Retail-Industrial Flex
New
For Sale
$725,000
212 Otis Dr, Woodway, TX 76712
The property combines retail and industrial space at the Highway 84 and Highway 6 junction.
Property Size7,084 SF
Price / SF$102.34
Days on Market2
Property Features for 212 Otis Dr
General Information
Standard status
Active
Size
7,084 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Property Use
Retail/Industrial
Building Details
Building Size
7,084 SF
Listing Agency:
Cromwell Commercial Group
Listed By:
Will Phipps · License #0744913
(254) 313-0000
Source:
Cbcworldwide
Added: Oct 23
Last Checked: Oct 24 at 1:28PM
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 Cromwell Commercial Group
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Investment Insights
Based on property information with market context.
This 7,084±-square-foot flex property includes retail and industrial space. Its position at the junction of Highway 84 and Highway 6 provides access to both routes.
Key Highlights
- 7,084± SF of flex space
- Retail and industrial space
- At the Highway 84 and Highway 6 junction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,835
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,700
$1.0M
Cap Rate 7%
$726,214
$726.2K
Cap Rate 9%
$564,833
$564.8K
Market Conditions
NOI Build-Up for 7,084 SF
Gross rent
$85.0K $12.00/SF
− Vacancy
−$6.8K −$0.96/SF
EGI
$78.2K $11.04/SF
− OpEx
−$27.4K −$3.86/SF
NOI
$50.8K $7.18/SF
Area
McLennan County, TX
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,700
Cap Rate 7%
$726,214
Cap Rate 9%
$564,833
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,955 @ 7.0% cap · market cap 13.24%
Second Best
Flex RnD
$726.2K
$635.4K – $847.3K
NOI $50,835 @ 7.0% cap · market cap 7.01%
Theoretical Best
Multifamily LT 5
$88.25M
$77.22M – $102.96M
NOI $6,177,453 @ 7.0% cap · market cap 852.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines retail and industrial space at the Highway 84 and Highway 6 junction.
Where is this flex space located?
The property is located at 212 Otis Dr Woodway, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 7,084± SF of flex space; Retail and industrial space; At the Highway 84 and Highway 6 junction
