Building Details

Year Built 2001

Stories 2

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Kevin White · License #0483240 Show Phone

Source: Xome

Added: Dec 12, 2025 Changed: Aug 23 Last Checked: Aug 23 at 3:52AM

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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 = 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

$136,922

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

7.40%

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%

$2,738,440 $2.7M

Cap Rate 7%

$1,956,029 $2.0M

Cap Rate 9%

$1,521,356 $1.5M

Market Conditions

NOI Build-Up for 13,600 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

$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 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%

$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.

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

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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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 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