Flex Space with Garage
For Sale
Contact for pricing
205 S Main Street #A, Elgin, TX 78621
Three rooms, a kitchen area, and a full bathroom provide a practical mix of work and support space.
Property Size1,660 SF
Price / SF$0.90
Days on Market28
Property Features for 205 S Main Street #A
General Information
Standard status
Active
Size
1,660 SF
Property subtype
Business
Additional Details
Property Use
Commercial
Amenities
kitchen area
Building Details
Year Built
1960
Listing Agency:
Jeanette Shelby, Realtors
(512) 281-3412
Listed By:
Morgan Garcia
(361) 676-2773
Source:
Hoydenhomes
Added: Oct 5
Changed: Oct 28
Last Checked: Nov 1 at 2:45AM
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 Jeanette Shelby, Realtors
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Investment Insights
Based on property information with market context.
This 1,660-square-foot flex space at 205 S Main Street #A in Elgin includes three rooms that can serve as offices, a kitchen area with a sink and refrigerator, and a full bathroom. A garage and workshop area, along with two closets, add functional space. The building dates to 1960.
The property is located in downtown Elgin.
The property is located in downtown Elgin.
Key Highlights
- 1,660 square feet of flex space
- Three separate rooms or offices
- Garage and workshop area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,792
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,840
$275.8K
Cap Rate 7%
$197,029
$197.0K
Cap Rate 9%
$153,244
$153.2K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$24.7K $14.88/SF
− Vacancy
−$3.5K −$2.10/SF
EGI
$21.2K $12.78/SF
− OpEx
−$7.4K −$4.47/SF
NOI
$13.8K $8.31/SF
Area
Bastrop County, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,840
Cap Rate 7%
$197,029
Cap Rate 9%
$153,244
Alternative Uses
Best Use
Industrial
$212.2K
$185.7K – $247.6K
NOI $14,853 @ 7.0% cap · market cap 990.20%
Second Best
Flex RnD
$197.0K
$172.4K – $229.9K
NOI $13,792 @ 7.0% cap · market cap 919.47%
Theoretical Best
Office A
$650.5K
$569.2K – $758.9K
NOI $45,535 @ 7.0% cap · market cap 3,035.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78621, TX
27,275
Population
10,671
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
81%
High-School Grad
177.7 sq mi
ZIP Area
153
Density / Sq Mi
$88,246
Median Household Income
$48,955
Median Earnings
$1,317
Median Rent
$262,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three rooms, a kitchen area, and a full bathroom provide a practical mix of work and support space.
Where is this flex space located?
The property is located at 205 S Main Street #A Elgin, TX.
What are key features of this property?
This property features: 1,660 square feet of flex space; Three separate rooms or offices; Garage and workshop area
