Highway-Frontage Flex
For Sale
$1,550,000
4159 S Hwy 6, Clifton, TX 76634
Versatile commercial improvements combine assembly, food-service, workshop, office, and loading capabilities across a multi-building property.
Property Size16,000 SF
Lot Size15.00 Acres
Price / SF$96.88
Days on Market92
Property Features for 4159 S Hwy 6
General Information
Standard status
Active
Size
16,000 SF
Lot size
15.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1965
Listing Agency:
Texas Luxury and Land
(254) 749-2175
Listed By:
Haley Holden · License #0641896
Source:
Magnoliarealtywaco
Added: May 30
Changed: Aug 28
Last Checked: Aug 28 at 7:08AM
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 Texas Luxury and Land
Investment Insights
Based on property information with market context.
This flex-space property occupies approximately 15 acres and includes 16,000 square feet of improvements. The primary building contains more than 12,500 square feet under roof, with an auditorium, multiple restrooms, a commercial kitchen, restaurant dining area, and a secured cashier area with glass partitions and transaction windows. A 2,400-square-foot insulated workshop has double roll-up doors, while a detached office building includes an attached workshop. Additional improvements include an 1,800-square-foot covered equipment barn and a 60-foot loading dock suited to truck access.
The property fronts HWY 6 for approximately 750 feet and has two separate highway entrances. Two water meters serve the site. Built in 1965, the facility also includes insulation and HVAC systems described in the source information as updated, along with other maintained and improved components. An existing billboard lease opportunity is included as part of the property information.
The property fronts HWY 6 for approximately 750 feet and has two separate highway entrances. Two water meters serve the site. Built in 1965, the facility also includes insulation and HVAC systems described in the source information as updated, along with other maintained and improved components. An existing billboard lease opportunity is included as part of the property information.
Key Highlights
- Approximately 15 acres with 16,000 square feet of improvements
- More than 12,500 square feet under roof in the main building
- 2,400‑square‑foot insulated workshop with double rollup doors
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
$141,422
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
9.12%
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%
$2,828,440
$2.8M
Cap Rate 7%
$2,020,314
$2.0M
Cap Rate 9%
$1,571,356
$1.6M
Market Conditions
NOI Build-Up for 16,000 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
$220.8K $13.80/SF
− Vacancy
−$18.8K −$1.17/SF
EGI
$202.0K $12.63/SF
− OpEx
−$60.6K −$3.79/SF
NOI
$141.4K $8.84/SF
Area
Bosque County, TX
Vacancy
8.50%
Lease Rate
$13.80 /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%
$2,828,440
Cap Rate 7%
$2,020,314
Cap Rate 9%
$1,571,356
Alternative Uses
Best Use
Flex RnD
$2.30M
$2.01M – $2.68M
NOI $161,054 @ 7.0% cap · market cap 10.39%
Second Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,508 @ 7.0% cap · market cap 10.23%
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,488 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76634, TX
7,313
Population
3,660
Households
2
Avg Household Size
52
Median Age
29%
College-Educated
87%
High-School Grad
284.0 sq mi
ZIP Area
26
Density / Sq Mi
$72,654
Median Household Income
$41,075
Median Earnings
$920
Median Rent
$190,600
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 - Versatile commercial improvements combine assembly, food-service, workshop, office, and loading capabilities across a multi-building property.
Where is this flex space located?
The property is located at 4159 S Hwy 6 Clifton, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 15 acres with 16,000 square feet of improvements; More than 12,500 square feet under roof in the main building; 2,400‑square‑foot insulated workshop with double rollup doors
