Flexible Storefront
For Sale
$449,000
227 West Travis Street, La Grange, TX 78945
Commercial Sale, La Grange, TX
Property Size2,634 SF
Lot Size0.07 Acres
Price / SF$170.46
Days on Market287
Property Features for 227 West Travis Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
La Grange ISD
Middle school district
La Grange ISD
High school district
La Grange ISD
Directions
Located on south side of square in La Grange.
Standard status
Active
APN
R36730
Size
2,634 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3892
Utilities
Water source
Public
Amenities
tall ceilings
abundant natural light
open layout
Building Details
Floors in Building
1
Listing Agency:
ROUND TOP REAL ESTATE
(979) 249-5732
Listed By:
Lisa Mayer · License #0370366
(979) 966-3686
Added: Dec 5, 2025
Changed: Sep 7
Last Checked: Sep 18 at 4:06PM
MLS# 154313
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 2,634-square-foot storefront property offers an open interior with tall ceilings and abundant natural light. The layout can operate as a single commercial unit or be divided into two separate spaces, providing flexibility for office, retail, boutique, studio, or professional-service use. One bathroom is included, and public water serves the property.
The building is positioned on the historic La Grange town square at 227 West Travis Street. Its square-facing setting receives foot and vehicle traffic, supporting a range of customer-facing or professional business formats. The 0.07-acre property combines a compact footprint with adaptable interior planning for an owner-user or commercial occupant.
The building is positioned on the historic La Grange town square at 227 West Travis Street. Its square-facing setting receives foot and vehicle traffic, supporting a range of customer-facing or professional business formats. The 0.07-acre property combines a compact footprint with adaptable interior planning for an owner-user or commercial occupant.
Key Highlights
- 2,634 square feet of usable commercial space
- Flexible layout for one large unit or two separate units
- Tall ceilings and abundant natural light
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
$35,678
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
7.95%
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%
$713,560
$713.6K
Cap Rate 7%
$509,686
$509.7K
Cap Rate 9%
$396,422
$396.4K
Market Conditions
NOI Build-Up for 2,634 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
$54.0K $20.52/SF
− Vacancy
−$3.1K −$1.17/SF
EGI
$51.0K $19.35/SF
− OpEx
−$15.3K −$5.81/SF
NOI
$35.7K $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%
$713,560
Cap Rate 7%
$509,686
Cap Rate 9%
$396,422
Alternative Uses
Best Use
Retail
$509.7K
$446.0K – $594.6K
NOI $35,678 @ 7.0% cap · market cap 7.95%
Second Best
Office B
$504.0K
$441.0K – $588.0K
NOI $35,282 @ 7.0% cap · market cap 7.86%
Theoretical Best
Multifamily LT 5
$29.53M
$25.84M – $34.45M
NOI $2,067,173 @ 7.0% cap · market cap 460.39%
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
503
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78945, TX
10,483
Population
5,461
Households
1.9
Avg Household Size
46
Median Age
31%
College-Educated
91%
High-School Grad
248.2 sq mi
ZIP Area
42
Density / Sq Mi
$76,221
Median Household Income
$40,180
Median Earnings
$747
Median Rent
$299,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan storefront with tall ceilings, natural light, and a layout adaptable to one or two units.
Where is this storefront property located?
The property is located at 227 West Travis Street La Grange, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,634 square feet of usable commercial space; Flexible layout for one large unit or two separate units; Tall ceilings and abundant natural light
