Downtown Lorena Mixed-Use
For Sale
$949,000
101-105 E Center Street, Lorena, TX 76655
Mixed-use property in historic downtown Lorena with retail and office space.
Property Size8,094 SF
Price / SF$117.25
Days on Market1102
Property Features for 101-105 E Center Street
General Information
Standard status
Active
Size
8,094 SF
Property subtype
Office
Listing Agency:
EG Realty
(254) 218-4220
Listed By:
Kirk Regian · License #0635810
(254) 218-4220
Source:
Xome
Added: Jul 25, 2023
Changed: Jul 10
Last Checked: Jul 30 at 2:47AM
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 EG Realty
Investment Insights
Based on property information with market context.
This mixed-use property is located in historic Downtown Lorena and offers over 8,000 square feet of space. The property features five different entities suitable for retail and business use. It offers convenient access to and from I-35. The property previously housed a successful local business for 60 years.
Key Highlights
- Over 8,000 sq ft of space suitable for multiple businesses
- Located in historic Downtown Lorena
- Easy access to and from I‑35
Financial Insights For Mixed Use
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 | $145.7k | $18.00 |
| − Vacancy | −$17.5k | −$2.16 |
| EGI | $128.2k | $15.84 |
| − OpEx | −$48.1k | −$5.94 |
| NOI | $80.1k | $9.90 |
8,094 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,635 @ 7.0% cap · market cap 11.55%
Second Best
Office B
$1.55M
$1.36M – $1.81M
NOI $108,417 @ 7.0% cap · market cap 11.42%
Theoretical Best
Multifamily LT 5
$100.83M
$88.23M – $117.64M
NOI $7,058,202 @ 7.0% cap · market cap 743.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 76655, TX
10,227
Population
3,478
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
97%
High-School Grad
77.7 sq mi
ZIP Area
132
Density / Sq Mi
$106,012
Median Household Income
$54,812
Median Earnings
$967
Median Rent
$294,600
Median Home Value
Market
Properties on Market for Mixed-use properties in Lorena
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in historic downtown Lorena with retail and office space.
Where is this mixed-use property located?
The property is located at 101-105 E Center Street Lorena, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Over 8,000 sq ft of space suitable for multiple businesses; Located in historic Downtown Lorena; Easy access to and from I‑35
