Flex Space Attached to 60-Unit
For Sale
Contact for pricing
106 N Lacy Drive #108, Lacy Lakeview, TX 76705
Adaptable commercial space attached to a residential complex, suitable for retail, office, personal service, or wellness uses.
Property Size1,875 SF
Price / SF$1.07
Days on Market50
Property Features for 106 N Lacy Drive #108
General Information
Standard status
Active
Size
1,875 SF
Property subtype
Business
Building Details
Year Built
2009
Listing Agency:
Agents Of Texas, LLC
(817) 501-2996
Listed By:
Cameron Gomez · License #0711443
(254) 717-8243
Source:
Lonestarluxuryrealty
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 28 at 8:20AM
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 Agents Of Texas, LLC
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Investment Insights
Based on property information with market context.
This 1,875-square-foot flex space at 106 N Lacy Drive #108 offers an adaptable commercial layout for a range of business concepts. The property was built in 2009 and is attached to a 60-unit complex, placing the space near the complex’s residents.
Potential applications identified for the space include retail, boutique, salon or barbershop, fitness, professional office, medical, wellness, and other service-oriented operations. Its flexible configuration can support an owner-user seeking space for a new venture, an expanding business, or a customized commercial setting.
Potential applications identified for the space include retail, boutique, salon or barbershop, fitness, professional office, medical, wellness, and other service-oriented operations. Its flexible configuration can support an owner-user seeking space for a new venture, an expanding business, or a customized commercial setting.
Key Highlights
- 1,875‑square‑foot flex space
- Attached to a 60‑unit complex
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,543
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,860
$190.9K
Cap Rate 7%
$136,329
$136.3K
Cap Rate 9%
$106,033
$106.0K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$14.6K $7.76/SF
− Vacancy
−$917 −$0.49/SF
EGI
$13.6K $7.27/SF
− OpEx
−$4.1K −$2.18/SF
NOI
$9.5K $5.09/SF
Area
McLennan County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,860
Cap Rate 7%
$136,329
Cap Rate 9%
$106,033
Alternative Uses
Best Use
Retail
$362.8K
$317.5K – $423.3K
NOI $25,397 @ 7.0% cap · market cap 1,269.85%
Second Best
Flex RnD
$192.2K
$168.2K – $224.3K
NOI $13,455 @ 7.0% cap · market cap 672.75%
Theoretical Best
Multifamily LT 5
$23.36M
$20.44M – $27.25M
NOI $1,635,054 @ 7.0% cap · market cap 81,752.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76705, TX
31,736
Population
12,107
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
118.6 sq mi
ZIP Area
268
Density / Sq Mi
$54,881
Median Household Income
$33,076
Median Earnings
$941
Median Rent
$167,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space attached to a residential complex, suitable for retail, office, personal service, or wellness uses.
Where is this flex space located?
The property is located at 106 N Lacy Drive #108 Lacy Lakeview, TX.
What are key features of this property?
This property features: 1,875‑square‑foot flex space; Attached to a 60‑unit complex; Built in 2009
