Building Details

Buildings 1

Building Size 1,400 SF

Listing Agency: Holub Real Estate, LLC Show Phone

Listed By: Goya Corona Show Phone

Source: Garygreene

Added: Jul 7, 2025 Changed: Oct 7 Last Checked: Oct 7 at 10:09AM

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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 Holub Real Estate, LLC

Investment Insights

Based on property information with market context.

This 1,400-square-foot office property occupies a 0.63-acre corner lot at FM 609 and Slaughterhouse Road. The 1.5-story layout includes multiple desk and work areas, a compact kitchen, one full bathroom, and one half bath. Interior finishes include carpet and wood, while the metal exterior features lighting and access from a paved road.

Constructed in 1994, the property was most recently used as a real estate sales office. The real estate business is not included in the sale. Its corner setting in Flatonia provides a defined commercial location for an office user or owner seeking a small standalone property.

Key Highlights

• 1,400‑square‑foot office property on a 0.63‑acre corner lot
• Located at FM 609 and Slaughterhouse Road in Flatonia, Texas
• 1.5‑story layout with multiple desk and work areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,753

Cap Rate

7.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,060 $375.1K

Cap Rate 7%

$267,900 $267.9K

Cap Rate 9%

$208,367 $208.4K

Market Conditions

NOI Build-Up for 1,400 SF

Gross rent

$34.4K $24.60/SF

− Vacancy

−$9.4K −$6.74/SF

EGI

$25.0K $17.86/SF

− OpEx

−$6.3K −$4.46/SF

NOI

$18.8K $13.39/SF

Area

Fayette County, TX

Vacancy

27.40%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,060

Cap Rate 7%

$267,900

Cap Rate 9%

$208,367

Alternative Uses

Best Use

Office B

$267.9K

$234.4K – $312.6K (±1% cap)

NOI $18,753 @ 7.0% cap · market cap 7.53%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$15.70M

$13.73M – $18.31M (±1% cap)

NOI $1,098,725 @ 7.0% cap · market cap 441.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Electrical Service Plumbing Service Storage Facility Bakery Grocery & Convenience Store Garden Center

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

72

Businesses Nearby

Explore this area Business Placement

Demographics for 78941, TX

3,006

Population

1,749

Households

1.7

Avg Household Size

47

Median Age

17%

College-Educated

88%

High-School Grad

161.8 sq mi

ZIP Area

19

Density / Sq Mi

$75,694

Median Household Income

$36,270

Median Earnings

$882

Median Rent

$171,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units 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?

Office units - Flexible 1.5-story layout with work areas, kitchen space, and two bathrooms.

Where is this office units located?

The property is located at 1400 Fm 609 Flatonia, TX.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: 1,400‑square‑foot office property on a 0.63‑acre corner lot; Located at FM 609 and Slaughterhouse Road in Flatonia, Texas; 1.5‑story layout with multiple desk and work areas