New Construction Retail/Office
306 S Waco Street Van Alstyne, TX 75495
For Sale
$725,000
New construction building suitable for retail, restaurant, or office use.
Property Size2,597 SF
Price / SF$279.17
Days on Market98
Property Features for 306 S Waco Street
General Information
Standard status
Active
Size
2,597 SF
Property subtype
Commercial
Building Details
Year Built
2023
Listing Agency:
Benton-Luttrell Real Estate Co
(903) 482-8400
Listed By:
William Benton · License #0254366
(903) 482-8400
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 8:21AM
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 Benton-Luttrell Real Estate Co
Investment Insights
Based on property information with market context.
This is a new construction structural steel building with 2597 square feet of space. Attached to the new construction is an original Texaco Station from the 1930s-40s. The property is suitable for retail, restaurant, or office use. It offers frontage and visibility just south of Historic Downtown Van Alstyne. The interior is ready for finish out. An additional lot to the west could be purchased with the property to allow for extra parking.
Key Highlights
- New construction with interior ready for custom finish out.
- Excellent location with high visibility near Historic Downtown Van Alstyne.
- Suitable for retail, restaurant, or office use.
Financial Insights For Retail
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 | $64.8k | $24.96 |
| − Vacancy | −$3.2k | −$1.25 |
| EGI | $61.6k | $23.71 |
| − OpEx | −$18.5k | −$7.11 |
| NOI | $43.1k | $16.60 |
2,597 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$615.8K
$538.8K – $718.4K
NOI $43,106 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.33M
$1.17M – $1.55M
NOI $93,258 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - New construction building suitable for retail, restaurant, or office use.
Where is this storefront property located?
The property is located at 306 S Waco Street Van Alstyne, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: New construction with interior ready for custom finish out.; **Excellent location with high visibility near Historic Downtown Van Alstyne.**; Suitable for retail, restaurant, or office use.
