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Property profile & analytics
OFF-MARKET
Commercial real estate

308-302 Broadway St St Elsa, TX 78543

5,336 SF 0.23 ac lot Built 1975
Property ID
Property summary
AI-generated overview

This exceptional commercial property in the heart of Elsa, Texas, presents a compelling investment opportunity. The 5,336 square foot building sits on a 0.23-acre lot and comprises three distinct units, all currently generating income from existing leases. The first unit operates as a nutrition shop, the second serves as a church, and the third functions as a combined boutique and flower shop. Unit 308 is significantly larger than units 302 and 322, which have been subdivided. This expansive unit boasts a sizable main area, two to three additional rooms, a restroom, a large central space ideal for various uses, and a garage suitable for storage. Ample parking is available at the front, side, and rear of the building, ensuring convenient access for tenants and customers. The property benefits from a recently installed metal roof (approximately three years old), providing long-term durability and reduced maintenance costs. Located in a high-traffic area, this property offers excellent visibility and accessibility, making it an attractive investment for both short-term and long-term returns. The existing leases provide immediate cash flow, while the versatile layout and prime location offer significant potential for future growth and development.

Property profile
Verified
Property type Commercial real estate
Year built 1975
Total area 5,336 SF
Lot 0.23 ac (10,019 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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