Multi-Tenant Commercial Building with Open
1707 State Hwy 21 W Caldwell, TX 77836
1707 State Hwy 21 W, Caldwell, TX, 77836
$560,000
For Sale
$560,000
COMMERCIAL - Caldwell, TX
Property Size3,000 SF
Lot Size0.39 Acres
Price / SF$186.67
Days on Market17
Property Features for 1707 State Hwy 21 W
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Burleson
- Parking
- 10
- Standard status
- Active
- APN
- 1707 State Hwy 21 603
- Size
- 3,000 SF
- Lot size
- 0.39 Acres
Building Details
- Year built
- 2018
- Flooring type
- Tile, Concrete
- Roof type
- Metal
Listing agency
Home & Ranch Real Estate
(979) 272-1759
Listed by
Melinda Scott · License #0527396
(979) 272-1759
Added: Jul 6 Updated: Jul 10 at 1:46PM Checked: Jul 22 at 3:06PM
MLS# 26008743
Copyright © 2026 Bryan-College Station Regional MLS. 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.
Constructed in 2018, this multi-tenant commercial building is designed for flexibility, with most spaces featuring an open-span layout that can support additional division as needed. Current use includes a cosmetology training facility, state testing center, barber shop, and a full service restaurant. Interior allocations referenced include a front foyer/lobby, showroom/training center, administration office, personal treatment spaces, testing center rooms, janitorial closet, two restrooms, kitchen/prep, and a dining area.
The property is located on State Hwy 21 with frontage described as a presidential corridor, providing visibility and easy access for both east/west bound traffic. Public remarks indicate daily traffic counts in excess of 17,000.
Offered as a conventional commercial building in the Caldwell area, the configuration supports multiple functions within a single structure while keeping common functional components such as restrooms and back-of-house space in place.
The property is located on State Hwy 21 with frontage described as a presidential corridor, providing visibility and easy access for both east/west bound traffic. Public remarks indicate daily traffic counts in excess of 17,000.
Offered as a conventional commercial building in the Caldwell area, the configuration supports multiple functions within a single structure while keeping common functional components such as restrooms and back-of-house space in place.
Key Highlights
- Commercial building constructed in 2018 with metal roof
- State Hwy 21 frontage on the Presidential Corridor with daily traffic counts over 17,000
- Multi‑tenant layout with most spaces open span for flexible use and additional division
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $21.00 |
| − Vacancy | −$10.4k | −$3.47 |
| EGI | $52.6k | $17.54 |
| − OpEx | −$13.2k | −$4.38 |
| NOI | $39.5k | $13.15 |
3,000 SF · lease $21.00/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 7.05%
Second Best
Specialty Retail
$541.0K
$473.4K – $631.1K
NOI $37,868 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Constructed in 2018, this multi-tenant building features open-span space with easy highway access and varied current operating areas.
Where is this retail space located?
The property is located at 1707 State Hwy 21 W Caldwell, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Commercial building constructed in 2018 with metal roof; State Hwy 21 frontage on the Presidential Corridor with daily traffic counts over 17,000; Multi‑tenant layout with most spaces open span for flexible use and additional division
