Building Details

Year Built 1960

Listing Agency: Coldwell Banker Apex, REALTORS k**@cbapex.com Show Phone

Listed By: Roberta Borlovan · License #0703312 Show Phone

Source: Lonestarluxuryrealty

Added: Sep 2 Changed: Oct 2 Last Checked: Oct 19 at 10:07AM

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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 Coldwell Banker Apex, REALTORS

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Investment Insights

Based on property information with market context.

This 2,000-square-foot office unit at 426 Graham Street includes a reception area, front office, five additional rooms, an updated bathroom, and a utility storage room. Interior improvements include LVP flooring and fresh paint. The reception and front office measure 24 feet by 14 feet, while the five offices range from 9 feet by 6 feet to 11 feet by 9 feet. Front-facing windows provide space for product display and business signage.

The property is in Tuscola, one block from Highway 83. The space is offered for sale and may accommodate office or retail use subject to owner approval. Immediate move-in is available.

Key Highlights

• 2,000‑square‑foot office unit at 426 Graham Street
• Five offices plus reception and front office areas
• Reception and front office measure 24 feet by 14 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,196

Suggested Prices Based on Cap Rates

Cap Rate 5%

$523,920 $523.9K

Cap Rate 7%

$374,229 $374.2K

Cap Rate 9%

$291,067 $291.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$46.1K $23.04/SF

− Vacancy

−$11.2K −$5.58/SF

EGI

$34.9K $17.46/SF

− OpEx

−$8.7K −$4.37/SF

NOI

$26.2K $13.10/SF

Area

Taylor County, TX

Vacancy

24.20%

Lease Rate

$23.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$523,920

Cap Rate 7%

$374,229

Cap Rate 9%

$291,067

Alternative Uses

Best Use

Retail

$412.8K

$361.2K – $481.7K (±1% cap)

NOI $28,899 @ 7.0% cap · market cap 1,926.60%

Second Best

Office B

$374.2K

$327.5K – $436.6K (±1% cap)

NOI $26,196 @ 7.0% cap · market cap 1,746.40%

Theoretical Best

Multifamily LT 5

$19.56M

$17.12M – $22.82M (±1% cap)

NOI $1,369,402 @ 7.0% cap · market cap 91,293.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

JPH Land Surveying, ... Land Surveyor

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Butcher Kitchen & Bath Showroom Cafe & Coffee Shop Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

123

Businesses Nearby

Explore this area Business Placement

Demographics for 79562, TX

5,264

Population

1,432

Households

3.7

Avg Household Size

40

Median Age

41%

College-Educated

95%

High-School Grad

114.7 sq mi

ZIP Area

46

Density / Sq Mi

$103,814

Median Household Income

$52,254

Median Earnings

$2,000

Median Rent

$239,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Near Highway 83, the suite includes reception, private rooms, display windows, and utility storage.

Where is this office unit located?

The property is located at 426 Graham Street Tuscola, TX.

What are key features of this property?

This property features: 2,000‑square‑foot office unit at 426 Graham Street; Five offices plus reception and front office areas; Reception and front office measure 24 feet by 14 feet