Versatile Flex Warehouse
For Sale
$399,000
1107 2nd ST, Taylor, TX 76574
Flex warehouse on a 0.56-acre lot with utilities connected, offering adaptable space for a range of business uses.
Property Size1,508 SF
Lot Size0.56 Acres
Price / SF$264.59
Days on Market92
Property Features for 1107 2nd ST
General Information
Standard status
Active
Size
1,508 SF
Lot size
0.56 Acres
Property subtype
Mixed Use
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,446
Amenities
Window/Wall Unit
3
60 Parking Spaces. Gravel, No Parking.
Building Details
Year Built
1930
Listing Agency:
RE/MAX Associates Group
(512) 365-8563
Listed By:
Gregory Buzan
(512) 680-2190
Source:
Xome
Added: Jun 9
Changed: Sep 8
Last Checked: Sep 8 at 6:20AM
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 RE/MAX Associates Group
Investment Insights
Based on property information with market context.
This for-sale flex warehouse property sits on a 0.56-acre lot and is set up to support business operations with all utilities connected. The layout is described as versatile, making it suitable for a variety of ventures that need adaptable warehouse or flex space.
Located in Taylor, TX, the property is positioned to provide visibility for prospective customers and clients. The owner notes that buyers should reach out to the City of Taylor to confirm allowable usage.
For tenants, buyers, and operators looking for a warehouse-style facility with flexible application, this property provides a straightforward starting point with utilities already in place. Because intended use should be verified with the city, this asset is best suited for users who want to confirm zoning and operational fit before moving forward.
Located in Taylor, TX, the property is positioned to provide visibility for prospective customers and clients. The owner notes that buyers should reach out to the City of Taylor to confirm allowable usage.
For tenants, buyers, and operators looking for a warehouse-style facility with flexible application, this property provides a straightforward starting point with utilities already in place. Because intended use should be verified with the city, this asset is best suited for users who want to confirm zoning and operational fit before moving forward.
Key Highlights
- Flex warehouse on a 0.56‑acre lot with utilities connected
- Built in 1930
- Property offers versatile space for a range of business uses
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
$13,493
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
3.38%
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%
$269,860
$269.9K
Cap Rate 7%
$192,757
$192.8K
Cap Rate 9%
$149,922
$149.9K
Market Conditions
NOI Build-Up for 1,508 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
$22.4K $14.88/SF
− Vacancy
−$3.2K −$2.10/SF
EGI
$19.3K $12.78/SF
− OpEx
−$5.8K −$3.83/SF
NOI
$13.5K $8.95/SF
Area
Williamson County, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
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%
$269,860
Cap Rate 7%
$192,757
Cap Rate 9%
$149,922
Alternative Uses
Best Use
Industrial
$192.8K
$168.7K – $224.9K
NOI $13,493 @ 7.0% cap · market cap 3.38%
Second Best
Flex RnD
$179.0K
$156.6K – $208.8K
NOI $12,529 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$630.4K
$551.6K – $735.5K
NOI $44,127 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
337
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 - Flex warehouse on a 0.56-acre lot with utilities connected, offering adaptable space for a range of business uses.
Where is this flex space located?
The property is located at 1107 2nd ST Taylor, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Flex warehouse on a 0.56‑acre lot with utilities connected; Built in 1930; Property offers versatile space for a range of business uses
