Versatile Retail/Office Space
1753 E State Hwy 97 Jourdanton, TX
For Sale
Contact for pricing
Adaptable commercial space with highway exposure and ample parking.
Property Size5,374 SF
Lot Size1.23 Acres
Price / SF$260.51
Days on Market1068
Property Features for 1753 E State Hwy 97
General Information
- Standard status
- Active
- Size
- 5,374 SF
- Lot size
- 1.23 Acres
- Property subtype
- RETAIL
Listing Agency:
Brohill Realty
(210) 325-7448
Listed By:
Clifton Shearrer · License #519100
(210) 325-7448
Source:
Moodyscre
Added: Aug 22, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:40AM
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 Brohill Realty
Investment Insights
Based on property information with market context.
This 5,374 square foot commercial space is available for lease. The current build-out is designed for a gym, but the space can be adapted for office or retail use. The landlord is flexible, and the space can be divided into smaller units, down to 1,791 square feet. The property features prominent exposure on Highway 97, an excellent parking ratio with over 65 spaces, and updated exterior architectural details.
Key Highlights
- High visibility location on Hwy 97
- Ample parking with over 65 spaces
- Flexible space options, divisible to 1,791 sq ft
Financial Insights For Office B
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 | $137.4k | $25.56 |
| − Vacancy | −$14.4k | −$2.68 |
| EGI | $122.9k | $22.88 |
| − OpEx | −$30.7k | −$5.72 |
| NOI | $92.2k | $17.16 |
5,374 SF · lease $25.56/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,203 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$1.13M
$991.9K – $1.32M
NOI $79,350 @ 7.0% cap · market cap 5.67%
Theoretical Best
Hotel Hospitality
$4.05M
$3.54M – $4.72M
NOI $283,344 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Adaptable commercial space with highway exposure and ample parking.
Where is this retail space located?
The property is located at 1753 E State Hwy 97 Jourdanton, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High visibility location on Hwy 97; Ample parking with over 65 spaces; Flexible space options, divisible to 1,791 sq ft
