Highway Flex
2762 State Highway 21 E, Caldwell, TX 77836
For Sale
$2,950,000
Built in 2022 and positioned along State Highway 21 E in Burleson County.
Property Size18,940 SF
Days on Market94
Property Features for 2762 State Highway 21 E
General Information
Standard status
Size
Building Details
Building Size
Year Built
Listing Agency:
Clark Isenhour RealEstate Svcs
Listed By:
Blake Baumann · License TX #767080
(979) 229-9925
Source:
Evrealestate
Added: Aug 11
Changed: Nov 2
Last Checked: Nov 12 at 6:52AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$171,738
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
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
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Market
Vacancy Rate% for Industrial in South region
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
