Two-Story Shop with
324 West La Fayette Street La Grange, TX 78945
324 West La Fayette Street, La Grange, TX, 78945
$300,000
For Sale
$300,000
COMMERCIAL - La Grange, TX
Property Size1,200 SF
Lot Size0.46 Acres
Price / SF$250
Days on Market340
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
- Standard status
- Active
- APN
- 38519
- Size
- 1,200 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2628
Utilities
- Water source
- Public
Building Details
- Year built
- 2006
- Floors in Building
- 2
- Roof type
- Metal
- Additional Structures
- Barn(s)
Listing Agency
Diggs Real Estate, Inc.
(979) 968-6143
1824 East State Hwy 159, La Grange, TX
Listed by
Jerri Taylor · License #344158
(979) 968-6143
Added: Aug 15, 2025 Updated: Jul 19 at 8:03 pm Checked: Jul 20 at 3:06 pm
MLS# 153080
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 property features a two-story shop with an overhead door and a second-level apartment. The apartment is configured as a 1-bedroom, 1-bath home with approximately 600 square feet, and it could also function as an on-site office for daily operations. The overall property is listed with a total size of 1,200 square feet.
The site includes a fenced yard for security, with approximately 6’ fencing around the property. In addition to the two-story shop, there is a 4-bay shop with overhead doors and a separate 4-bay open storage building, supporting equipment storage and flexible work-space needs.
Set on an approximately 0.46-acre lot, this combination of enclosed shop improvements and outdoor storage is designed to support an on-site work setup.
The site includes a fenced yard for security, with approximately 6’ fencing around the property. In addition to the two-story shop, there is a 4-bay shop with overhead doors and a separate 4-bay open storage building, supporting equipment storage and flexible work-space needs.
Set on an approximately 0.46-acre lot, this combination of enclosed shop improvements and outdoor storage is designed to support an on-site work setup.
Key Highlights
- 2006‑built two‑story shop with an upstairs 1‑bedroom, 1‑bath apartment (600 SF).
- Apartment on the second level of the shop; 2‑bedroom/room details provided: Bedroom 1 and Bathroom 1.
- Includes 4‑bay shop with overhead doors.
Local Financial Insights For Office B
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 | $29.5k | $24.60 |
| − Vacancy | −$8.1k | −$6.74 |
| EGI | $21.4k | $17.86 |
| − OpEx | −$5.4k | −$4.46 |
| NOI | $16.1k | $13.39 |
1,200 SF · lease $24.60/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$229.6K
$200.9K – $267.9K
NOI $16,074 @ 7.0% cap · market cap 5.36%
Second Best
Mixed Use
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 5.28%
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-story shop includes a 1-bedroom, 1-bath apartment on the second level plus overhead door shop space.
Where is this live-work space 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: 2006‑built two‑story shop with an upstairs 1‑bedroom, 1‑bath apartment (600 SF).; Apartment on the second level of the shop; 2‑bedroom/room details provided: Bedroom 1 and Bathroom 1.; Includes 4‑bay shop with overhead doors.
