Retail and Office
For Sale
$560,000
1707 State Hwy 21 W, Caldwell, TX 77836
For sale at the intersection of Hull and State Hwy 21 W in Caldwell, TX, with retail/showroom and office space categories.
Property Size3,000 SF
Days on Market49
Property Features for 1707 State Hwy 21 W
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Building Size
3,000 SF
Year Built
2018
Listing Agency:
Home & Ranch Real Estate
(979) 574-9228
Listed By:
Melinda Scott · License #0527396
(979) 574-9228
Source:
Elliman
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 1:44PM
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 Home & Ranch Real Estate
Investment Insights
Based on property information with market context.
This property is offered for sale and is listed with multiple commercial categories, including retail properties and spaces, showrooms, office units and office spaces, and conventional restaurant use.
Directions from Caldwell: from the intersection of HWY 21 and HWY 36, travel west approximately 1 mile. The property is on the left at the intersection of HULL and ST HWY 21. The county is Burleson, and the address is 1707 State Hwy 21 W, Caldwell, TX 77836.
The listing information supports a combination of frontage-based commercial space suited to a retail/showroom and office mix, with restaurant use also reflected in the property types.
Directions from Caldwell: from the intersection of HWY 21 and HWY 36, travel west approximately 1 mile. The property is on the left at the intersection of HULL and ST HWY 21. The county is Burleson, and the address is 1707 State Hwy 21 W, Caldwell, TX 77836.
The listing information supports a combination of frontage-based commercial space suited to a retail/showroom and office mix, with restaurant use also reflected in the property types.
Key Highlights
- Year built 2018
- Central air cooling and central heating
- High‑speed internet
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
$39,454
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
7.05%
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%
$789,080
$789.1K
Cap Rate 7%
$563,629
$563.6K
Cap Rate 9%
$438,378
$438.4K
Market Conditions
NOI Build-Up for 3,000 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
$63.0K $21.00/SF
− Vacancy
−$10.4K −$3.47/SF
EGI
$52.6K $17.54/SF
− OpEx
−$13.2K −$4.38/SF
NOI
$39.5K $13.15/SF
Area
Burleson County, TX
Vacancy
16.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$789,080
Cap Rate 7%
$563,629
Cap Rate 9%
$438,378
Alternative Uses
Best Use
Office B
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 7.05%
Second Best
Retail
$463.7K
$405.7K – $541.0K
NOI $32,458 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77836, TX
11,721
Population
5,990
Households
2
Avg Household Size
45
Median Age
22%
College-Educated
86%
High-School Grad
431.1 sq mi
ZIP Area
27
Density / Sq Mi
$79,567
Median Household Income
$45,291
Median Earnings
$869
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - For sale at the intersection of Hull and State Hwy 21 W in Caldwell, TX, with retail/showroom and office space categories.
Where is this showroom located?
The property is located at 1707 State Hwy 21 W Caldwell, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Year built 2018; Central air cooling and central heating; High‑speed internet
