Office/Warehouse
For Sale
Contact for pricing
1009 West 2nd Street, Taylor, TX 76574
Built in 2019, this office/warehouse property offers a combined work-and-storage configuration.
Property Size5,750 SF
Price / SF$330.43
Days on Market125
Property Features for 1009 West 2nd Street
General Information
Standard status
Active
Size
5,750 SF
Class
A
Property subtype
Office, Industrial
Zoning
P5: Urban Center
Building Details
Year Built
2019
Listing Agency:
Independence Commercial Real Estate, LLC
Listed By:
Preston Wolfe · License #TX
(254) 239-9299
Source:
Crexi
Added: May 5
Changed: Aug 14
Last Checked: Sep 5 at 12:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Independence Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This office/warehouse building was built in 2019 and is offered for sale. The property is designed to combine office space with warehouse space, supporting business operations that require both administrative and day-to-day storage needs.
The asset is located at 1009 West 2nd Street in Taylor, Texas. It is being marketed as a single commercial building that blends office use with warehouse function.
At 5,750 square feet, the layout accommodates both office and warehouse areas within one facility, making it a straightforward option for owner-users or investors seeking a mixed-use commercial configuration.
The asset is located at 1009 West 2nd Street in Taylor, Texas. It is being marketed as a single commercial building that blends office use with warehouse function.
At 5,750 square feet, the layout accommodates both office and warehouse areas within one facility, making it a straightforward option for owner-users or investors seeking a mixed-use commercial configuration.
Key Highlights
- Office/warehouse property built in 2019 in Taylor, TX
- Includes a combined work‑and‑storage configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,157,800
$1.2M
Cap Rate 7%
$827,000
$827.0K
Cap Rate 9%
$643,222
$643.2K
Market Conditions
NOI Build-Up for 5,750 SF
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.
Gross rent
$85.6K $14.88/SF
− Vacancy
−$17.5K −$3.04/SF
EGI
$68.1K $11.84/SF
− OpEx
−$10.2K −$1.78/SF
NOI
$57.9K $10.07/SF
Area
Williamson County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,157,800
Cap Rate 7%
$827,000
Cap Rate 9%
$643,222
Alternative Uses
Best Use
Warehouse
$827.0K
$723.6K – $964.8K
NOI $57,890 @ 7.0% cap · market cap 3.05%
Second Best
Industrial
$735.0K
$643.1K – $857.5K
NOI $51,447 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,255 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76574, TX
19,366
Population
8,458
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
149.0 sq mi
ZIP Area
130
Density / Sq Mi
$72,805
Median Household Income
$40,994
Median Earnings
$1,167
Median Rent
$252,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Twisted L BBQ — 1331-1/2 W 2nd St, Taylor, TX 76574
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2019, this office/warehouse property offers a combined work-and-storage configuration.
Where is this flex space located?
The property is located at 1009 West 2nd Street Taylor, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Office/warehouse property built in 2019 in Taylor, TX; Includes a combined work‑and‑storage configuration
