Renovated Mixed-Use Office
For Sale
$264,000
208 Texas Ave, Slaton, TX 79364
Updated interior supports office, executive suite, and short-term rental operations with a conference room, bathrooms, and full kitchen.
Property Size2,200 SF
Price / SF$120
Days on Market10
Property Features for 208 Texas Ave
General Information
Standard status
Active
Size
2,200 SF
Taxes and HOA fees
Annual Taxes
$657
Amenities
conference room
full kitchen
Listing Agency:
Real Broker, LLC
(806) 777-5240
Listed By:
Abel Munoz · License #0842641
(806) 777-5240
Source:
Exprealty
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 4:32AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Located at 208 Texas Ave in Slaton, this 2,200 SF mixed-use property has been renovated for flexible commercial occupancy. The interior includes five private offices, a spacious conference room, two full bathrooms, and a full kitchen. It is currently operating as an Airbnb, providing an established short-term rental configuration alongside its office-oriented layout.
The property sits one block from Slaton’s historic downtown square. Its existing arrangement can accommodate professional office use, executive suites, short-term rental operations, or boutique hospitality, subject to applicable requirements. The combination of private work areas and shared amenities creates a practical setup for multiple commercial formats.
The property sits one block from Slaton’s historic downtown square. Its existing arrangement can accommodate professional office use, executive suites, short-term rental operations, or boutique hospitality, subject to applicable requirements. The combination of private work areas and shared amenities creates a practical setup for multiple commercial formats.
Key Highlights
- 2,200 SF renovated mixed‑use property
- Five private offices and a spacious conference room
- Two full bathrooms and a full kitchen
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $15.72 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $32.4k | $14.75 |
| − OpEx | −$14.6k | −$6.64 |
| NOI | $17.8k | $8.11 |
2,200 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 10.97%
Second Best
Office B
$410.9K
$359.5K – $479.3K
NOI $28,760 @ 7.0% cap · market cap 10.89%
Theoretical Best
Office A
$554.6K
$485.3K – $647.1K
NOI $38,824 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 79364, TX
7,985
Population
2,949
Households
2.7
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
210.5 sq mi
ZIP Area
38
Density / Sq Mi
$55,221
Median Household Income
$39,774
Median Earnings
$1,018
Median Rent
$89,200
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?
Mixed-use property - Updated interior supports office, executive suite, and short-term rental operations with a conference room, bathrooms, and full kitchen.
Where is this mixed-use property located?
The property is located at 208 Texas Ave Slaton, TX.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: 2,200 SF renovated mixed‑use property; Five private offices and a spacious conference room; Two full bathrooms and a full kitchen
