306 S Waco Street, Van Alstyne, TX 75495
SINGLE_FAMILY - Van Alstyne, TX
- Added:
- Jul 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 6 at 3:06 pm
Property Features for 306 S Waco Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active Under Contract
- APN
- 168821
- Size
- 2,597 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- OTP VAN ALSTYNE ADDN, BLOCK 33, LOT 1 & PT 2
- Tax Annual Amount
- 16949
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Block, MetalSiding, StoneVeneer
- Roof type
- Metal
Listing agent William Benton License #0254366 (903) 482-8400
Listing office Benton-Luttrell Real Estate Co Van Alstyne, TX (903) 482-8400
Listing date Jul 1, 2026
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New construction with structural steel building and Block/metal siding/stone veneer exterior materials
- 1930–40s Texaco Station vintage structure is attached to the new construction
- Metal roof with concrete flooring
- Central heating and central air conditioning with electric cooling
- Public water and public sewer connections
- Additional lot to the west may be purchased for extra parking
Overview
Located at 306 S Waco Street in Van Alstyne, just south of Historic Downtown Van Alstyne, the property is positioned to benefit from excellent frontage and visibility. An additional lot to the west may be purchased with the property to allow for extra parking, depending on the operating plan.
With its combination of vintage character and a newer building framework, this asset can work for an owner-user or investor looking for a prominent storefront and flexible interior configuration. The property’s setup supports a range of commercial uses, and the available finish-out flexibility helps accommodate different branding, layout, and service needs within a street-facing location.
Local Financial Insights For Office B
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 | $79.8k | $30.72 |
| − Vacancy | −$21.9k | −$8.42 |
| EGI | $57.9k | $22.30 |
| − OpEx | −$14.5k | −$5.58 |
| NOI | $43.4k | $16.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Van Alstyne
- County
- Grayson
- State
- Texas
- Longitude
- -96.5764061
- Latitude
- 33.4193593
