Building Details

Construction free span metal

Listing Agency: Legacy Land Associates s***@legacylandassociates.com Show Phone

Listed By: Jodie Ann Siptak · License #0477658 Show Phone

Source: Exprealty

Added: Jun 18 Changed: Oct 17 Last Checked: Oct 21 at 2:33AM

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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 Legacy Land Associates

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Investment Insights

Based on property information with market context.

The property includes a 3,200-square-foot free-span metal building that was recently used for retail and could be retrofitted for office, warehouse, or restaurant use. The site sits on two acres with road frontage along the east and south sides of the tract, providing extensive access points. City utilities are available, including water, septic, and electricity, with a current 200-amp electrical service on site and three-phase power reportedly available nearby.

Located near the intersection of FM 609 and I-10 in Flatonia, Texas, the property offers approximately 225 feet of frontage on FM 609 and approximately 425 feet of frontage on East 12th Street.

With its flexible interior free-span configuration and on-site utilities, the building supports multiple commercial layouts depending on the intended use.

Key Highlights

• Free‑span metal building totaling 3,200 SF on a 2‑acre tract
• Road frontage on FM 609 (225 ft) and East 12th Street (425 ft)
• Recently used for retail; could be retrofitted for offices, warehouse space, or a restaurant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,638

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$392,760 $392.8K

Cap Rate 7%

$280,543 $280.5K

Cap Rate 9%

$218,200 $218.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$25.7K $8.04/SF

− Vacancy

−$2.6K −$0.82/SF

EGI

$23.1K $7.22/SF

− OpEx

−$3.5K −$1.08/SF

NOI

$19.6K $6.14/SF

Area

Fayette County, TX

Vacancy

10.20%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$392,760

Cap Rate 7%

$280,543

Cap Rate 9%

$218,200

Alternative Uses

Best Use

Retail

$619.2K

$541.8K – $722.4K (±1% cap)

NOI $43,345 @ 7.0% cap · market cap 9.63%

Second Best

Warehouse

$280.5K

$245.5K – $327.3K (±1% cap)

NOI $19,638 @ 7.0% cap · market cap 4.36%

Theoretical Best

Multifamily LT 5

$35.88M

$31.39M – $41.86M (±1% cap)

NOI $2,511,372 @ 7.0% cap · market cap 558.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Floy Farm Interior (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Electrical Service Plumbing Service Garden Center (Bike/Boat/Book/etc) Store Bakery Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

217

Businesses Nearby

Explore this area Business Placement

Demographics for 78941, TX

3,006

Population

1,749

Households

1.7

Avg Household Size

47

Median Age

17%

College-Educated

88%

High-School Grad

161.8 sq mi

ZIP Area

19

Density / Sq Mi

$75,694

Median Household Income

$36,270

Median Earnings

$882

Median Rent

$171,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Free-span metal building on two acres with FM 609 and East 12th Street frontage, served by city utilities.

Where is this retail space located?

The property is located at 625 N La Grange St Flatonia, TX.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Free‑span metal building totaling 3,200 SF on a 2‑acre tract; Road frontage on FM 609 (225 ft) and East 12th Street (425 ft); Recently used for retail; could be retrofitted for offices, warehouse space, or a restaurant