Storefront with Attached Vintage
For Sale
$725,000
Pending
306 S Waco Street, Van Alstyne, TX 75495
CommercialSale, Van Alstyne, TX
Property Size2,597 SF
Lot Size0.20 Acres
Days on Market105
Property Features for 306 S Waco Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Property condition
Under Construction
Zoning description
Commercial
Subdivision
Otp Van Alstyne Add
Lot features
Corner Lot
Directions
South Waco Street (State Hwy 5) Just South of downtown Van Alstyne
Standard status
Pending
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
Legal Description
OTP VAN ALSTYNE ADDN, BLOCK 33, LOT 1 & PT 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
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 Agency:
Benton-Luttrell Real Estate Co
Listed By:
William Benton
(903) 482-8400
Added: Jul 10
Changed: Oct 19
Last Checked: Oct 22 at 11:06PM
MLS# 21041726
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.
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Investment Insights
Based on property information with market context.
This 2,597-square-foot storefront occupies a 0.2-acre parcel and was built in 2023. The new structural steel building is attached to the original Texaco station, dating to the 1930s–1940s. Interior finish-out remains for the planned use. Concrete flooring, central heating, and central air conditioning are in place, with public water and sewer service.
The property is on S Waco Street, just south of Historic Downtown Van Alstyne. An additional lot to the west may be purchased for expanded parking.
The property is on S Waco Street, just south of Historic Downtown Van Alstyne. An additional lot to the west may be purchased for expanded parking.
Key Highlights
- 2,597‑square‑foot building on a 0.2‑acre parcel
- Built in 2023 with structural steel construction
- Original Texaco station from the 1930s–1940s remains attached
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,106
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,120
$862.1K
Cap Rate 7%
$615,800
$615.8K
Cap Rate 9%
$478,956
$479.0K
Market Conditions
NOI Build-Up for 2,597 SF
Gross rent
$64.8K $24.96/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$61.6K $23.71/SF
− OpEx
−$18.5K −$7.11/SF
NOI
$43.1K $16.60/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,120
Cap Rate 7%
$615,800
Cap Rate 9%
$478,956
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Home Improvements & Furnishings 23%
Groceries 14%
Exxon
Shops & Services
6,764 visits/mo
0.3 miles
True Value Hardware
Home Improvements & Furnishings
3,233 visits/mo
0.4 miles
Cadence Bank
Shops & Services
1,954 visits/mo
0.2 miles
Diamond Food Market IGA Van Alstyne TX
Groceries
1,891 visits/mo
0.1 miles
Demographics for 75495, TX
9,061
Population
4,082
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
67.7 sq mi
ZIP Area
134
Density / Sq Mi
$105,520
Median Household Income
$49,603
Median Earnings
$1,239
Median Rent
$353,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The new-construction space adjoins a vintage Texaco station and is ready for interior finish-out.
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: 2,597‑square‑foot building on a 0.2‑acre parcel; Built in 2023 with structural steel construction; Original Texaco station from the 1930s–1940s remains attached
