Downtown Georgetown Corner
510 S Church St, Georgetown, TX 78626
Prime corner property in the heart of downtown Georgetown.
Type:Office, Retail, Special Purpose
Property size:
2,852 SFPrice / SF:
$313/SF- Added:
- Aug 30, 2024
- Days on Market:
- 640
- Last Refresh:
- May 12 at 10:55 pm
Property Features for 510 S Church St
General Information
- Standard status
- Active
- Size
- 2,852 SF
- Property subtype
- Office, Retail, Special Purpose
Building Details
- Year Built
- 1947
Listing agent Mason Turner License #TX 663187
Listing office Turner Commercial Properties
Listing date Aug 30, 2024
Source Crexi
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 Turner Commercial Properties
HighLights
- Prime corner location in the heart of downtown Georgetown.
- Walking distance to the historic Square.
- Flexible usage: professional office, retail, short‑term rental, or residence.
- Located in a high‑traffic area with residents and tourists.
- Positioned in Williamson County, a hub for business activity.
- Year Built: 1947
Overview
Located at the corner of Church Street and East 6th Street, 510 Church Street is a corner property in downtown Georgetown, a short walk to the historic Square. The property, totaling 2,852 square feet, offers an opportunity for use as a professional office, retail boutique, short term rental, or permanent residence. Downtown Georgetown is strategically positioned in Williamson County, making it a hub for business activity. The location is easily accessible and draws foot traffic from residents, tourists, and nearby communities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.8k | $42.00 |
| − Vacancy | −$29.1k | −$10.21 |
| EGI | $90.7k | $31.79 |
| − OpEx | −$22.7k | −$7.95 |
| NOI | $68.0k | $23.85 |
2,852 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$971.5K
$850.1K – $1.13M
NOI $68,007 @ 7.0% cap · market cap 7.60%
Second Best
Retail
$717.4K
$627.7K – $837.0K
NOI $50,219 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,455 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Williamson
- State
- Texas
- Longitude
- -97.6762885
- Latitude
- 30.6386285
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Prime corner property in the heart of downtown Georgetown.
Where is this office units located?
The property is located at 510 S Church St Georgetown, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime corner location in the heart of downtown Georgetown.; Walking distance to the historic Square.; Flexible usage: professional office, retail, short‑term rental, or residence.
