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    Versatile Commercial Property in Caldwell Title is generated by Realmo AI

    405 N Johnston Street, Caldwell, TX 77836

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    Claim this Listing
    For Sale
    $275,000

    COMMERCIAL - Caldwell, TX

    Property size:
    1,836 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $149/SF
    Added:
    Apr 16, 2026
    Days on Market:
    31
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 405 N Johnston Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Burleson
    Standard status
    Active
    APN
    405 Johnston 603
    Size
    1,836 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    2010
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Melinda Scott
    Melinda Scott

    Listing agent Melinda Scott License #0527396

    Listing office Home & Ranch Real Estate 200 E Buck Street, Caldwell, TX

    Listing date Apr 16, 2026

    MLS# 26004722

    Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile commercial property for business owners, investors, or entrepreneurs.
    • Features a fully integrated 1 bedroom, 1 bath living quarters with kitchen and living area.
    • Metal building with two large roll‑up garage doors for easy access.
    • Expansive interior with high ceilings, exposed beams, and bright overhead lighting.
    • Wide concrete driveway provides ample parking and smooth access.
    • Attached covered side area for additional storage or work space.

    Overview

    Located in Caldwell, this commercial property presents an opportunity for business owners, investors, and entrepreneurs. The property includes a metal building designed for functionality and durability, featuring two large roll-up garage doors for vehicle and equipment access. The interior has high ceilings, exposed beams, bright overhead lighting, and ceiling fans, creating a comfortable workspace. Custom wooden shelving along one wall enhances organization and storage. A wide concrete driveway allows for parking and smooth ingress and egress. The attached covered side area expands usable space for additional storage or equipment staging. The property includes a fully integrated 1 bedroom, 1 bath living quarters with a kitchen and living area, suitable for an on-site manager, employee housing, or short-term rental. A utility area with sink and washer/dryer hookups adds convenience. The property is suitable for a workshop, small business headquarters, contractor use, or mixed-use investment. The lot size is 0.139 acres and the property size is 1836 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $268.3K
    NOI $24,146 @ 9.00% cap · cautious / downside scenario
    Moderate
    $344.9K
    NOI $24,146 @ 7.00% cap · market / base-case scenario
    Aggressive
    $482.9K
    NOI $24,146 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $38.6k $21.00
    − Vacancy −$6.4k −$3.47
    EGI $32.2k $17.54
    − OpEx −$8.0k −$4.38
    NOI $24.1k $13.15
    1,836 SF · lease $21.00/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $344.9K
    $301.8K – $402.4K (±1% cap)
    NOI $24,146 @ 7.0% cap · market cap 8.78%
    Second Best
    Apartment 5plus
    $251.6K
    $220.2K – $293.6K (±1% cap)
    NOI $17,613 @ 7.0% cap · market cap 6.40%
    Theoretical Best
    Office A
    $452.1K
    $395.6K – $527.5K (±1% cap)
    NOI $31,647 @ 7.0% cap · market cap 11.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Caldwell
    County
    Burleson
    State
    Texas
    Longitude
    -96.7010227
    Latitude
    30.5307887

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    FAQs

    What type of property is this?
    Flex space - Flexible commercial space with living quarters in a convenient location.
    Where is this flex space located?
    The property is located at 405 N Johnston Street Caldwell, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Versatile commercial property for business owners, investors, or entrepreneurs.; Features a fully integrated 1 bedroom, 1 bath living quarters with kitchen and living area.; Metal building with two large roll‑up garage doors for easy access.
    (979) 272-1759
    We can help!
    Listing Contact
    Melinda Scott
    Melinda Scott
    Real Estate License ID: 0527396
    Learn More
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    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
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