Stabilized Multi-Tenant Retail
For Sale
$3,350,000
3195 Fm-2001, Buda, TX 78610
Multi-tenant retail center with 100% occupancy and $31,500 monthly rent along FM 2001.
Property Size14,235 SF
Lot Size2.00 Acres
Price / SF$235.34
Days on Market366
Property Features for 3195 Fm-2001
General Information
Standard status
Active
Size
14,235 SF
Lot size
2.00 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
9.82%
Taxes and HOA fees
Annual Taxes
$23,023
Amenities
Central Air
3
Parking.
50 Parking Spaces. Shared Driveway, On Site, Lot.
Building Details
Year Built
2020
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
(737) 205-1640
Listed By:
Knolly Williams · License #0510003
(737) 205-1640
Source:
Xome
Added: Aug 8, 2025
Changed: Aug 7
Last Checked: Aug 7 at 1:21AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Nyla’s Plazita is a 14,235 SF stabilized multi-tenant retail center on 2.0 acres at 3195 FM-2001, Unit A-I/Buda, TX 78610. The center is professionally maintained and currently 100% occupied by 13 tenants. Reported current rent is $31,500 per month, with the offering citing a 9.82% CAP rate based on current income and expenses.
The property is located along FM 2001 and is described as having strong visibility and access, with convenient proximity to IH-35 connecting Austin and San Antonio. The tenant mix includes retail, service, dining, and specialty shops, and the center is anchored by long-standing businesses.
The property is located along FM 2001 and is described as having strong visibility and access, with convenient proximity to IH-35 connecting Austin and San Antonio. The tenant mix includes retail, service, dining, and specialty shops, and the center is anchored by long-standing businesses.
Key Highlights
- 14,235 SF multi‑tenant retail center on 2.0 acres
- 100% occupancy with 13 tenants and $31,500/month in rent
- 9.82% CAP rate based on current income and expenses
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
$250,653
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
7.48%
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%
$5,013,060
$5.0M
Cap Rate 7%
$3,580,757
$3.6M
Cap Rate 9%
$2,785,033
$2.8M
Market Conditions
NOI Build-Up for 14,235 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
$370.7K $26.04/SF
− Vacancy
−$12.6K −$0.89/SF
EGI
$358.1K $25.15/SF
− OpEx
−$107.4K −$7.55/SF
NOI
$250.7K $17.61/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,013,060
Cap Rate 7%
$3,580,757
Cap Rate 9%
$2,785,033
Alternative Uses
Best Use
Retail
$3.58M
$3.13M – $4.18M
NOI $250,653 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.95M
$5.21M – $6.94M
NOI $416,541 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
280k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Apparel 27%
Shops & Services 19%
Home Improvements & Furnishings 5%
Cabela's
Apparel
75,451 visits/mo
0.4 miles
Chick-fil-A
Dining
42,004 visits/mo
0.3 miles
Speedy Stop
Shops & Services
33,348 visits/mo
0.0 miles
Chili's Grill & Bar
Dining
18,701 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
14,120 visits/mo
0.3 miles
Demographics for 78610, TX
45,134
Population
17,271
Households
2.6
Avg Household Size
35
Median Age
42%
College-Educated
91%
High-School Grad
96.9 sq mi
ZIP Area
466
Density / Sq Mi
$110,417
Median Household Income
$58,770
Median Earnings
$1,736
Median Rent
$379,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with 100% occupancy and $31,500 monthly rent along FM 2001.
Where is this shopping center located?
The property is located at 3195 Fm-2001 Buda, TX.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 14,235 SF multi‑tenant retail center on 2.0 acres; 100% occupancy with 13 tenants and $31,500/month in rent; 9.82% CAP rate based on current income and expenses
