Hutto Flex/Warehouse/Retail
For Sale
Contact for pricing
Pending
747 Co Rd 138, Hutto, TX 78634
Versatile 18,260 SF property on 3.772 acres for sale.
Property Size18,260 SF
Lot Size3.77 Acres
Days on Market1242
Property Features for 747 Co Rd 138
General Information
Standard status
Pending
Size
18,260 SF
Total Parking Spaces
88
Lot size
3.77 Acres
Property subtype
Industrial, Special Purpose
Building Details
Year Built
2003
Listing Agency:
Brinegar Properties
Listed By:
Brentley Brinegar · License #TX 589701
(512) 940-0188
Source:
Crexi
Added: Apr 13, 2023
Changed: Sep 3
Last Checked: Aug 14 at 7:21AM
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 Brinegar Properties
Investment Insights
Based on property information with market context.
This 18,260 square foot property, situated on 3.772 acres, offers flexibility for retail, office, or specialty retail use. The property is located on the E Wilco Highway and provides convenient access to SH-130 and SH-45. It features 88 parking spaces, plus 4 HC spaces. The property is not restricted and is located outside city limits. It can cater to manufacturing, warehousing, retail, or office operations.
Key Highlights
- 18,260 SF of flexible space suitable for retail, office, manufacturing, or warehousing.
- Located on E Wilco Highway with easy access to SH‑130 and SH‑45.
- 3.772 acres of land outside city limits with no restrictions.
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
$163,379
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
2.98%
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%
$3,267,580
$3.3M
Cap Rate 7%
$2,333,986
$2.3M
Cap Rate 9%
$1,815,322
$1.8M
Market Conditions
NOI Build-Up for 18,260 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
$271.7K $14.88/SF
− Vacancy
−$38.3K −$2.10/SF
EGI
$233.4K $12.78/SF
− OpEx
−$70.0K −$3.83/SF
NOI
$163.4K $8.95/SF
Area
Williamson County, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
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%
$3,267,580
Cap Rate 7%
$2,333,986
Cap Rate 9%
$1,815,322
Alternative Uses
Best Use
Industrial
$2.33M
$2.04M – $2.72M
NOI $163,379 @ 7.0% cap · market cap 2.98%
Second Best
Flex RnD
$2.17M
$1.90M – $2.53M
NOI $151,709 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$7.63M
$6.68M – $8.91M
NOI $534,320 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78634, TX
37,951
Population
15,322
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
56.4 sq mi
ZIP Area
673
Density / Sq Mi
$111,227
Median Household Income
$52,649
Median Earnings
$2,024
Median Rent
$334,200
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 - Versatile 18,260 SF property on 3.772 acres for sale.
Where is this flex space located?
The property is located at 747 Co Rd 138 Hutto, TX.
What is the asking price?
The asking price for this property is $5,480,000.
What are key features of this property?
This property features: 18,260 SF of flexible space suitable for retail, office, manufacturing, or warehousing.; Located on E Wilco Highway with easy access to SH‑130 and SH‑45.; 3.772 acres of land outside city limits with no restrictions.
