Flex Space with Covered Work
For Sale
$535,000
513 Main ST, Caldwell, TX 77836
Versatile commercial improvements combine office, warehouse, service, and covered work areas with direct access and perimeter security fencing.
Property Size4,500 SF
Lot Size0.85 Acres
Price / SF$118.89
Days on Market8
Property Features for 513 Main ST
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.85 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Amenities
Central Air
Parking.
14 Parking Spaces. Direct Garage Access, Gravel, On Site, Lot, Private, No Parking.
City
Building Details
Year Built
1964
Buildings
3
Listing Agency:
(214) 546-9353
Listed By:
Armstrong Properties
(214) 546-9353
Source:
Xome
Added: Jul 26
Changed: Aug 2
Last Checked: Aug 2 at 6:25AM
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 Armstrong Properties
Investment Insights
Based on property information with market context.
This flex property at 513 Main ST includes an approximately 3,900-square-foot office, warehouse, and service building, complemented by an attached 600-square-foot covered work area. Two detached equipment sheds add approximately 2,520 square feet of covered storage. Concrete aprons support access and maneuvering, while a 6-foot chain-link fence encloses the site. The property also includes central air and 14 parking spaces.
The approximately 0.854-acre parcel provides about 247 feet of frontage along North Main Street in Caldwell. It sits directly beside O'Reilly Auto Parts and less than 250 feet from the intersection of North Main Street and State Highway 21. The Highway 21 and Highway 36 junction in downtown Caldwell is one intersection away, providing a clearly defined access point for the property.
The approximately 0.854-acre parcel provides about 247 feet of frontage along North Main Street in Caldwell. It sits directly beside O'Reilly Auto Parts and less than 250 feet from the intersection of North Main Street and State Highway 21. The Highway 21 and Highway 36 junction in downtown Caldwell is one intersection away, providing a clearly defined access point for the property.
Key Highlights
- Approximately 0.854‑acre site with about 247 feet of frontage on North Main Street
- Approximately 3,900 SF office, warehouse, and service building
- Attached 600 SF covered work area at the rear
Financial Insights For Flex RnD
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 | $67.5k | $15.00 |
| − Vacancy | −$4.7k | −$1.05 |
| EGI | $62.8k | $13.95 |
| − OpEx | −$22.0k | −$4.88 |
| NOI | $40.8k | $9.07 |
4,500 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$845.4K
$739.8K – $986.4K
NOI $59,181 @ 7.0% cap · market cap 11.06%
Second Best
Flex RnD
$582.9K
$510.1K – $680.1K
NOI $40,804 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.11M
$969.6K – $1.29M
NOI $77,566 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77836, TX
11,721
Population
5,990
Households
2
Avg Household Size
45
Median Age
22%
College-Educated
86%
High-School Grad
431.1 sq mi
ZIP Area
27
Density / Sq Mi
$79,567
Median Household Income
$45,291
Median Earnings
$869
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Office 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 office, warehouse, service, and covered work areas with direct access and perimeter security fencing.
Where is this flex space located?
The property is located at 513 Main ST Caldwell, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Approximately 0.854‑acre site with about 247 feet of frontage on North Main Street; Approximately 3,900 SF office, warehouse, and service building; Attached 600 SF covered work area at the rear
