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Flex Industrial Property with Multiple Buildings

2684 W Us Hwy 290 Fredericksburg, TX 78624

Claim this Listing
For Sale
$2,150,000

COMMERCIAL - Fredericksburg, TX

Property size:
20,000 SF
Lot size:
5.74 Acres
Price / SF:
$107.50/SF
Added:
Jul 6, 2026
Days on Market:
9
Last Refresh:
Jul 14 at 4:06 am

Property Features for 2684 W Us Hwy 290

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Covered, Carport
Fencing
Fenced
Standard status
Active
APN
GE0 Co 411 1.5 acres GEO #399 4.24 acres
Size
20,000 SF
Lot size
5.74 Acres

Taxes and HOA fees

Tax Description
G E CO #411 1.5 G E CO #399 4.24, -SHOP

Utilities

Utilities
Propane
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Well

Building Details

Year built
1997
Flooring type
Hardwood
Building materials
Metal Siding
Roof type
Metal

Listing agent Jeff Hameister License #0594810

Listing office ERA Newlin & Company 1722 W Ave N, SAN ANGELO, TX

Listing date Jul 6, 2026

MLS# 200345

Copyright © 2026 San Angelo Association 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 flex industrial property consists of three freestanding buildings totaling over 20,000 square feet on 5.74 acres. The improvements include flexible configurations with private office spaces and restrooms, supporting both office-oriented and light industrial or distribution needs. Power is available with both 240V 3-phase and 480V service, which can accommodate a wider range of operations.

The property is positioned along Highway 290 West, with access to a heavily traveled corridor. It is located less than 3 miles from Fredericksburg, TX. Gillespie County tourism and year-round events are highlighted in the provided information, including more than 75 wineries and vineyards, along with boutique shopping and dining.

For owner-users or investors seeking a versatile setup, the combination of multiple buildings, on-site private office space, restroom accommodations, and higher-voltage power can support a variety of industrial, manufacturing, distribution, or commercial uses. The site’s visibility along Highway 290 West may also be a practical fit for tenants that benefit from roadside exposure while maintaining a flexible interior layout.

Key Highlights

  • Commercial property on Highway 290 West, less than 3 miles from Fredericksburg, TX
  • 5.74‑acre site with three freestanding buildings totaling over 20,000 SF
  • Flexible layout with private office spaces and restrooms

Local 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 (±1% cap)
NOI $267,300 @ 7.0% cap · market cap 12.43%
Second Best
Flex RnD
$2.35M
$2.05M – $2.74M (±1% cap)
NOI $164,155 @ 7.0% cap · market cap 7.64%
Theoretical Best
Hotel Hospitality
$15.15M
$13.25M – $17.67M (±1% cap)
NOI $1,060,200 @ 7.0% cap · market cap 49.31%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Building Supply Auto Parts Store Electrical Service Real Estate Agency Auto Repair Shop Plumbing Service Pharmacy (Bike/Boat/Book/etc) Store Hair Salon Locksmith

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

FAQs

What type of property is this?
Flex space - Multi-building flex site with private offices, restrooms, and 240V/480V power for a range of industrial and commercial uses.
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: Commercial property on Highway 290 West, less than 3 miles from Fredericksburg, TX; 5.74‑acre site with three freestanding buildings totaling over 20,000 SF; Flexible layout with private office spaces and restrooms
Contact an agent
More about this property
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