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    Established Commercial Property in Caldwell, TX Title is generated by Realmo AI

    101 STATE HWY 21 E, Caldwell, TX 77836

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    Claim this Listing
    For Sale
    $525,000

    COMMERCIAL - Caldwell, TX

    Type:Office
    Property size:
    1,467 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $357/SF
    Added:
    Feb 21, 2025
    Days on Market:
    449
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 101 STATE HWY 21 E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Burleson
    Standard status
    Active
    APN
    101 STATE HWY 21 EAST 603
    Size
    1,467 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Sarah Ferguson

    Listing agent Sarah Ferguson License #0768171

    Listing office Longitude Real Estate 4064 State Hwy 6, College Station, TX

    Listing date Feb 21, 2025

    MLS# 25000665

    Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime highway frontage location with high visibility and easy access.
    • Fully equipped, turn‑key business including equipment, furnishings, and client list.
    • Established 33‑year history with a loyal clientele.
    • Versatile layout suitable for various business types (e.g., Day Spa, Medical Practice).
    • Eight well‑appointed treatment rooms, private office with bathroom, and fully equipped break room.
    • Owner willing to mentor during transition.

    Overview

    This commercial property, currently operating as a chiropractor's office for 33 years, presents an investment opportunity. Situated on highway frontage near Caldwell's main intersection, the property benefits from high visibility and accessibility. The 1467-square-foot building includes 8 treatment rooms, 2 bathrooms, a waiting room, and a private office with a third bathroom. It also features a fully equipped break room with a washer, dryer, and sink. The sale includes all equipment, furnishings, and a client list. The current owner is willing to stay on as a mentor to help ease the transition, if needed. The property is located 1.5 miles from the hospital and is a 30-minute drive to College Station. Houston and Austin are each 1.5 hours away. The property's layout and location make it suitable for various business types, including a day spa, business or tax office, medical or dental practice, or physical therapy and wellness center. The lot size is 0.25 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Caldwell
    County
    Burleson
    State
    Texas
    Longitude
    -96.70235
    Latitude
    30.530949

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    FAQs

    What type of property is this?
    Medical Office Space - Turn-key commercial property with highway frontage, ideal for various ventures.
    Where is this medical office space located?
    The property is located at 101 STATE HWY 21 E Caldwell, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime highway frontage location with high visibility and easy access.; Fully equipped, turn‑key business including equipment, furnishings, and client list.; Established 33‑year history with a loyal clientele.
    (979) 431-5005
    We can help!
    Listing Contact
    Sarah Ferguson
    Real Estate License ID: 0768171
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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