Structural Steel Retail
306 S Waco Street Van Alstyne, TX 75495
306 S Waco Street, Van Alstyne, TX, 75495
$725,000
For Sale
Under Contract
$725,000
SINGLE_FAMILY - Van Alstyne, TX
Property Size2,597 SF
Lot Size0.20 Acres
Price / SF$279.17
Days on Market18
Property Features for 306 S Waco Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active Under Contract
- APN
- 168821
- Size
- 2,597 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- OTP VAN ALSTYNE ADDN, BLOCK 33, LOT 1 & PT 2
- Tax Annual Amount
- 16949
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Block, MetalSiding, StoneVeneer
- Roof type
- Metal
Listing Agency
Benton-Luttrell Real Estate Co
(903) 482-8400
Van Alstyne, TX
Listed by
William Benton · License #0254366
(903) 482-8400
Added: Jul 1 Checked: Jul 18 at 3:06 am
MLS# 21041726
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 new construction structural steel building includes the original Texaco Station vintage 1930–40s attached to the new work. The interior is ready for finish-out to the planned use, with the existing structure providing a distinctive look within the overall building configuration. The property is listed as 2,597 square feet on a 0.2-acre lot.
The building is located on S Waco Street in Van Alstyne, just south of Historic Downtown Van Alstyne, with excellent frontage and visibility.
An additional lot to the west may be purchased with the property to allow for extra parking. The overall offering is suited for retail, restaurant, or office uses based on the current configuration and finish-out readiness.
The building is located on S Waco Street in Van Alstyne, just south of Historic Downtown Van Alstyne, with excellent frontage and visibility.
An additional lot to the west may be purchased with the property to allow for extra parking. The overall offering is suited for retail, restaurant, or office uses based on the current configuration and finish-out readiness.
Key Highlights
- New construction with structural steel building and Block/metal siding/stone veneer exterior materials
- 1930–40s Texaco Station vintage structure is attached to the new construction
- Metal roof with concrete flooring
Local Financial Insights For Specialty Retail
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 | $64.8k | $24.96 |
| − Vacancy | −$3.2k | −$1.25 |
| EGI | $61.6k | $23.71 |
| − OpEx | −$15.4k | −$5.93 |
| NOI | $46.2k | $17.78 |
2,597 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$659.8K
$577.3K – $769.8K
NOI $46,185 @ 7.0% cap · market cap 6.37%
Second Best
Office B
$620.6K
$543.0K – $724.0K
NOI $43,440 @ 7.0% cap · market cap 5.99%
Theoretical Best
Hotel Hospitality
$1.33M
$1.17M – $1.55M
NOI $93,258 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - New construction structural steel building with a vintage Texaco Station structure attached, offering frontage and interior finish-out readiness.
Where is this storefront property located?
The property is located at 306 S Waco Street Van Alstyne, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: New construction with structural steel building and Block/metal siding/stone veneer exterior materials; 1930–40s Texaco Station vintage structure is attached to the new construction; Metal roof with concrete flooring
