Georgetown Warehouse and Office
For Sale
Contact for pricing
500 Wildflower Ln, Georgetown, TX 78626
Multiple buildings including warehouse, shop, storage, and office space.
Property Size24,381 SF
Price / SF$192.36
Days on Market1737
Property Features for 500 Wildflower Ln
General Information
Standard status
Active
Size
24,381 SF
Property subtype
Industrial
Zoning
AG
Investment Type
Owner/User
Building Details
Buildings
4
Stories
2
Listing Agency:
Coldwell Banker Apex
Listed By:
Glenn Patterson · License #698777
(512) 930-2000
Source:
Crexi
Added: Jan 11, 2022
Changed: Oct 8
Last Checked: Oct 12 at 5:55PM
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
Investment Insights
Based on property information with market context.
This commercial real estate property features multiple buildings, including a 24,381-square-foot warehouse/shop, a 6,593-square-foot shop, a 1,370-square-foot storage building, and a 2,780-square-foot house currently used as office space. The warehouse is currently used by a commercial cabinet maker. Located high above the San Gabriel River and outside of the flood plain, the property may be suitable for condensed residential development, subject to city zoning approval. An adjacent property to the east, approximately 6 acres, is also for sale and could provide improved access.
Key Highlights
- Multiple buildings on site totaling over 34,000 sq ft.
- Large 24,381 sq ft warehouse/shop space**, currently used for commercial cabinet making.
- Located high above the San Gabriel River and out of the flood plain.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,463
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,909,260
$4.9M
Cap Rate 7%
$3,506,614
$3.5M
Cap Rate 9%
$2,727,367
$2.7M
Market Conditions
NOI Build-Up for 24,381 SF
Gross rent
$362.8K $14.88/SF
− Vacancy
−$74.0K −$3.04/SF
EGI
$288.8K $11.84/SF
− OpEx
−$43.3K −$1.78/SF
NOI
$245.5K $10.07/SF
Area
Williamson County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,909,260
Cap Rate 7%
$3,506,614
Cap Rate 9%
$2,727,367
Alternative Uses
Best Use
Warehouse
$3.51M
$3.07M – $4.09M
NOI $245,463 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.19M
$8.92M – $11.89M
NOI $713,431 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- CubeSmart Self Storage — 1301 NE Inner Loop, Georgetown, TX 78626
- Georgetown RV and Boat Storage — 150 Meda St, Georgetown, TX 78626
Frequently Asked Questions
What type of property is this?
Warehouse - Multiple buildings including warehouse, shop, storage, and office space.
Where is this warehouse located?
The property is located at 500 Wildflower Ln Georgetown, TX.
What is the asking price?
The asking price for this property is $4,690,000.
What are key features of this property?
This property features: Multiple buildings on site totaling over 34,000 sq ft.; Large 24,381 sq ft warehouse/shop space**, currently used for commercial cabinet making.; Located high above the San Gabriel River and out of the flood plain.
