Two-Story Shop with
New
For Sale
$300,000
324 West La Fayette Street, La Grange, TX 78945
COMMERCIAL - La Grange, TX
Property Size1,200 SF
Lot Size0.46 Acres
Price / SF$250
Days on Market4
Property Features for 324 West La Fayette Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Elementary school district
La Grange
Middle school district
La Grange
High school district
La Grange
Directions
On the corner of Water & W Lafayette Sts.
Standard status
Active
APN
38519
Size
1,200 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Annual Amount
2628
Utilities
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Roof type
Metal
Additional Structures
Barn(s)
Listing Agency:
Diggs Real Estate, Inc.
(979) 968-6143
Listed By:
Jerri Taylor · License #344158
(979) 968-6143
Added: Jul 28
Last Checked: Jul 31 at 4:06AM
MLS# 153080
Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story shop property combines a functional workspace with a second-level apartment. The apartment is a 1-bedroom, 1-bath unit on the second level, while the shop portion includes an overhead door for access. Additional improvements include a 4-bay shop with overhead doors and a separate 4-bay open storage building.
Set on approximately 0.46 acres with a 6' fence for security, the property is located at 324 West La Fayette Street in La Grange, Texas.
As configured, the site supports an on-site office and daily operations alongside covered work bays and open storage options, providing a practical live-work style setup within the shop complex.
Set on approximately 0.46 acres with a 6' fence for security, the property is located at 324 West La Fayette Street in La Grange, Texas.
As configured, the site supports an on-site office and daily operations alongside covered work bays and open storage options, providing a practical live-work style setup within the shop complex.
Key Highlights
- 2006‑built two‑story shop with a 1‑bed, 1‑bath apartment on the second level
- Apartment offers 600 SF and includes bathroom 1 and bedroom 1
- Half‑acre property with 6' fence for security
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 | $29.5k | $24.60 |
| − Vacancy | −$8.1k | −$6.74 |
| EGI | $21.4k | $17.86 |
| − OpEx | −$5.4k | −$4.46 |
| NOI | $16.1k | $13.39 |
1,200 SF · lease $24.60/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$229.6K
$200.9K – $267.9K
NOI $16,074 @ 7.0% cap · market cap 5.36%
Second Best
Mixed Use
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 5.28%
Theoretical Best
Multifamily LT 5
$13.45M
$11.77M – $15.70M
NOI $941,764 @ 7.0% cap · market cap 313.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78945, TX
10,483
Population
5,461
Households
1.9
Avg Household Size
46
Median Age
31%
College-Educated
91%
High-School Grad
248.2 sq mi
ZIP Area
42
Density / Sq Mi
$76,221
Median Household Income
$40,180
Median Earnings
$747
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story shop includes an apartment on the second level and multiple overhead-door work and storage areas.
Where is this flex space located?
The property is located at 324 West La Fayette Street La Grange, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2006‑built two‑story shop with a 1‑bed, 1‑bath apartment on the second level; Apartment offers 600 SF and includes bathroom 1 and bedroom 1; Half‑acre property with 6' fence for security
