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    209 S Main Street Salado, TX 76571

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    Claim this Listing
    New
    For Sale
    $1,250,000

    COMMERCIAL - Salado, TX

    Property size:
    3,295 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $379/SF
    Added:
    Apr 30, 2026
    Days on Market:
    5
    Last Refresh:
    May 4 at 3:06 am

    Property Features for 209 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    48988
    Size
    3,295 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    A0398BC H W HURD, (OUTLOT), SALADO HOMES, ACCENTS OF SALADO, ACRES 0.569
    Tax Annual Amount
    5426

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water front
    1

    Building Details

    Year built
    1987
    Floors in Building
    2
    Building materials
    WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Arion Crenshaw

    Listing agent Arion Crenshaw License #0725111

    Listing office Engel & Volkers Austin 3700 Bee Caves Road Suite 102, TX

    Listing date Apr 30, 2026

    MLS# 612101

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Salado Mixed-Use Investment Property

    Located in the Historic Village of Salado, this mixed-use property, known historically as the Old Davis Mill and designated as Historic Salado Site 18, sits on 0.57 acres. The property offers 3,295 square feet of office and retail space, along with additional storage and utility space. It features a diversified tenant mix, including retail, boutique, salon, office, and massage, with leases in place and rent escalations already built in. Each suite has its own dedicated entrance, and the entire lower level opens into itself. The upstairs suite includes 2 bedrooms, a bathroom, kitchen, and living area, while the gazebo suite features 1 bedroom with bathroom, offering potential as an Airbnb or private apartment. The property has been thoughtfully updated while preserving its original character, featuring newer siding, a freshly painted exterior, and updated HVAC systems. It is connected to city sewer. Outdoor features include covered porches, a covered deck, a gazebo deck, a stone walkway, dedicated parking, and an event-friendly concrete patio. Positioned directly on Main Street with approximately 100 feet of private Salado Creek frontage, the property is located across the creek from Barrow Brewing. It is situated in a walkable downtown area with dining, shopping, antiques, and live music, close to I-35.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rachel Draper Wellness Medical Clinic Hailey Craig Licensed ... Real Estate Agency Lynne Sloane - TX ... Real Estate Agency Woof.Salado (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salado
    County
    Bell
    State
    Texas
    Longitude
    -97.53628
    Latitude
    30.949487

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    FAQs

    What type of property is this?
    Mixed-use property - Income-generating property in the heart of Salado's historic village.
    Where is this mixed-use property located?
    The property is located at 209 S Main Street Salado, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Income‑generating property with existing leases and diversified tenant mix.; Multiple revenue streams possible via Airbnb or private apartments (2BR and 1BR suites).; Prime location in the heart of the Historic Village of Salado on Main Street with +/- 100 feet of private Salado Creek frontage.
    (512) 994-6949
    We can help!
    Listing Contact
    Arion Crenshaw
    Real Estate License ID: 0725111
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    209 S Main Street, Salado, TX 76571

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