Free-Span Metal Retail/Office
For Sale
$450,000
625 N La Grange St, Flatonia, TX 78941
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 Market82
Property Features for 625 N La Grange St
General Information
Standard status
Active
Size
3,200 SF
Lot size
2.00 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Construction
free span metal
Listing Agency:
Legacy Land Associates
(512) 776-1398
Listed By:
Jodie Ann Siptak · License #0477658
(361) 772-6702
Source:
Exprealty
Added: Jun 18
Changed: Aug 20
Last Checked: Sep 6 at 10:18AM
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
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
$19,638
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
4.36%
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%
$392,760
$392.8K
Cap Rate 7%
$280,543
$280.5K
Cap Rate 9%
$218,200
$218.2K
Market Conditions
NOI Build-Up for 3,200 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
$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 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%
$392,760
Cap Rate 7%
$280,543
Cap Rate 9%
$218,200
Alternative Uses
Best Use
Retail
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 9.63%
Second Best
Warehouse
$280.5K
$245.5K – $327.3K
NOI $19,638 @ 7.0% cap · market cap 4.36%
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
