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Property profile & analytics
FOR SALE
Commercial real estate
209 S Main St Salado, TX 76571
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5983190
For Sale
1 / 38
$1,250,000
209 S Main St, Salado, TX 76571
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Total area
3,220 SF
Lot
0.57 ac (24,786 SF)
APN
48988
UPID
US82-5983190
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
Current use
Occupant on record · Public records
-
Rachel Draper Wellness Medical Clinic Skin Care Clinic
-
Hailey Craig Licensed Texas Realtor Real Estate Agency
-
Lynne Sloane - TX LIC REALTOR®, ALL CITY REAL ESTATE, MAIN STREET GROUP Real Estate Agency
-
Woof.Salado (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
George W Mckirahan JR · 4 yrs held
George W Mckirahan JR
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salado submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salado submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,053
Tax year 2023
Assessed value
$267,973
Assessed 2024
Previous assessed
$256,653
+4.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$146,979
Assessed improvement
$120,994
Land market value
$146,979
Improvement market value
$120,994
Total market value
$267,973
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1987
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
2
Bathrooms
3
Total area
3,220 SF
Lot
0.57 ac (24,786 SF)
APN
48988
UPID
US82-5983190
Jurisdiction
BELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
George W Mckirahan JR
Individual
Mailing address
1547 CHEYENNE PASS, SALADO, TX 76571-6465
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
—
George W Mckirahan JR
Cynthia L Watson
Venders Lien
$600,000 · Bancorpsouth Bank
Mar 14, 2018
—
Cynthia B Watson
—
Deed
related
$49,636 · Horizon Bk
—
—
Cynthia L Watson
—
Deed Of Trust
related
$84,034 · Horizon Bank
—
—
Cynthia B Watson
—
Loan Modification
related
$49,636 · Horizon Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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