Corner Commercial
For Sale
$589,999
519 N Robinson Dr, Robinson, TX 76706
Corner tract with direct highway access and multiple zoning designations supporting commercial and mixed-use planning.
Property Size1,815 SF
Price / SF$325.07
Days on Market363
Property Features for 519 N Robinson Dr
General Information
Standard status
Active
Size
1,815 SF
Property subtype
Commercial
Building Details
Year Built
1977
Listing Agency:
Texas Luxury and Land
Listed By:
Lana Honey · License #0755891
(254) 315-3923
Source:
Dfwareahousehunt
Added: Sep 24, 2025
Changed: Sep 18
Last Checked: Sep 21 at 7:29AM
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 Texas Luxury and Land
Investment Insights
Based on property information with market context.
This 2.25-acre commercial land tract occupies a corner position along Hwy 77 in Robinson. The property includes two existing houses and provides direct access from the highway, with frontage supporting visibility from the roadway.
Zoning designations identified for the property include RO, C-1, and SF-1, as described by the City of Robinson. The site is positioned at 519 N Robinson Dr and may accommodate commercial or mixed-use development consistent with applicable zoning and approvals.
Zoning designations identified for the property include RO, C-1, and SF-1, as described by the City of Robinson. The site is positioned at 519 N Robinson Dr and may accommodate commercial or mixed-use development consistent with applicable zoning and approvals.
Key Highlights
- 2.25‑acre commercial land tract
- Corner location with frontage on Hwy 77
- Direct access from Hwy 77
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
$17,969
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
3.05%
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%
$359,380
$359.4K
Cap Rate 7%
$256,700
$256.7K
Cap Rate 9%
$199,656
$199.7K
Market Conditions
NOI Build-Up for 1,815 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
$32.7K $18.00/SF
− Vacancy
−$3.9K −$2.16/SF
EGI
$28.7K $15.84/SF
− OpEx
−$10.8K −$5.94/SF
NOI
$18.0K $9.90/SF
Area
McLennan County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$359,380
Cap Rate 7%
$256,700
Cap Rate 9%
$199,656
Alternative Uses
Best Use
Mixed Use
$256.7K
$224.6K – $299.5K
NOI $17,969 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.61M
$19.78M – $26.38M
NOI $1,582,732 @ 7.0% cap · market cap 268.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 76706, TX
39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner tract with direct highway access and multiple zoning designations supporting commercial and mixed-use planning.
Where is this commercial land located?
The property is located at 519 N Robinson Dr Robinson, TX.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: 2.25‑acre commercial land tract; Corner location with frontage on Hwy 77; Direct access from Hwy 77
