.
Standard status
Active
APN
R414407
Size
948 SF
Lot size
3.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S7806 - FLORENCE CITY OF LTS 12,13&15 BLK P RESUB, BLOCK P, LOT 13A, ACRES 3.994
Tax Annual Amount
8088
Legal Description
S7806 - FLORENCE CITY OF LTS 12,13&15 BLK P RESUB, BLOCK P, LOT 13A, ACRES 3.994
Building Details
Additional Structures
Residence
Listing Agency:
Christopher Aldridge, Broker
(817) 584-3236
Listed By:
Christopher G. Aldridge · License #0630599
(512) 868-1771
Added: Nov 19, 2025
Changed: Aug 20
Last Checked: Sep 14 at 1:06AM
MLS# 597483
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property, located in Florence, Texas, Williamson County, consists of approximately 3.994 acres of land. The property includes a 948 square foot structure. It is suitable for auto shops, automotive properties, and retail properties.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,860
$333.9K
Cap Rate 7%
$238,471
$238.5K
Cap Rate 9%
$185,478
$185.5K
Market Conditions
NOI Build-Up for 948 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.7K $26.04/SF
− Vacancy
−$839 −$0.89/SF
EGI
$23.8K $25.15/SF
− OpEx
−$7.2K −$7.55/SF
NOI
$16.7K $17.61/SF
Area
Williamson County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,860
Cap Rate 7%
$238,471
Cap Rate 9%
$185,478
Alternative Uses
Best Use
Retail
$238.5K
$208.7K – $278.2K
NOI $16,693 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$121.2K
$106.0K – $141.4K
NOI $8,482 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$396.3K
$346.8K – $462.3K
NOI $27,740 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76527, TX
4,688
Population
1,652
Households
2.8
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
119.5 sq mi
ZIP Area
39
Density / Sq Mi
$83,533
Median Household Income
$43,466
Median Earnings
$913
Median Rent
$370,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Land for sale in Florence, Texas, Williamson County.
Where is this auto shop located?
The property is located at 104 W Curry Street lot 13A Florence, TX.
What is the asking price?
The asking price for this property is $350,000.
