C3-Zoned Warehouse
1940 S Austin Ave, Georgetown, TX 78626
For Sale
$1,000,000
C3 zoning is paired with plans illustrating interior improvements and a possible building addition.
Property Size4,800 SF
Days on Market53
Property Features for 1940 S Austin Ave
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Stribling Properties
Listed By:
Scott Stribling
(512) 630-7535
Source:
Zellteam
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 6 at 4:44PM
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 Century 21 Stribling Properties
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Investment Insights
Based on property information with market context.
This warehouse property was built in 1940 and sits on more than an acre at 1940 S Austin Ave in Georgetown, Texas. The site carries C3 zoning, supporting a commercial redevelopment profile within the city.
A permit set of plans is included to illustrate potential interior improvements and a possible addition to the existing building. The plans provide a framework for evaluating future modifications while preserving flexibility for the property's next configuration.
A permit set of plans is included to illustrate potential interior improvements and a possible addition to the existing building. The plans provide a framework for evaluating future modifications while preserving flexibility for the property's next configuration.
Key Highlights
- C3 zoning in Georgetown
- More than one acre of property
- 1940 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,325
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,500
$966.5K
Cap Rate 7%
$690,357
$690.4K
Cap Rate 9%
$536,944
$536.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$71.4K $14.88/SF
− Vacancy
−$14.6K −$3.04/SF
EGI
$56.9K $11.84/SF
− OpEx
−$8.5K −$1.78/SF
NOI
$48.3K $10.07/SF
Area
Williamson County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,500
Cap Rate 7%
$690,357
Cap Rate 9%
$536,944
Alternative Uses
Best Use
Warehouse
$690.4K
$604.1K – $805.4K
NOI $48,325 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,456 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Williamson County, TX
Properties on Market for Warehouses in Williamson County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- Hometown Self Storage — 401 W 21st St, Georgetown, TX 78626
Frequently Asked Questions
What type of property is this?
Warehouse - C3 zoning is paired with plans illustrating interior improvements and a possible building addition.
Where is this warehouse located?
The property is located at 1940 S Austin Ave Georgetown, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: C3 zoning in Georgetown; More than one acre of property; 1940 construction year
