Free-Span Metal Retail/Office
625 N La Grange St Flatonia, TX 78941
For Sale
$450,000
Free-span metal building on two acres with FM 609 and East 12th Street frontage, served by city utilities.
Property Size3,200 SF
Lot Size2.00 Acres
Price / SF$140.63
Days on Market36
Property Features for 625 N La Grange St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 2.00 Acres
Listing Agency:
Legacy Land Associates
(361) 772-6702
Listed By:
Jodie Ann Siptak · License #0477658
(361) 772-6702
Source:
Exprealty
Added: Jun 18
Changed: Jul 22
Last Checked: Jul 22 at 7:22PM
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
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.
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $8.04 |
| − Vacancy | −$2.6k | −$0.82 |
| EGI | $23.1k | $7.22 |
| − OpEx | −$3.5k | −$1.08 |
| NOI | $19.6k | $6.14 |
3,200 SF · lease $8.04/SF/yr · vacancy 10.20% · expense 15.00%
Alternative Uses
Best Use
Retail
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 9.63%
Second Best
Office B
$612.3K
$535.8K – $714.4K
NOI $42,863 @ 7.0% cap · market cap 9.53%
Theoretical Best
Multifamily LT 5
$35.88M
$31.39M – $41.86M
NOI $2,511,372 @ 7.0% cap · market cap 558.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Floy Farm Interior
(Bike/Boat/Book/etc) Store
FAQs
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
