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    407 Main St Taylor, TX 76574

    Sponsored
    For Sale
    $750,000

    Starbucks-occupied, redevelopment opportunity.

    Property size:
    1,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 1,450-square-foot retail property located at 407 S Main St, Taylor, TX 76574. Currently occupied by a credit-rated Starbucks under a triple-net (NNN) lease, this single-tenant property boasts a 100% occupancy rate. The lease commenced on October 17, 2023, and expires on November 30, 2023, offering a unique redevelopment opportunity. The property features a Class C building constructed in 1945 and renovated in 2020, situated on a 0.12-acre lot zoned B3. With a net operating income (NOI) of $54,000 and an asking price of $750,000, this translates to a compelling 7.20% cap rate and a price per square foot of $517.24. The property's prime downtown Taylor location presents significant potential for future development, particularly given the availability of two adjacent properties for sale (allowing for the creation of a larger shopping center). This is a single-story building with one unit. The property is offered for sale by owner. This is a rare chance to acquire a high-performing asset in a thriving Texas market.

    Property Features for 407 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,450 SF
    Class
    C
    Lot Size
    5,227 SF

    Building Details

    Year Built/Renovated
    1945/2020
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $750,000 asking price for a 1,450 SF retail property.
    • Located in downtown Taylor, Texas at 407 S Main St.
    • Currently 100% occupied by a credit‑rated Starbucks tenant under a NNN lease.
    • Features a 7.20% cap rate with a $54,000 NOI.
    • The property is a single‑story, 1,450 square foot building on a 0.12‑acre lot, built in 1945 and renovated in 2020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Friends of the Bride Bridal Shop 74 Man Store Men'S Clothing Store Texas Capital Real ... Real Estate Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Williamson
    State
    Texas
    Longitude
    -97.4087125
    Latitude
    30.5642336

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    FAQs

    What type of property is this?
    Individual retail property - Starbucks-occupied, redevelopment opportunity.
    Where is this individual retail property located?
    The property is located at 407 Main St Taylor, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for a 1,450 SF retail property.; Located in downtown Taylor, Texas at 407 S Main St.; Currently 100% occupied by a credit-rated Starbucks tenant under a NNN lease.
    Request Owner's contact information
    407 Main St Taylor, TX 76574
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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
    407 Main St Taylor, TX 76574
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