Mixed-Use Property with Covered
1994 N FM 356, Onalaska, TX 77360
For Sale
Contact for pricing
A home-office area with kitchen and two bathrooms is paired with expansive covered workshop space.
Property Size2,000 SF
Lot Size1.50 Acres
Price / SF$199.50
Days on Market10
Property Features for 1994 N FM 356
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Condition
Office Build-Out
Property Use
Listing Agency:
United Real Estate
Listed By:
Holly Knee · License TX #625884
(281) 541-5393
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 10 at 8:02AM
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 United Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines 2,000 square feet of built-out home and office space with 14,000 square feet of covered workshop and awning area. The interior includes a full kitchen and two bathrooms. The office portion requires repair, while the existing layout supports both work and residential functions.
The property is situated on a 1.5-acre area to be surveyed from the existing 3.93-acre tract. Its combination of interior space and covered work area provides a range of practical configurations for mixed-use occupancy.
The property is situated on a 1.5-acre area to be surveyed from the existing 3.93-acre tract. Its combination of interior space and covered work area provides a range of practical configurations for mixed-use occupancy.
Key Highlights
- 2,000 SF of built‑out home and office space
- 14,000 SF of covered workshop and awning area
- Full kitchen and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,456
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,120
$549.1K
Cap Rate 7%
$392,229
$392.2K
Cap Rate 9%
$305,067
$305.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$49.9K $24.96/SF
− Vacancy
−$6.0K −$3.00/SF
EGI
$43.9K $21.96/SF
− OpEx
−$16.5K −$8.24/SF
NOI
$27.5K $13.73/SF
Area
Polk County, TX
Vacancy
12.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,120
Cap Rate 7%
$392,229
Cap Rate 9%
$305,067
Alternative Uses
Best Use
Mixed Use
$392.2K
$343.2K – $457.6K
NOI $27,456 @ 7.0% cap · market cap 6.88%
Second Best
Industrial
$147.1K
$128.7K – $171.7K
NOI $10,299 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$509.8K
$446.1K – $594.7K
NOI $35,684 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 77360, TX
5,603
Population
3,284
Households
1.7
Avg Household Size
51
Median Age
7%
College-Educated
85%
High-School Grad
33.0 sq mi
ZIP Area
170
Density / Sq Mi
$49,004
Median Household Income
$24,211
Median Earnings
$1,049
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A home-office area with kitchen and two bathrooms is paired with expansive covered workshop space.
Where is this mixed-use property located?
The property is located at 1994 N FM 356 Onalaska, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,000 SF of built‑out home and office space; 14,000 SF of covered workshop and awning area; Full kitchen and two bathrooms
