Flexible Commercial Space in Taylor,
For Sale
$720,000
500 West 2Nd St # Taylor Texas 76574, Taylor, TX 76574
500 West 2nd Street Taylor, Texas 76574
Property Size4,000 SF
Lot Size0.39 Acres
Price / SF$180
Days on Market240
Property Features for 500 West 2Nd St # Taylor Texas 76574
General Information
Standard status
Active
Property type
Flex space, Storefront properties, Other retail properties, Industrial properties, Individual retail properties, Retail properties & Spaces
Size
4,000 SF
Lot size
0.39 Acres
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Realty Austin
Listed By:
Jeffrey Slanker · License #617990
(512) 963-3926
Added: Jan 7
Changed: Mar 16
Investment Insights
Based on property information with market context.
The property at 500 West 2nd Street in Taylor, Texas, offers approximately 4,000 SF of flexible commercial space situated on a 0.39-acre corner lot. On-site surface parking is included. The one-story freestanding building features an open layout, concrete floors, and clear span construction, providing flexibility for various uses. Roll-up doors are also present. Zoned 3-B1 for commercial and retail, the property is suitable for active, experiential, and light industrial users. The open floor plan and durable finishes make it well-suited for functional fitness gyms, training facilities, or recreation-focused concepts. The physical attributes also support entertainment and social uses, including game rooms, arcade-style venues, or billiards halls with bar seating. The property can also transition to café, coffee shop, or hybrid retail concepts. For operations and logistics, the building configuration supports light warehousing, storage, or maker-style uses. This property offers the opportunity to reposition an existing structure into a high-utility commercial space that can adapt to multiple business models.
Key Highlights
- One‑story freestanding building with open layout and roll‑up doors.
- Concrete floors and clear span construction provide flexibility for various uses.
- On‑site surface parking included with the property.
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
$35,789
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
4.97%
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%
$715,780
$715.8K
Cap Rate 7%
$511,271
$511.3K
Cap Rate 9%
$397,656
$397.7K
Market Conditions
NOI Build-Up for 4,000 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
$59.5K $14.88/SF
− Vacancy
−$8.4K −$2.10/SF
EGI
$51.1K $12.78/SF
− OpEx
−$15.3K −$3.83/SF
NOI
$35.8K $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%
$715,780
Cap Rate 7%
$511,271
Cap Rate 9%
$397,656
Alternative Uses
Best Use
Retail
$1.01M
$880.4K – $1.17M
NOI $70,433 @ 7.0% cap · market cap 9.78%
Second Best
Industrial
$511.3K
$447.4K – $596.5K
NOI $35,789 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,047 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76574, TX
19,366
Population
8,458
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
149.0 sq mi
ZIP Area
130
Density / Sq Mi
$72,805
Median Household Income
$40,994
Median Earnings
$1,167
Median Rent
$252,000
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 - 500 West 2nd Street Taylor, Texas 76574
Where is this flex space located?
The property is located at 500 West 2Nd St # Taylor Texas 76574 Taylor, TX.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: One‑story freestanding building with open layout and roll‑up doors.; Concrete floors and clear span construction provide flexibility for various uses.; On‑site surface parking included with the property.
