Flex Space with Covered
For Sale
$535,000
513 North Main St, Caldwell, TX 77836
Improved commercial site with office, service, storage, and vehicle maneuvering areas for flexible business operations.
Property Size4,500 SF
Lot Size0.85 Acres
Price / SF$118.89
Days on Market47
Property Features for 513 North Main St
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.85 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Buildings
3
Listing Agency:
Armstrong Properties
Listed By:
Alexis Jolly · License #0699204
(214) 546-9353
Source:
Doorstephomegroup
Added: Sep 9
Changed: Sep 23
Last Checked: Sep 29 at 10:21AM
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
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Investment Insights
Based on property information with market context.
This flex property includes a +/-3,900 SF office, warehouse, and service building with an attached 600 SF covered work area. Two detached equipment sheds add approximately +/-2,520 SF of covered storage. The site also includes concrete aprons for circulation and loading activity, plus a 6-foot chain-link fence around the perimeter. The improvements support office, service, warehouse, contractor, equipment, and inventory functions.
The property occupies +/-0.854 acres at 513 North Main St in Caldwell, with approximately +/-247 feet of frontage on North Main Street. It is directly adjacent to O'Reilly Auto Parts and sits less than 250 feet from the intersection of North Main Street and State Highway 21. The site is one intersection from the Highway 21 and Highway 36 junction in downtown Caldwell, providing access from established local corridors.
The property occupies +/-0.854 acres at 513 North Main St in Caldwell, with approximately +/-247 feet of frontage on North Main Street. It is directly adjacent to O'Reilly Auto Parts and sits less than 250 feet from the intersection of North Main Street and State Highway 21. The site is one intersection from the Highway 21 and Highway 36 junction in downtown Caldwell, providing access from established local corridors.
Key Highlights
- +/-3,900 SF office, warehouse, and service building
- Attached 600 SF covered work area
- Two detached sheds provide +/-2,520 SF of covered storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,804
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,080
$816.1K
Cap Rate 7%
$582,914
$582.9K
Cap Rate 9%
$453,378
$453.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$67.5K $15.00/SF
− Vacancy
−$4.7K −$1.05/SF
EGI
$62.8K $13.95/SF
− OpEx
−$22.0K −$4.88/SF
NOI
$40.8K $9.07/SF
Area
Burleson County, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,080
Cap Rate 7%
$582,914
Cap Rate 9%
$453,378
Alternative Uses
Best Use
Flex RnD
$582.9K
$510.1K – $680.1K
NOI $40,804 @ 7.0% cap · market cap 7.63%
Second Best
Warehouse
$468.2K
$409.7K – $546.2K
NOI $32,773 @ 7.0% cap · market cap 6.13%
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.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Improved commercial site with office, service, storage, and vehicle maneuvering areas for flexible business operations.
Where is this flex space located?
The property is located at 513 North 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: +/-3,900 SF office, warehouse, and service building; Attached 600 SF covered work area; Two detached sheds provide +/-2,520 SF of covered storage
