Building Details

Building Size 13,600 SF

Year Built 2001

Stories 2

Listing Agency: Keller Williams Realty

Listed By: Kevin White · License #0483240 Show Phone

Source: Teamwestre

Added: Apr 18 Changed: Oct 11 Last Checked: Oct 21 at 5:07AM

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Investment Insights

Based on property information with market context.

This established commercial warehouse building is suitable for multiple uses, including distribution, with a covered loading dock and ample room for trucks and customers. The main building totals 13,600 SF (BCAD) and features a 16-ft eave height and a 28-ft center beam height. The building is believed to be approximately 80 ft by 170 ft, and the layout may allow for creating multiple spaces. The property also includes 1st- and 2nd-floor interior offices on the south end of the building.

The site offers 6.0+/- acres, providing additional outdoor space to support truck access and operational needs.

With warehouse height suitable for storage and covered loading for day-to-day logistics, the property includes on-site office space while maintaining a larger distribution-oriented footprint.

Key Highlights

• 13,600 SF main building with 16‑ft eave height and 28‑ft center beam height
• 6.0+/- acres with a covered loading dock and ample room for trucks and customers
• 50 parking spaces included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$136,922

Cap Rate

7.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,738,440 $2.7M

Cap Rate 7%

$1,956,029 $2.0M

Cap Rate 9%

$1,521,356 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,600 SF

Gross rent

$202.4K $14.88/SF

− Vacancy

−$41.3K −$3.04/SF

EGI

$161.1K $11.84/SF

− OpEx

−$24.2K −$1.78/SF

NOI

$136.9K $10.07/SF

Area

Bastrop County, TX

Vacancy

20.40%

Lease Rate

$14.88 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,738,440

Cap Rate 7%

$1,956,029

Cap Rate 9%

$1,521,356

Alternative Uses

Best Use

Warehouse

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,922 @ 7.0% cap · market cap 7.40%

Second Best

Industrial

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,684 @ 7.0% cap · market cap 6.58%

Theoretical Best

Office A

$5.33M

$4.66M – $6.22M (±1% cap)

NOI $373,057 @ 7.0% cap · market cap 20.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28 ft

Clear height

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78953, TX

1,350

Population

585

Households

2.3

Avg Household Size

45

Median Age

22%

College-Educated

94%

High-School Grad

114.8 sq mi

ZIP Area

12

Density / Sq Mi

$88,852

Median Household Income

$44,488

Median Earnings

$267,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Warehouse building with covered loading dock, interior office space, and 16-ft eave height for practical distribution use.

Where is this flex space located?

The property is located at 2989 S Highway 304 Rosanky, TX.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 13,600 SF main building with 16‑ft eave height and 28‑ft center beam height; 6.0+/- acres with a covered loading dock and ample room for trucks and customers; 50 parking spaces included