Updated Office Building with
For Sale
$745,000
620 N Main St, Taylor, TX 76574
2436 sqft office building featuring multiple spaces and parking.
Property Size2,436 SF
Lot Size0.25 Acres
Days on Market267
Property Features for 620 N Main St
General Information
Standard status
Active
Size
2,436 SF
Lot size
0.25 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,732
Building Details
Building Size
2,436 SF
Year Built
1935
Listing Agency:
Tierra Grande Realty, LLC
(512) 497-3967
Listed By:
Julie Downs · License #0352736
(512) 497-3967
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 21 at 7:20AM
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 Tierra Grande Realty, LLC
Investment Insights
Based on property information with market context.
This 2436 sqft building has been recently updated by the seller in preparation for sale. The updates focused on the structure itself, allowing the new owner flexibility in designing the floor plan. The building features two separate entrances, multiple office spaces, a detached garage, dedicated parking in the rear, and a carport for shaded parking. The property includes an enclosed porch suitable for open-concept office space or workspace, a full kitchen, and ample storage. Renovations include a complete engineered foundation, repaint of the interior, demolition of the bathroom, new underpinning surrounding the home, a new back door, three new storefront windows in the rear, and new paint on the underpinning. The property is located on N Main St in Taylor, TX.
Key Highlights
- Complete engineered foundation provides structural integrity and peace of mind.
- Two separate entrances offer flexibility for various business or residential uses.
- Detached garage and dedicated rear parking provide ample parking solutions.
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
$58,088
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
7.80%
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%
$1,161,760
$1.2M
Cap Rate 7%
$829,829
$829.8K
Cap Rate 9%
$645,422
$645.4K
Market Conditions
NOI Build-Up for 2,436 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
$102.3K $42.00/SF
− Vacancy
−$24.9K −$10.21/SF
EGI
$77.5K $31.79/SF
− OpEx
−$19.4K −$7.95/SF
NOI
$58.1K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,161,760
Cap Rate 7%
$829,829
Cap Rate 9%
$645,422
Alternative Uses
Best Use
Office B
$829.8K
$726.1K – $968.1K
NOI $58,088 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.0K – $1.19M
NOI $71,282 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 76574, TX
19,366
Population
8,458
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
149.0 sq mi
ZIP Area
130
Density / Sq Mi
$72,805
Median Household Income
$40,994
Median Earnings
$1,167
Median Rent
$252,000
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?
Office units - 2436 sqft office building featuring multiple spaces and parking.
Where is this office units located?
The property is located at 620 N Main St Taylor, TX.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Complete engineered foundation provides structural integrity and peace of mind.; Two separate entrances offer flexibility for various business or residential uses.; Detached garage and dedicated rear parking provide ample parking solutions.
