Mixed-Use Property with
324 West La Fayette Street, La Grange, TX 78945
Commercial,Commercial Sale - La Grange, TX
Property size:
1,200 SFLot size:
0.46 AcresPrice / SF:
$250/SF- Added:
- Aug 15, 2025
- Days on Market:
- 282
- Last Refresh:
- May 23 at 4:06 pm
Property Features for 324 West La Fayette Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 1
- Parking features
- Carport
- Exterior features
- Barn(s), Barns
- Standard status
- Active
- APN
- 38519
- Size
- 1,200 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2628
Building Details
- Year built
- 2006
- Year renovated
- 2006
- Floors in Building
- 2
- Roof type
- Metal
- Architectural style
- Other
- Additional Structures
- Barn(s)
Listing agent Jerri Taylor License #344158 (979) 968-6143
Listing office Diggs Real Estate, Inc. 1824 East State Hwy 159, La Grange, TX (979) 968-6143
Listing date Aug 15, 2025
MLS# 153080
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
- Two‑story shop with a convenient second‑level 1 bed, 1 bath apartment (600 sq ft).
- 4‑bay shop featuring overhead doors.
- 4‑bay open storage building.
- Construction yard on property.
- Security fence (6 ft) for added peace of mind.
- Carport parking.
Overview
This mixed-use property in La Grange, Texas, features a two-story shop with an apartment on the second level. The apartment includes one bedroom and one bathroom, encompassing 600 square feet. Additionally, the property includes a four-bay shop with overhead doors and a four-bay open storage building. The property is situated on 0.46 acres and is secured with a 6-foot fence. The apartment could serve as an on-site office. This property could be used as a construction yard.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$180.6K
NOI $16,254 @ 9.00% cap · cautious / downside scenario
Moderate
$232.2K
NOI $16,254 @ 7.00% cap · market / base-case scenario
Aggressive
$325.1K
NOI $16,254 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $20.52 |
| − Vacancy | −$1.4k | −$1.17 |
| EGI | $23.2k | $19.35 |
| − OpEx | −$7.0k | −$5.81 |
| NOI | $16.3k | $13.55 |
1,200 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$232.2K
$203.2K – $270.9K
NOI $16,254 @ 7.0% cap · market cap 5.42%
Second Best
Office B
$229.6K
$200.9K – $267.9K
NOI $16,074 @ 7.0% cap · market cap 5.36%
Theoretical Best
Multifamily LT 5
$13.45M
$11.77M – $15.70M
NOI $941,764 @ 7.0% cap · market cap 313.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- La Grange
- County
- Fayette
- State
- Texas
- Longitude
- -96.8810404
- Latitude
- 29.9061166
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring a shop and apartment in La Grange.
Where is this mixed-use property located?
The property is located at 324 West La Fayette Street La Grange, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑story shop with a convenient second‑level 1 bed, 1 bath apartment (600 sq ft).; 4‑bay shop featuring overhead doors.; 4‑bay open storage building.
