Flexible Town Square
For Sale
$449,000
227 West Travis Street, La Grange, TX 78945
Commercial, La Grange, TX
Property Size2,634 SF
Lot Size0.07 Acres
Price / SF$170.46
Days on Market295
Property Features for 227 West Travis Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Exterior features
Wood
High school district
La Grange ISD
Directions
Located on south side of square in La Grange.
Standard status
Active
APN
R36730
Size
2,634 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3892
Utilities
Water source
Public
Amenities
tall ceilings
abundant natural light
open layout
Building Details
Floors in Building
1
Building materials
Standard Frame
Listing Agency:
ROUND TOP REAL ESTATE
(979) 249-5732
Listed By:
Lisa Mayer · License #0370366
(979) 966-3686
Added: Dec 5, 2025
Changed: Sep 22
Last Checked: Sep 26 at 6:06AM
MLS# 154313
Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 227 West Travis Street in La Grange, this 2,634-square-foot storefront property occupies a 0.07-acre site on the town square. The building has an open interior, tall ceilings, abundant natural light, one bathroom, wood exterior elements, and standard-frame construction. Its configuration can accommodate a single larger operation or two separate units.
The property is positioned in downtown La Grange with frontage on the town square and exposure to foot and vehicle traffic. Public water serves the building. The flexible interior may support office, retail, boutique, studio, or professional-service use, subject to applicable requirements.
The property is positioned in downtown La Grange with frontage on the town square and exposure to foot and vehicle traffic. Public water serves the building. The flexible interior may support office, retail, boutique, studio, or professional-service use, subject to applicable requirements.
Key Highlights
- 2,634 SF storefront property on a 0.07‑acre site
- Located on the La Grange town square at 227 West Travis Street
- Interior can be arranged as one unit or two separate units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,678
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,560
$713.6K
Cap Rate 7%
$509,686
$509.7K
Cap Rate 9%
$396,422
$396.4K
Market Conditions
NOI Build-Up for 2,634 SF
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.
Gross rent
$54.0K $20.52/SF
− Vacancy
−$3.1K −$1.17/SF
EGI
$51.0K $19.35/SF
− OpEx
−$15.3K −$5.81/SF
NOI
$35.7K $13.55/SF
Area
Fayette County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,560
Cap Rate 7%
$509,686
Cap Rate 9%
$396,422
Alternative Uses
Best Use
Retail
$509.7K
$446.0K – $594.6K
NOI $35,678 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$29.53M
$25.84M – $34.45M
NOI $2,067,173 @ 7.0% cap · market cap 460.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78945, TX
10,483
Population
5,461
Households
1.9
Avg Household Size
46
Median Age
31%
College-Educated
91%
High-School Grad
248.2 sq mi
ZIP Area
42
Density / Sq Mi
$76,221
Median Household Income
$40,180
Median Earnings
$747
Median Rent
$299,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space with tall ceilings, natural light, and a layout that can support one or two business units.
Where is this storefront property located?
The property is located at 227 West Travis Street La Grange, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,634 SF storefront property on a 0.07‑acre site; Located on the La Grange town square at 227 West Travis Street; Interior can be arranged as one unit or two separate units
