Corner Storefront
For Sale
$250,000
1400 FM 609, Flatonia, TX 78941
CommercialSale, Flatonia, TX
Property Size1,400 SF
Lot Size0.63 Acres
Price / SF$176.06
Days on Market122
Property Features for 1400 FM 609
General Information
Property type
Commercial Sale
Property subtype
Retail
Exterior features
Lighting
Subdivision
Fm 609 Annex
Lot features
Corner Lot, City Lot, Quarter To Half Acre Lot
Directions
From Ih-10 in Flatonia, exit and go north on FM 609 just about 1/2 mile or less depending if youre coming from east or west. Property is across from Amigos gas station.
Standard status
Active
APN
R46365
Size
1,420 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FM 609 ANNEX .63 COMM - OFFICE
Tax Annual Amount
2485
Legal Description
FM 609 ANNEX .63 COMM - OFFICE
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1994
Floors in Building
2
Flooring type
Carpet, Wood
Building materials
HardiplankType
Roof type
Metal
Listing Agency:
South Central Real Estate
(361) 865-2563
Listed By:
Tanya Campbell Schindler · License #0510632
(979) 743-1737
Added: Apr 24
Changed: Aug 20
Last Checked: Aug 23 at 8:06AM
MLS# 611804
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,420-square-foot storefront property sits on a 0.63-acre corner parcel at FM 609 and Slaughterhouse Road. The 1.5-story building was constructed in 1994 and includes several desk and work areas, a compact kitchen, one full bathroom, and one half bath. Interior finishes include carpet and wood flooring, while exterior features include lighting and Hardiplank siding.
The property is served by public water and public sewer and has a metal roof. Its corner position provides access from the intersection of FM 609 and Slaughterhouse Road in Flatonia, Texas. The real estate business formerly operating from the building is not included in the sale.
The property is served by public water and public sewer and has a metal roof. Its corner position provides access from the intersection of FM 609 and Slaughterhouse Road in Flatonia, Texas. The real estate business formerly operating from the building is not included in the sale.
Key Highlights
- 1,420‑square‑foot storefront building on a 0.63‑acre corner parcel
- Located at FM 609 and Slaughterhouse Road in Flatonia, Texas
- 1.5‑story building constructed in 1994
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
$19,234
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
7.69%
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%
$384,680
$384.7K
Cap Rate 7%
$274,771
$274.8K
Cap Rate 9%
$213,711
$213.7K
Market Conditions
NOI Build-Up for 1,420 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
$29.1K $20.52/SF
− Vacancy
−$1.7K −$1.17/SF
EGI
$27.5K $19.35/SF
− OpEx
−$8.2K −$5.81/SF
NOI
$19.2K $13.55/SF
Area
Fayette County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$384,680
Cap Rate 7%
$274,771
Cap Rate 9%
$213,711
Alternative Uses
Best Use
Retail
$274.8K
$240.4K – $320.6K
NOI $19,234 @ 7.0% cap · market cap 7.69%
Second Best
Office B
$271.7K
$237.8K – $317.0K
NOI $19,020 @ 7.0% cap · market cap 7.61%
Theoretical Best
Multifamily LT 5
$15.92M
$13.93M – $18.57M
NOI $1,114,421 @ 7.0% cap · market cap 445.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with multiple work areas, kitchen space, and two bathrooms.
Where is this storefront property located?
The property is located at 1400 FM 609 Flatonia, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,420‑square‑foot storefront building on a 0.63‑acre corner parcel; Located at FM 609 and Slaughterhouse Road in Flatonia, Texas; 1.5‑story building constructed in 1994
