Freestanding Flex Industrial
For Sale
$2,150,000
2684 W US Hwy 290, Fredericksburg, TX 78624
COMMERCIAL - Fredericksburg, TX
Property Size20,000 SF
Lot Size5.74 Acres
Price / SF$107.50
Days on Market170
Property Features for 2684 W US Hwy 290
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Fredericksburg
Middle school district
Fredericksburg
High school district
Fredericksburg
Standard status
Active
Lot size
5.74 Acres
Taxes and HOA fees
Tax Annual Amount
9784
Listing Agency:
ERA Newlin & Company - FBG
(325) 481-0500
Listed By:
Jeffrey Hameister
(325) 374-1737
Added: Feb 16
Changed: Aug 4
Last Checked: Aug 5 at 5:06AM
MLS# 101740
Copyright © 2026 Central Hill Country 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.
This for-sale commercial property is a multi-building industrial/flex campus on 5.74 acres, featuring three freestanding buildings totaling over 20,000 square feet of combined space. The improvements include flexible layouts with private office spaces and restrooms, supporting a range of commercial and industrial use types. Electrical service includes both 240V 3-phase and 480V power available.
The site is positioned along Highway 290 West and is located less than 3 miles from Fredericksburg, Texas. This Highway 290 frontage provides visibility to a heavily traveled corridor and quick access to the Fredericksburg area.
The combination of warehouse-style building configuration, private office space with restrooms, and available 3-phase/480V power makes the property practical for owner-users or businesses that need both operational space and on-site administrative space. It can also fit distribution, manufacturing, or other industrial-oriented requirements where flexible commercial improvements and on-site power options are important.
The site is positioned along Highway 290 West and is located less than 3 miles from Fredericksburg, Texas. This Highway 290 frontage provides visibility to a heavily traveled corridor and quick access to the Fredericksburg area.
The combination of warehouse-style building configuration, private office space with restrooms, and available 3-phase/480V power makes the property practical for owner-users or businesses that need both operational space and on-site administrative space. It can also fit distribution, manufacturing, or other industrial-oriented requirements where flexible commercial improvements and on-site power options are important.
Key Highlights
- Prime location on highly traveled Highway 290, less than 3 miles from Fredericksburg, TX.
- Substantial 5.74‑acre site with three freestanding buildings totaling over 20,000 sq ft.
- Positioned to capitalize on Fredericksburg's thriving tourism industry and economic growth.
Financial Insights For Flex RnD
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 | $294.0k | $14.70 |
| − Vacancy | −$41.5k | −$2.07 |
| EGI | $252.5k | $12.63 |
| − OpEx | −$88.4k | −$4.42 |
| NOI | $164.2k | $8.21 |
20,000 SF · lease $14.70/SF/yr · vacancy 14.10% · expense 35.00%
Alternative Uses
Best Use
Office B
$3.82M
$3.34M – $4.46M
NOI $267,300 @ 7.0% cap · market cap 12.43%
Second Best
Flex RnD
$2.35M
$2.05M – $2.74M
NOI $164,155 @ 7.0% cap · market cap 7.64%
Theoretical Best
Hotel Hospitality
$15.15M
$13.25M – $17.67M
NOI $1,060,200 @ 7.0% cap · market cap 49.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78624, TX
23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
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?
Flex space - Multi-building flex/industrial campus with private offices, restrooms, and 3-phase power for varied operations.
Where is this flex space located?
The property is located at 2684 W US Hwy 290 Fredericksburg, TX.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Prime location on highly traveled Highway 290, less than 3 miles from Fredericksburg, TX.; Substantial 5.74‑acre site with **three freestanding buildings totaling over 20,000 sq ft.**; Positioned to capitalize on Fredericksburg's thriving tourism industry and economic growth.
