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    Historic Home in Old Town Title is generated by Realmo AI

    701 Sloan St, Taylor, TX 76574

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    1912 historic home on 2 acres, zoned light commercial.

    Type:Hospitality, Mixed Use, Office, Special Purpose
    Property size:
    4,036 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $179/SF
    Added:
    Oct 21, 2024
    Days on Market:
    594
    Last Refresh:
    May 12 at 9:23 pm

    Property Features for 701 Sloan St

    General Information

    Standard status
    Active
    Size
    4,036 SF
    Lot size
    2.00 Acres
    Property subtype
    Hospitality, Mixed Use, Office, Special Purpose

    Building Details

    Year Built
    1912

    We can help!

    Listing Contact
    Danny Armstrong
    Danny Armstrong

    Listing agent Danny Armstrong License #tx

    Listing office Armstrong Real Estate

    Listing date Oct 21, 2024

    Source Crexi

    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

    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.
    • Modern kitchen, sunroom, formal dining room, and butler’s pantry for comfortable living.
    • Elevator access to 3 bedrooms and bathrooms upstairs, plus a second laundry room.
    • New roof (Oct. 2024), detached 2‑car garage with apartment potential, and large front porch and back patio.

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Williamson
    State
    Texas
    Longitude
    -97.4290878
    Latitude
    30.5725636

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    FAQs

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Danny Armstrong
    Danny Armstrong
    Real Estate License ID: tx
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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