Mixed-Use Property with
For Sale
$185,000
1513 U.S 77, Schulenburg, TX 78956
Commercial Sale, Schulenburg, TX
Property Size708 SF
Lot Size0.60 Acres
Price / SF$261.30
Days on Market199
Property Features for 1513 U.S 77
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Subdivision
South Addn. (525)
Elementary school district
Schulenburg
Middle school district
Schulenburg
High school district
Schulenburg
Directions
From I-10 and Hwy 77 in Schulenburg, go south on Hwy 77. The property is on the east side of Hwy 77 approximately 0.8 mile south of Highway 90.
Standard status
Active
APN
45094
Size
708 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
1077
Utilities
Water source
Public
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Hollas Real Estate
(979) 743-4402
Listed By:
Shane Hollas · License #448326
(979) 561-6907
Added: Feb 20
Changed: Sep 5
Last Checked: Sep 7 at 3:06PM
MLS# 151212
Copyright © 2026 South Central Texas Board of Realtors. 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 mixed-use commercial property includes a 276-square-foot portable building with a 1/2 bath, ductless wall-mounted mini split air conditioning with heat, new sheetrock, and fresh paint. A recently added 18' x 24' storage building provides additional enclosed space, while a covered concrete carport occupies part of the fenced backyard. The property totals 708 square feet and is served by public water.
Located within the city limits of Schulenburg on U.S. 77, the site provides access to Highway 77, Highway 90, and I-10. The existing improvements support a range of small-scale commercial configurations, including retail, office, or a combination of business and residential use, subject to applicable requirements.
Located within the city limits of Schulenburg on U.S. 77, the site provides access to Highway 77, Highway 90, and I-10. The existing improvements support a range of small-scale commercial configurations, including retail, office, or a combination of business and residential use, subject to applicable requirements.
Key Highlights
- 708‑square‑foot property with a 276‑square‑foot portable building
- Portable building includes a 1/2 bath and ductless mini split with heat
- Recently added 18' x 24' storage building
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
$9,590
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
5.18%
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%
$191,800
$191.8K
Cap Rate 7%
$137,000
$137.0K
Cap Rate 9%
$106,556
$106.6K
Market Conditions
NOI Build-Up for 708 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
$14.5K $20.52/SF
− Vacancy
−$828 −$1.17/SF
EGI
$13.7K $19.35/SF
− OpEx
−$4.1K −$5.81/SF
NOI
$9.6K $13.55/SF
Area
Fayette County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$191,800
Cap Rate 7%
$137,000
Cap Rate 9%
$106,556
Alternative Uses
Best Use
Retail
$137.0K
$119.9K – $159.8K
NOI $9,590 @ 7.0% cap · market cap 5.18%
Second Best
Office B
$135.5K
$118.5K – $158.1K
NOI $9,483 @ 7.0% cap · market cap 5.13%
Theoretical Best
Multifamily LT 5
$7.94M
$6.95M – $9.26M
NOI $555,641 @ 7.0% cap · market cap 300.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 78956, TX
5,161
Population
2,723
Households
1.9
Avg Household Size
51
Median Age
20%
College-Educated
87%
High-School Grad
169.2 sq mi
ZIP Area
31
Density / Sq Mi
$67,022
Median Household Income
$42,668
Median Earnings
$1,064
Median Rent
$231,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Compact commercial setup with a conditioned portable building, storage structure, covered carport, and fenced yard.
Where is this mixed-use property located?
The property is located at 1513 U.S 77 Schulenburg, TX.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 708‑square‑foot property with a 276‑square‑foot portable building; Portable building includes a 1/2 bath and ductless mini split with heat; Recently added 18' x 24' storage building
