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    103 Travis St La Grange, TX 78945

    For Sale
    $520,000

    High-Traffic Retail Center, 11,000 SF

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail property in La Grange, Texas, presents a unique investment opportunity. Located at the busy intersection of Highways 77 and 71, this 11,000 square foot, Class B property boasts a 100% occupancy rate and includes a well-established auto shop, convenience store, and eight-pump gas station. The property sits on a 0.24-acre lot and is offered at $520,000, representing a price per square foot of $47.27 and a 5.00% cap rate. The business has enjoyed a 50-year history of operation, building a strong reputation for excellent customer service and community engagement. Recent surveys and environmental assessments have been completed. The sale is an absolute NNN lease, offering a low-maintenance investment. The property benefits from its strategic location between Houston and Austin, ensuring high traffic volume and a loyal customer base. This turnkey operation is free from fuel contracts, providing immediate income and significant upside potential for the new owner. The property's long-standing success, combined with its prime location and favorable financial metrics, makes it an ideal acquisition for investors seeking a stable and profitable investment.

    Property Features for 103 Travis St

    General Information

    Property type
    Automotive properties
    Square Feet
    11,000 SF
    Class
    B
    Lot Size
    10,454 SF

    HighLights

    • 11,000 SF Class B retail property in La Grange, TX, at the intersection of Highways 77 and 71.
    • 100% occupancy with an auto shop, convenience store, and eight‑pump gas station.
    • 0.24‑acre lot, priced at $520,000 ($47.27/SF) with a 5.00% cap rate.
    • NNN lease, offering low‑maintenance ownership and immediate income.
    • Free from fuel contracts, providing significant upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.8751116
    Latitude
    29.9052096

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    FAQs

    What type of property is this?
    Automotive property - High-Traffic Retail Center, 11,000 SF
    Where is this automotive property located?
    The property is located at 103 Travis St La Grange, TX.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: 11,000 SF Class B retail property in La Grange, TX, at the intersection of Highways 77 and 71.; 100% occupancy with an auto shop, convenience store, and eight-pump gas station.; 0.24-acre lot, priced at $520,000 ($47.27/SF) with a 5.00% cap rate.
    Request Owner's contact information
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    La Grange, TX 78945
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Travis St La Grange, TX 78945
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