Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    390 Reynolds St La Grange, TX 78945-2940
    Back to Search
    Property profile & analytics

    390 Reynolds St, La Grange, TX 78945-2940

    View on Map
    • Industrial properties
    • 25,764 SF
    • 0.99 lot acres
    Off-Market
    Property ID
    US82-6030505
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,275,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 390 Reynolds St

    Year built
    1993
    Lot size
    0.99 lot acres
    Property type
    Industrial properties
    APN
    37448
    APU
    37448

    Description

    This exceptional 25,764-square-foot industrial property in La Grange, Texas, presents a compelling investment opportunity. Located at 390 S Reynolds St, this Class B building boasts a single story and sits on a substantial 1,986-acre lot. Built in 1993 and renovated in 2015, the property features one unit with a total of 25,764 square feet of net rentable space, priced at $97.03 per square foot. The building's functionality is enhanced by one dock-high loading dock and one dock-high door, along with four exterior roll-up doors ranging from 8 to 15 feet in height. Ideal for distribution, manufacturing, or warehouse operations, the property includes four private offices, each with its own bathroom, plus multiple additional offices and employee restrooms throughout the facility. The building is fully climate-controlled and insulated. Its strategic location between Houston, Austin, San Antonio, and Bryan College Station offers easy highway access. The property is zoned for industrial use and benefits from three-phase power. This well-maintained facility is ready for immediate occupancy and presents a rare opportunity in the thriving Texas market. The asking price is $2,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,172,000
      Market price range: $553k - $1.87M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,120,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.8626
    Latitude
    29.9107

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,482
    $39,090
    $813,360
    $852,450
    -
    $39,090
    $813,360
    $852,450

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      137 Knape Rd

      Farms
      137 Knape Rd, La Grange, TX 78945
      View Details
    • Value Estimation by Request
      4,042 SF

      1126 Eblin St

      INDUSTRIAL (GENERAL)
      1126 Eblin St, La Grange, TX 78945-2918
      View Details
    • Value Estimation
      $3,050,000
      69,321 SF

      4495 State Hwy 71

      INDUSTRIAL (GENERAL)
      4495 State Hwy 71, La Grange, TX 78945-5897
      View Details
    • Value Estimation by Request
      826 SF

      445 Travis St

      INDUSTRIAL (GENERAL)
      445 Travis St, La Grange, TX 78945-2654
      View Details
    • Value Estimation by Request
      10,960 SF

      6120 Us Hwy 77

      INDUSTRIAL (GENERAL)
      6120 Us Hwy 77, La Grange, TX 78945-5478
      View Details
    • Value Estimation by Request
      0.20 Acres

      Hwy 77th N

      INDUSTRIAL (GENERAL)
      Hwy 77th N, La Grange, TX 78945
      View Details

    Similar Nearby for Sale

    • $765,000
      15.34 Acres

      Prime Commercial Tract on Highway

      High-visibility 15+ acre commercial land in a high-growth location.
      Tbd State Hwy 71, La Grange, TX 78945
      View Details
    • Contact for pricing
      10,845 SF

      La Grange Flex Warehouse Space

      10,845 SF flex warehouse on 19.25 acres for sale.
      851 Bordovsky Rd, La Grange, TX 78945
      View Details
    • $399,900
      12,800 SF

      La Grange Storage Units For Sale

      Commercial and residential storage units in La Grange, Texas.
      416 West La Fayette St, La Grange, TX 78945
      View Details
    • $987,000
      2,096 SF

      Highway Frontage Residential Farm-Ranch Property

      8.043 acres with brick home, potential for residential or commercial.
      1243 North Jefferson St, La Grange, TX 78945
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      La Grange Flex Space

      High-visibility flex space suitable for salon, spa, office use.
      1417 W State Highway 71 Byp E, La Grange, TX 78945
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1618 State Highway 71 Byp, La Grange, TX 78945
      View Details
    • $6,000 /Mo

      La Grange Restaurant Space Available

      High-visibility restaurant space in the heart of La Grange.
      403 N Jefferson St, La Grange, TX 78945
      View Details
    • $7,500 /Mo

      Retail Space in La Grange

      Retail space available for lease in La Grange, Texas.
      403 N Jefferson St, La Grange, TX 78945
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    390 Reynolds St
    La Grange, TX 78945-2940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    390 Reynolds St, La Grange, TX, 78945
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!