Downtown Schulenburg Versatile Commercial
For Sale
$160,000
702 Upton Ave, Schulenburg, TX 78956
Expansive 2,600 SF building in the heart of downtown Schulenburg.
Property Size2,600 SF
Price / SF$61.54
Days on Market103
Property Features for 702 Upton Ave
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Industrial
Building Details
Year Built
1980
Listing Agency:
Bubela & Associates, Inc.
(512) 779-5682
Listed By:
Chip Bubela · License #0566009
(512) 779-5682
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 3 at 10:20AM
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 Bubela & Associates, Inc.
Investment Insights
Based on property information with market context.
Located in the heart of downtown Schulenburg, this corner lot property across from the local police department features an expansive 2,600 square foot building designed to accommodate a variety of businesses. The main section offers flexible space suitable for retail or office use. Previously a Sears store and an electrical contractor's site, the property benefits from high visibility and foot traffic. The back warehouse includes a mezzanine for additional storage. A side door provides easy loading and access. The downtown area is experiencing growth with new businesses and restaurants. Potential uses for this versatile space include e-commerce retailers needing storage and office space, contractors requiring equipment storage and administrative space, small manufacturers needing production and storage areas, regional distribution companies, service providers needing an operations base with storage, start-ups seeking flexible space, catering operations, creative enterprises needing studio and office space, health and wellness providers, and logistics and freight companies. The property has a walk score of 68, indicating it is somewhat walkable, and a bike score of 48, indicating it is somewhat bikeable.
Key Highlights
- High‑visibility corner lot location in the heart of downtown Schulenburg, across from the police department.
- Expansive 2,600 SF building with flexible space suitable for various business types.
- Warehouse with mezzanine provides additional storage space.
Financial Insights For Industrial
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 | $20.9k | $8.04 |
| − Vacancy | −$1.9k | −$0.73 |
| EGI | $19.0k | $7.31 |
| − OpEx | −$5.7k | −$2.19 |
| NOI | $13.3k | $5.12 |
2,600 SF · lease $8.04/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$503.1K
$440.2K – $587.0K
NOI $35,218 @ 7.0% cap · market cap 22.01%
Second Best
Warehouse
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 9.97%
Theoretical Best
Multifamily LT 5
$29.15M
$25.51M – $34.01M
NOI $2,040,489 @ 7.0% cap · market cap 1,275.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78956, TX
5,161
Population
2,723
Households
1.9
Avg Household Size
51
Median Age
20%
College-Educated
87%
High-School Grad
169.2 sq mi
ZIP Area
31
Density / Sq Mi
$67,022
Median Household Income
$42,668
Median Earnings
$1,064
Median Rent
$231,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Expansive 2,600 SF building in the heart of downtown Schulenburg.
Where is this flex space located?
The property is located at 702 Upton Ave Schulenburg, TX.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: High‑visibility corner lot location in the heart of downtown Schulenburg, across from the police department.; Expansive 2,600 SF building with flexible space suitable for various business types.; Warehouse with mezzanine provides additional storage space.
