Flex Space with Covered
New
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 Market2
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
(979) 985-5610
Source:
Doorstephomegroup
Added: Sep 9
Last Checked: Sep 9 at 3:01PM
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 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 = 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
$40,804
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
7.63%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
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
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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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
