Downtown Schulenburg Versatile Commercial
702 Upton Ave Schulenburg, TX 78956
702 Upton Ave, Schulenburg, TX, 78956
$160,000
For Sale
$160,000
Expansive 2,600 SF building in the heart of downtown Schulenburg.
Property Size2,600 SF
Price / SF$61.54
Days on Market86
Property Features for 702 Upton Ave
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing Agency
Bubela & Associates, Inc.
(512) 779-5682
Listed by
Chip Bubela · License #0566009
(512) 779-5682
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 2:47 am
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 Bubela & Associates, Inc.
Investment Insights
Based on property information with market context.
Located in the heart of downtown Schulenburg, this corner lot property across from the local police department features an expansive 2,600 square foot building designed to accommodate a variety of businesses. The main section offers flexible space suitable for retail or office use. Previously a Sears store and an electrical contractor's site, the property benefits from high visibility and foot traffic. The back warehouse includes a mezzanine for additional storage. A side door provides easy loading and access. The downtown area is experiencing growth with new businesses and restaurants. Potential uses for this versatile space include e-commerce retailers needing storage and office space, contractors requiring equipment storage and administrative space, small manufacturers needing production and storage areas, regional distribution companies, service providers needing an operations base with storage, start-ups seeking flexible space, catering operations, creative enterprises needing studio and office space, health and wellness providers, and logistics and freight companies. The property has a walk score of 68, indicating it is somewhat walkable, and a bike score of 48, indicating it is somewhat bikeable.
Key Highlights
- High‑visibility corner lot location in the heart of downtown Schulenburg, across from the police department.
- Expansive 2,600 SF building with flexible space suitable for various business types.
- Warehouse with mezzanine provides additional storage space.
Local Financial Insights For Industrial
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 | $20.9k | $8.04 |
| − Vacancy | −$1.9k | −$0.73 |
| EGI | $19.0k | $7.31 |
| − OpEx | −$5.7k | −$2.19 |
| NOI | $13.3k | $5.12 |
2,600 SF · lease $8.04/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$503.1K
$440.2K – $587.0K
NOI $35,218 @ 7.0% cap · market cap 22.01%
Second Best
Warehouse
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 9.97%
Theoretical Best
Multifamily LT 5
$29.15M
$25.51M – $34.01M
NOI $2,040,489 @ 7.0% cap · market cap 1,275.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Expansive 2,600 SF building in the heart of downtown Schulenburg.
Where is this flex space located?
The property is located at 702 Upton Ave Schulenburg, TX.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: High‑visibility corner lot location in the heart of downtown Schulenburg, across from the police department.; Expansive 2,600 SF building with flexible space suitable for various business types.; Warehouse with mezzanine provides additional storage space.
