Fully Leased Retail and Event
For Sale
Contact for pricing
2610 Main St, Buda, TX 78610
65,000 SF retail destination on 8.06 acres in Buda, TX.
Property Size65,000 SF
Lot Size8.06 Acres
Price / SF$242.31
Days on Market200
Property Features for 2610 Main St
General Information
Standard status
Active
Size
65,000 SF
Lot size
8.06 Acres
Property subtype
Industrial, Mixed Use, Retail
Zoning
ETJ
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$916,820
Building Details
Year Built
2019
Buildings
1
Tenancy
Multi
Listing Agency:
Gold Tier Real Estate LLC
Listed By:
Colin Tierney · License #TX 703959
(512) 674-5727
Source:
Crexi
Added: Mar 10
Changed: Sep 13
Last Checked: Sep 24 at 9:28AM
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 Gold Tier Real Estate LLC
Investment Insights
Based on property information with market context.
Sunfield Station is a fully leased retail and event destination encompassing 65,000 square feet and situated on 8.06 acres. Constructed in 2019, this commercial hub features a tenant mix that includes CTX Fieldhouse, LOVB, State Farm, Gracie Barra, Gateway Church, Flux Stretch Studio, and CTX Beach. The property benefits from its location in a dynamic growth corridor within the Austin metro area and draws consistent foot traffic from the nearby Sunfield master-planned community. The property has over 700 feet of Main Street frontage and immediate access to I-35. Approval is in place for three additional 5,000 square foot pad site buildings. Positioned in a market that has experienced substantial population growth since 2000, Sunfield Station offers investors a turnkey, income-producing asset with growth potential.
Key Highlights
- Fully leased 65,000 SF retail and event destination.
- Located in a dynamic growth corridor of the Austin metro area.
- Anchors a thriving tenant mix with consistent foot traffic.
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
$1,144,536
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
7.27%
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%
$22,890,720
$22.9M
Cap Rate 7%
$16,350,514
$16.4M
Cap Rate 9%
$12,717,067
$12.7M
Market Conditions
NOI Build-Up for 65,000 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
$1.69M $26.04/SF
− Vacancy
−$57.5K −$0.89/SF
EGI
$1.64M $25.15/SF
− OpEx
−$490.5K −$7.55/SF
NOI
$1.14M $17.61/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /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%
$22,890,720
Cap Rate 7%
$16,350,514
Cap Rate 9%
$12,717,067
Alternative Uses
Best Use
Retail
$16.35M
$14.31M – $19.08M
NOI $1,144,536 @ 7.0% cap · market cap 7.27%
Second Best
Mixed Use
$12.54M
$10.97M – $14.63M
NOI $877,500 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$27.17M
$23.78M – $31.70M
NOI $1,902,014 @ 7.0% cap · market cap 12.08%
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
162
Businesses Nearby
81k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 13%
Hotels & Casinos 7%
McDonald's
Dining
36,667 visits/mo
0.5 miles
Starbucks
Dining
21,618 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
6,431 visits/mo
0.5 miles
A+ Federal Credit Union
Shops & Services
4,795 visits/mo
0.5 miles
Grease Monkey
Shops & Services
2,552 visits/mo
0.5 miles
Demographics for 78610, TX
45,134
Population
17,271
Households
2.6
Avg Household Size
35
Median Age
42%
College-Educated
91%
High-School Grad
96.9 sq mi
ZIP Area
466
Density / Sq Mi
$110,417
Median Household Income
$58,770
Median Earnings
$1,736
Median Rent
$379,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - 65,000 SF retail destination on 8.06 acres in Buda, TX.
Where is this shopping center located?
The property is located at 2610 Main St Buda, TX.
What is the asking price?
The asking price for this property is $15,750,000.
What are key features of this property?
This property features: Fully leased 65,000 SF retail and event destination.; Located in a dynamic growth corridor of the Austin metro area.; Anchors a thriving tenant mix with consistent foot traffic.
