Highway Flex
New
For Sale
$2,950,000
2762 State Highway 21 E, Caldwell, TX 77836
Built in 2022 and positioned along State Highway 21 E in Burleson County.
Property Size18,940 SF
Days on Market2
Property Features for 2762 State Highway 21 E
General Information
Standard status
Active
Size
18,940 SF
Building Details
Building Size
18,940 SF
Year Built
2022
Listing Agency:
Clark Isenhour RealEstate Svcs
(979) 229-9925
Listed By:
Blake Baumann · License #767080
(979) 229-9925
Source:
Evrealestate
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 4:18AM
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 Clark Isenhour RealEstate Svcs
Investment Insights
Based on property information with market context.
This flex space was constructed in 2022 and is offered for sale. The property is located at 2762 State Highway 21 E in Caldwell, Texas, within Burleson County.
The site sits along the eastbound side of State Highway 21 E when approaching Caldwell from Bryan, before reaching the center of Caldwell. Its highway-address location provides a clear point of reference for prospective users evaluating the property.
The site sits along the eastbound side of State Highway 21 E when approaching Caldwell from Bryan, before reaching the center of Caldwell. Its highway-address location provides a clear point of reference for prospective users evaluating the property.
Key Highlights
- Flex space constructed in 2022
- Located at 2762 State Highway 21 E, Caldwell, TX 77836
- Situated in Burleson County
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
$171,738
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
5.82%
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%
$3,434,760
$3.4M
Cap Rate 7%
$2,453,400
$2.5M
Cap Rate 9%
$1,908,200
$1.9M
Market Conditions
NOI Build-Up for 18,940 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
$284.1K $15.00/SF
− Vacancy
−$19.9K −$1.05/SF
EGI
$264.2K $13.95/SF
− OpEx
−$92.5K −$4.88/SF
NOI
$171.7K $9.07/SF
Area
Burleson County, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$3,434,760
Cap Rate 7%
$2,453,400
Cap Rate 9%
$1,908,200
Alternative Uses
Best Use
Flex RnD
$2.45M
$2.15M – $2.86M
NOI $171,738 @ 7.0% cap · market cap 5.82%
Second Best
Warehouse
$1.97M
$1.72M – $2.30M
NOI $137,936 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$4.66M
$4.08M – $5.44M
NOI $326,465 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77836, TX
11,721
Population
5,990
Households
2
Avg Household Size
45
Median Age
22%
College-Educated
86%
High-School Grad
431.1 sq mi
ZIP Area
27
Density / Sq Mi
$79,567
Median Household Income
$45,291
Median Earnings
$869
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Built in 2022 and positioned along State Highway 21 E in Burleson County.
Where is this flex space located?
The property is located at 2762 State Highway 21 E Caldwell, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Flex space constructed in 2022; Located at 2762 State Highway 21 E, Caldwell, TX 77836; Situated in Burleson County
