Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Showroom & Retail Space Title is generated by Realmo AI

    400 S Main Street, McGregor, TX 76657

    View on Map
    Claim this Listing
    For Lease
    $2,160/Mo $7 SF/Yr (calc)

    COMMERCIAL - McGregor, TX

    Type:Retail
    Property size:
    3,600 SF
    Lot size:
    0.28 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 400 S Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Off Street
    Standard status
    Active
    APN
    341340000341005
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    MCGREGOR OT LOT 7 8 BLOCK 60 ACRES .2755

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Synthetic

    We can help!

    Listing Contact
    Caleb Miller

    Listing agent Caleb Miller License #0501695

    Listing office Bramlett Partners Austin, TX

    Listing date Feb 27, 2026

    MLS# 21192747

    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.

    HighLights

    • Approx. 3,600 SF commercial space in downtown McGregor with frontage and visibility along S Main Street
    • Large open showroom with full glass frontage and updated LED lighting for retail, studio, or office use
    • Built‑in front counter/reception area plus multiple private rooms, offices, storage, utility areas, and workrooms
    • Two restrooms and additional back‑of‑house space designed for production, inventory, content creation, or administrative use
    • Parking directly in front with additional side access; off‑street parking available
    • Brick construction with synthetic roof; central heating (natural gas) and central air plus ceiling fans

    Overview

    This approximately 3,600 SF commercial property is built for a customer-facing showroom or retail concept, with an expansive open main area and full glass frontage that brings in excellent natural light. Updated LED lighting and polished flooring support everything from merchandising to creative work, fitness-wellness, or a professional office environment. A built-in front counter or reception area creates a clear service hub. The rear portion is designed for practical operations, offering multiple private rooms, two restrooms, storage spaces, offices, utility areas, and workrooms that can support production, inventory, content creation, treatment rooms, or administrative functions.

    Located in the heart of downtown McGregor with outstanding visibility along S Main Street, the property also offers prominent signage opportunities. The exterior features a wide metal awning and a modern presentation, with convenient front-door parking and additional side access.

    With its mix of open sales/showroom space and dedicated back-of-house rooms, this layout is well-suited for retailers, office users, studios, and showroom operators who need both customer appeal and day-to-day flexibility. Immediate occupancy is available, making it a strong option for an existing business expanding or a new operator looking to establish in a high-visibility setting minutes from SpaceX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Discount Store Garden Center Cafe & Coffee Shop Clothing & Fashion Store Computer & Electronic Repair Barber Shop Home Appliance Store Nursing Home (Bike/Boat/Book/etc) Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.405253
    Latitude
    31.438655

    Nearby Similar for Lease

    • $2,160/Mo
      3,600 SF

      Downtown McGregor Commercial Space Available

      Versatile 3,600 SF space with high visibility and flexible layout.
      400 S Main Street, McGregor, TX 76657
      View Details
    • $2,160/Mo

      Retail Space on Main Street

      Retail property available for lease on Main Street.
      400 S Main Street, McGregor, TX 76657
      View Details

    FAQs

    What type of property is this?
    Storefront property - Turnkey space with full-glass frontage, strong visibility, and flexible customer and back-of-house areas in downtown McGregor.
    Where is this storefront property located?
    The property is located at 400 S Main Street McGregor, TX.
    What is the lease rate?
    The lease rate is $2,160 /Mo.
    What are key features of this property?
    This property features: Approx. 3,600 SF commercial space in downtown McGregor with frontage and visibility along S Main Street; Large open showroom with full glass frontage and updated LED lighting for retail, studio, or office use; Built‑in front counter/reception area plus multiple private rooms, offices, storage, utility areas, and workrooms
    (512) 850-5717
    We can help!
    Listing Contact
    Caleb Miller
    Real Estate License ID: 0501695
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 S Main Street, McGregor, TX 76657
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!