Historic Home in Old
For Sale
Contact for pricing
Pending
701 Sloan St, Taylor, TX 76574
1912 historic home on 2 acres, zoned light commercial.
Property Size4,036 SF
Lot Size2.00 Acres
Days on Market684
Property Features for 701 Sloan St
General Information
Standard status
Pending
Size
4,036 SF
Lot size
2.00 Acres
Property subtype
Hospitality, Mixed Use, Office, Special Purpose
Zoning
P4
Building Details
Year Built
1912
Buildings
2
Stories
2
Listing Agency:
Armstrong Real Estate
Listed By:
Danny Armstrong · License #tx
(254) 842-7612
Source:
Crexi
Added: Oct 21, 2024
Changed: Sep 2
Last Checked: Sep 3 at 6:24AM
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 Armstrong Real Estate
Investment Insights
Based on property information with market context.
This 4,036 sq ft historic home, built in 1912, is located in Old Town Taylor. Situated on 2 acres zoned light commercial (MP4), the property is suitable for weddings, Airbnb, events, or residential use. The main living area, measuring 19’x40’, features a fireplace. Original pocket doors lead to the formal dining room, and the sunroom opens to the breakfast area and modern kitchen. A butler’s pantry includes a stackable washer and dryer and cabinets. Upstairs, accessible by elevator or stairway, are three bedrooms and bathrooms, each with closets. The property features original hardwood floors and crown molding throughout. An additional living area/study is located off the master bedroom, along with a fireplace. A second laundry room is located on the upper floor. Two A/C units service the home. The property includes a large front porch and a large back patio. The roof was installed in October 2024. There is a detached two-car garage with the potential for an apartment above it, requiring plumbing connection. Two sheds are located on the back acreage. The land is a historical marker.
Key Highlights
- Historic 1912 home in Old Town Taylor on 2 acres.
- Zoned light commercial (MP4) offering opportunities for weddings, Airbnb, or events.
- Spacious 4,036 sq ft interior with LARGE living area (19’x40’) and original hardwood floors.
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
$54,486
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
7.52%
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%
$1,089,720
$1.1M
Cap Rate 7%
$778,371
$778.4K
Cap Rate 9%
$605,400
$605.4K
Market Conditions
NOI Build-Up for 4,036 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
$96.9K $24.00/SF
− Vacancy
−$9.7K −$2.40/SF
EGI
$87.2K $21.60/SF
− OpEx
−$32.7K −$8.10/SF
NOI
$54.5K $13.50/SF
Area
Williamson County, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,089,720
Cap Rate 7%
$778,371
Cap Rate 9%
$605,400
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $96,240 @ 7.0% cap · market cap 13.27%
Second Best
Mixed Use
$778.4K
$681.1K – $908.1K
NOI $54,486 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,100 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 76574, TX
19,366
Population
8,458
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
149.0 sq mi
ZIP Area
130
Density / Sq Mi
$72,805
Median Household Income
$40,994
Median Earnings
$1,167
Median Rent
$252,000
Median Home Value
Market
Vacancy Rate% for Office 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?
Mixed-use property - 1912 historic home on 2 acres, zoned light commercial.
Where is this mixed-use property located?
The property is located at 701 Sloan St Taylor, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Historic 1912 home in Old Town Taylor on 2 acres.; Zoned light commercial (MP4) offering opportunities for weddings, Airbnb, or events.; Spacious 4,036 sq ft interior with LARGE living area (19’x40’) and original hardwood floors.
