Freestanding Flex
For Sale
$450,000
625 North La Grange Street, Flatonia, TX 78941
Commercial, Flatonia, TX
Property Size3,200 SF
Lot Size2.00 Acres
Price / SF$140.63
Days on Market138
Property Features for 625 North La Grange Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Exterior features
Metal
High school district
Flatonia ISD
Directions
Take the Flatonia exit off I-10, exit 661. Travel south on FM 609/N. La Grange Ave, for less than 1/4 of a mile (property is approximately 830 feet from I-10). The property is on the west side of FM 609/N. La Grange St. Look for Legacy Land Associates Sign!
Standard status
Active
APN
27995
Size
3,200 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Annual Amount
4085
Utilities
Water source
Public
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Legacy Land Associates
Listed By:
Legacy Land Associates
(512) 776-1398
Added: Jun 18
Changed: Oct 21
Last Checked: Nov 2 at 5:06PM
MLS# 156588
Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,200-square-foot freestanding flex property includes a clear-span metal building with a bathroom and metal roof. The space was most recently used for retail and may be retrofitted for office, warehouse, or restaurant purposes. Existing utility service includes water, septic, and electricity, with current electrical capacity of 200 amps. Three-phase power is available nearby.
The two-acre tract has frontage along its east and south boundaries, including 225 feet on FM 609 and 425 feet on East 12th Street. Its position near the FM 609 and I-10 intersection provides access to a regional highway connection while maintaining frontage on two roadways.
The two-acre tract has frontage along its east and south boundaries, including 225 feet on FM 609 and 425 feet on East 12th Street. Its position near the FM 609 and I-10 intersection provides access to a regional highway connection while maintaining frontage on two roadways.
Key Highlights
- 2‑acre tract with frontage on two sides
- 3,200‑square‑foot clear‑span metal building
- 225 feet of frontage on FM 609
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
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
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Metal commercial building with adaptable space for retail, office, warehouse, or restaurant use.
Where is this flex space located?
The property is located at 625 North La Grange Street 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: 2‑acre tract with frontage on two sides; 3,200‑square‑foot clear‑span metal building; 225 feet of frontage on FM 609
