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    Schulenburg Commercial Property with Bowling Alley Title is generated by Realmo AI

    233 College Street, Schulenburg, TX 78956

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    For Sale
    $895,000

    Commercial,Commercial Sale,Standard Frame - Schulenburg, TX

    Type:Single Family Residence
    Property size:
    19,700 SF
    Lot size:
    2.06 Acres
    Price / SF:
    $45/SF
    Added:
    Mar 24, 2025
    Days on Market:
    440
    Last Refresh:
    Jun 6 at 7:06 pm

    Property Features for 233 College Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Bedrooms
    1
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1
    Parking features
    Carport
    Fireplace
    1
    Standard status
    Active
    APN
    45126
    Size
    19,700 SF
    Lot size
    2.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11350

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Year renovated
    1985
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Helmcamp

    Listing agent Gary Helmcamp License #461405

    Listing office TRI-COUNTY REALTY, LLC 707 S. Eagle, Weimar, TX

    Listing date Mar 24, 2025

    MLS# 150933 Listing URL

    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.

    HighLights

    • Prime location in Schulenburg, TX, between Hwy 90 and I‑10, with high visibility and 10,500‑12,114 AADT.
    • Expansive 2‑acre commercial property with a 19,700 sqft metal building, ample concrete parking, and three‑phase power.
    • Currently operating as a turn‑key business (Tenth Frame Bowl & Adolf's) with a 16‑lane USBC‑certified bowling alley, full‑service bar, commercial kitchen, and diverse gaming area.
    • Zoned General Commercial, allowing for various business ventures, including retail, storage, warehouse, restaurant, or office space.
    • Spacious outdoor entertainment area with a pavilion and stage for hosting events.
    • Easy access to Houston, San Antonio, and Austin, making it a highly accessible regional destination.

    Overview

    Located in Schulenburg, Texas, this 2.06-acre commercial property is situated between Hwy 90 and I-10. The property features a 19,700 sqft metal building, constructed in 1985, with concrete parking and three-phase power. Currently, the building houses a turn-key operation with a 16-lane bowling alley, a full-service bar, a commercial kitchen, and a gaming area. The bowling lanes are United States Bowling Congress (USBC) certified. The bar area includes a lounge, pool table, wood-burning fireplace, multiple TVs, and a separate entrance. The kitchen is equipped with stainless-steel equipment. The gaming area offers pool tables, air hockey, and arcade games. An outdoor entertainment area features a pavilion and stage. The building also includes multiple office spaces, storage rooms, a family room with a half bath, and separate men’s and women’s restrooms. Zoned General Commercial, the property allows for retail, storage, warehouse, restaurant, or office space. It has approximately 320 feet of frontage along College Street and 275 feet of depth. The property is located less than 200 feet east of Hwy 77, with an Annual Average Daily Traffic (AADT) of 10,500-12,114 vehicles between Hwy 90 and I-10. The east side of the property is suitable for further development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bowling alleys

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schulenburg
    County
    Fayette
    State
    Texas
    Longitude
    -96.901574
    Latitude
    29.685076

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    FAQs

    What type of property is this?
    Bowling alley - 2-acre commercial property with 19,700 sqft building, turn-key operation.
    Where is this bowling alley located?
    The property is located at 233 College Street Schulenburg, TX.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Prime location in Schulenburg, TX, between Hwy 90 and I‑10, with high visibility and 10,500‑12,114 AADT.; Expansive 2‑acre commercial property with a 19,700 sqft metal building, ample concrete parking, and three‑phase power.; Currently operating as a turn‑key business (Tenth Frame Bowl & Adolf's) with a 16‑lane USBC‑certified bowling alley, full‑service bar, commercial kitchen, and diverse gaming area.
    (979) 725-6006
    We can help!
    Listing Contact
    Gary Helmcamp
    Real Estate License ID: 461405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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