Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    251 East Hempstead Street Giddings, TX 78942

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Commercial,Commercial Sale,Standard Frame - Giddings, TX

    Type:Single Family Residence
    Property size:
    5,096 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $49/SF
    Added:
    Apr 21, 2026
    Days on Market:
    11
    Last Refresh:
    May 1 at 11:06 am

    Property Features for 251 East Hempstead Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Parking features
    Carport, Garage
    Standard status
    Active
    APN
    13682
    Size
    5,096 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4200

    Utilities

    Heating system
    Central

    Building Details

    Floors in Building
    1
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Schultz
    Lori Schultz

    Listing agent Lori Schultz License #598121

    Listing office SCHULTZ TEXAS PROPERTIES 246 E. Austin, Giddings, TX

    Listing date Apr 21, 2026

    MLS# 151287 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.

    Overview

    Downtown Giddings Commercial Opportunity

    This commercial property is located in the heart of downtown Giddings, near the Lee County Court House. The property, with a total size of 5096 square feet and a lot size of 0.066 acres, has been used for many years as a functional office space for multiple businesses. The building is of standard frame construction. While the property requires some updating, it offers great potential. A long, narrow hallway divides the two separate parcels, which share an entrance but have their own utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Postal Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Giddings
    County
    Lee
    State
    Texas
    Longitude
    -96.935977
    Latitude
    30.181945

    Nearby Similar for Sale

    • $650,000
      2,458 SF

      Giddings Home with Outdoor Kitchen

      Four-bedroom home on 4 acres with metal building.
      350 Owl Creek Road, Giddings, TX 78942
      View Details
    • $915,000
      3,843 SF

      Giddings Commercial Property with Warehouses

      Versatile commercial property on 11.8 acres with multiple structures.
      1480 Farm To Market Road 141, Giddings, TX 78942
      View Details
    • $730,000
      2,000 SF

      Remodeled Farmhouse on Expansive Acreage

      Remodeled home on 27 acres near Giddings, Texas.
      1371 Private Road 2051, Giddings, TX 78942
      View Details
    • $875,000
      6,144 SF

      Highway 290 Commercial Investment Opportunity

      2.694-acre commercial property with multiple buildings on Highway 290.
      2910 E Austin St, Giddings, TX 78942
      View Details
    • $915,000
      3,843 SF

      Giddings Commercial Property with Warehouses

      11.8-acre commercial property featuring multiple structures and warehouse space.
      1480 FM 141, Giddings, TX 78942
      View Details
    • $700,000
      2,290 SF

      Giddings Ranch Land with Farmhouse

      54-acre ranch near Giddings, TX, with farmhouse and barn.
      1084 County Road 120, Giddings, TX 78942
      View Details
    • $484,000
      1,522 SF

      Spacious Acreage with Sunset Views

      1.613-acre property with custom home, versatile space, barn, and well.
      1066 County Road 233, Giddings, TX 78942
      View Details
    • $850,000
      2,100 SF

      Giddings Commercial Property on Highway

      4.029-acre property with renovated building, high visibility, development potential.
      3250 E Austin St, Giddings, TX, 78942-3652
      View Details
    • $1,200,000
      1,368 SF

      Lee County Ranch Getaway

      85.31 acre ranch with creek, ponds, and home.
      1368 County Road 207, Giddings, TX 78942
      View Details
    • $850,000
      2,100 SF

      Giddings Commercial Property on Highway

      Renovated 2,100 SF building on 4.029 acres off HWY 290.
      3250 E Austin St, Giddings, TX 78942
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial property in downtown Giddings with office space potential.
    Where is this office units located?
    The property is located at 251 East Hempstead Street Giddings, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime commercial location in downtown Giddings, near the Lee County Courthouse; Functional office space previously used by multiple businesses; Two separate parcels with individual utilities
    (979) 249-6869
    We can help!
    Listing Contact
    Lori Schultz
    Lori Schultz
    Real Estate License ID: 598121
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    251 East Hempstead Street, Giddings, TX 78942

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!