Building Details

Year Built 1960

Stories 1

Listing Agency: Kelly Commercial

Listed By: Nathan Embry · License #668380 Show Phone

Source: Crexi

Added: Feb 5 Changed: Oct 6 Last Checked: Oct 12 at 6:43PM

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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 Kelly Commercial

Investment Insights

Based on property information with market context.

This hospitality property, comprising 2,928 square feet, is available for sale. The property benefits from highway access and presents a value-add opportunity.

Key Highlights

• 13 Cap Value Add
• Highway Access
• Year Built: 1960

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,514

Cap Rate

3.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$210,280 $210.3K

Cap Rate 7%

$150,200 $150.2K

Cap Rate 9%

$116,822 $116.8K

Market Conditions

NOI Build-Up for 2,928 SF

Gross rent

$35.1K $12.00/SF

− Vacancy

−$13.0K −$4.44/SF

EGI

$22.1K $7.56/SF

− OpEx

−$11.6K −$3.97/SF

NOI

$10.5K $3.59/SF

Area

McLennan County, TX

Vacancy

37.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$210,280

Cap Rate 7%

$150,200

Cap Rate 9%

$116,822

Alternative Uses

Best Use

Hotel Hospitality

$150.2K

$131.4K – $175.2K (±1% cap)

NOI $10,514 @ 7.0% cap · market cap 3.63%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$36.48M

$31.92M – $42.56M (±1% cap)

NOI $2,553,301 @ 7.0% cap · market cap 880.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Hospitality properties

Suggested Use

Top Pick Real Estate Agency Building Supply Hair Salon Auto Parts Store Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

Explore this area Business Placement

Demographics for 76664, TX

3,269

Population

1,292

Households

2.5

Avg Household Size

39

Median Age

12%

College-Educated

88%

High-School Grad

132.6 sq mi

ZIP Area

25

Density / Sq Mi

$72,600

Median Household Income

$42,750

Median Earnings

$919

Median Rent

$133,800

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this hospitality properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Hospitality property - Hospitality property for sale with highway access and value-add potential.

Where is this hospitality property located?

The property is located at 1201 E Texas Ave Mart, TX.

What is the asking price?

The asking price for this property is $290,000.

What are key features of this property?

This property features: 13 Cap Value Add; Highway Access; Year Built: 1960