Florence Flex Building on Two
For Sale
$1,200,000
383 Williamson County, Florence, TX 76527
383 Fm 970, Florence, TX 76527, Williamson County
Property Size6,000 SF
Lot Size2.00 Acres
Price / SF$200
Days on Market231
Property Features for 383 Williamson County
General Information
Standard status
Active
Property type
Flex space, Industrial properties
Size
6,000 SF
Lot size
2.00 Acres
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty Austin
(512) 963-3926
Listed By:
Jeffrey · License #617990
(512) 963-3926
Added: Jan 5
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located in Florence, Texas, the property at 383 Williamson County features a 6,000 square foot flex building situated on 2 unrestricted acres. The property combines showroom-quality finish with industrial utility, offering 3,500 square feet of climate-controlled space that includes two large offices with mini-split systems and loft space above. An additional 2,500 square feet is dedicated to warehouse or production area. The entire building is fully spray-foamed and coated with a fire-retardant paint. The climate-controlled area features stained concrete floors. The building includes a 12-foot glass roll-up door at the front and a 16-foot metal roll-up door for drive-in access. The property has a steel façade accented with stone and lighting. Additional features include a new septic system, upgraded three-phase power at the pole, and a 10-ton Trane HVAC system. Covered patios are located in both the front and rear. An asphalt parking lot provides drive-through capability. The property has no zoning restrictions and direct frontage on FM 970 across from the Florence ISD complex. It offers visibility and easy access to SH 195 and I-35. The property supports a range of commercial, industrial, or owner-occupied uses.
Key Highlights
- Industrial utility design: Flex space with a blend of climate‑controlled offices and warehouse/production area.
- 3,500 sq ft climate‑controlled area including two large offices with mini‑split systems and loft space above.
- 2,500 sq ft industrial/production area.
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
$53,684
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
4.47%
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%
$1,073,680
$1.1M
Cap Rate 7%
$766,914
$766.9K
Cap Rate 9%
$596,489
$596.5K
Market Conditions
NOI Build-Up for 6,000 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
$89.3K $14.88/SF
− Vacancy
−$12.6K −$2.10/SF
EGI
$76.7K $12.78/SF
− OpEx
−$23.0K −$3.83/SF
NOI
$53.7K $8.95/SF
Area
Williamson County, TX
Vacancy
14.10%
Lease Rate
$14.88 /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%
$1,073,680
Cap Rate 7%
$766,914
Cap Rate 9%
$596,489
Alternative Uses
Best Use
Industrial
$766.9K
$671.1K – $894.7K
NOI $53,684 @ 7.0% cap · market cap 4.47%
Second Best
Flex RnD
$712.1K
$623.1K – $830.8K
NOI $49,849 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$2.51M
$2.19M – $2.93M
NOI $175,571 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76527, TX
4,688
Population
1,652
Households
2.8
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
119.5 sq mi
ZIP Area
39
Density / Sq Mi
$83,533
Median Household Income
$43,466
Median Earnings
$913
Median Rent
$370,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 383 Fm 970, Florence, TX 76527, Williamson County
Where is this flex space located?
The property is located at 383 Williamson County Florence, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Industrial utility design: Flex space with a blend of climate‑controlled offices and warehouse/production area.; 3,500 sq ft climate‑controlled area including two large offices with mini‑split systems and loft space above.; 2,500 sq ft industrial/production area.
