Historic Downtown Storefront
For Sale
Contact for pricing
318 N Washington Ave, Livingston, TX 77351
Historic commercial building with city utilities and access to established downtown businesses and civic buildings.
Property Size8,360 SF
Lot Size0.49 Acres
Price / SF$190.01
Days on Market50
Property Features for 318 N Washington Ave
General Information
Standard status
Active
Size
8,360 SF
Lot size
0.49 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Anne Vickery & Associates Realty LLC
(281) 940-7253
Listed By:
Anne Vickery · License #/9005105
(713) 907-9680
Source:
Moodyscre
Added: Jul 28
Changed: Sep 11
Last Checked: Sep 15 at 5:53AM
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 Anne Vickery & Associates Realty LLC
Investment Insights
Based on property information with market context.
This historic storefront property includes an 8,360-square-foot building constructed in 1920 on ±0.49 acres. The building offers architectural character and a commercial layout suitable for retail, office, boutique, café, professional services, event venue, or mixed-use redevelopment. City utilities are available.
The property is located along N Washington Ave in downtown Livingston, with easy access to Hwy 190 and US 59 (I-69). The surrounding area includes established businesses, civic buildings, and local traffic. A lease option is available.
The property is located along N Washington Ave in downtown Livingston, with easy access to Hwy 190 and US 59 (I-69). The surrounding area includes established businesses, civic buildings, and local traffic. A lease option is available.
Key Highlights
- 8,360‑square‑foot historic building constructed in 1920
- ±0.49 acres along N Washington Ave
- Easy access to Hwy 190 and US 59 (I‑69)
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
$114,766
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
7.22%
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%
$2,295,320
$2.3M
Cap Rate 7%
$1,639,514
$1.6M
Cap Rate 9%
$1,275,178
$1.3M
Market Conditions
NOI Build-Up for 8,360 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
$208.7K $24.96/SF
− Vacancy
−$25.0K −$3.00/SF
EGI
$183.6K $21.96/SF
− OpEx
−$68.9K −$8.24/SF
NOI
$114.8K $13.73/SF
Area
Polk County, TX
Vacancy
12.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
37.50%
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%
$2,295,320
Cap Rate 7%
$1,639,514
Cap Rate 9%
$1,275,178
Alternative Uses
Best Use
Mixed Use
$1.64M
$1.43M – $1.91M
NOI $114,766 @ 7.0% cap · market cap 7.22%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,238 @ 7.0% cap · market cap 7.13%
Theoretical Best
Hotel Hospitality
$4.29M
$3.75M – $5.00M
NOI $300,208 @ 7.0% cap · market cap 18.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
46k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Jack in the Box
Dining
14,087 visits/mo
0.1 miles
Circle K
Shops & Services
7,948 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
5,724 visits/mo
0.4 miles
Dollar General
Shops & Services
4,681 visits/mo
0.5 miles
Hartz Chicken Buffet
Dining
3,592 visits/mo
0.0 miles
Demographics for 77351, TX
37,353
Population
17,934
Households
2.1
Avg Household Size
47
Median Age
15%
College-Educated
83%
High-School Grad
636.9 sq mi
ZIP Area
59
Density / Sq Mi
$62,710
Median Household Income
$35,645
Median Earnings
$1,057
Median Rent
$163,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Historic commercial building with city utilities and access to established downtown businesses and civic buildings.
Where is this storefront property located?
The property is located at 318 N Washington Ave Livingston, TX.
What is the asking price?
The asking price for this property is $1,588,500.
What are key features of this property?
This property features: 8,360‑square‑foot historic building constructed in 1920; ±0.49 acres along N Washington Ave; Easy access to Hwy 190 and US 59 (I‑69)
