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117 San Augustine St 6,472 SF 67% Leased Office Building Center, TX 75935 $1,200,000 ($185.41/SF) 7.50% Cap Rate
Investment Highlights
- Beautifully updated Historic building in downtown Center, TX
- Available 2,500 SF of extra office space or call center on second floor
- Tenant signed January 1, 2026
Executive Summary
Historic Building in Downtown Center, Texas recently updated in 2021. Beautifully appointed with tons of space and flexibility. Tenant lease commenced January 1, 2026 with additional 2,500 sq. ft. upstairs to be leased for Call Center, Office Space.
Sale Flyer
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
6,472 SF
Building Class
C
Year Built/Renovated
1970/2021
Price
$1,200,000
Price Per SF
$185.41
Cap Rate
7.50%
NOI
$90,000
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,250 SF
Building FAR
1.65
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
PD - Commercial
Amenities
- 24 Hour Access
- Reception
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
3,385
6,945
8,581
2024 Population
3,640
7,323
8,884
Population Growth '20-'24
7.5%
5.4%
3.5%
2020 Households
1,262
2,595
3,198
2024 Households
1,357
2,735
3,310
Household Growth '20-'24
7.5%
5.4%
3.5%
Average Age
38
38
38
Median Household Income
$60,295
$48,561
$48,543
Daytime Employees
4,602
6,843
7,155
Total Businesses
470
698
764
College Degree + Higher
14%
12%
12%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Chubby's Fried Chicken-Seafood | Seafood | $$ | 11 min walk |
| Dairy Queen | - | - | 12 min walk |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 4 min walk |
Hotels |
|
|---|---|
| Hampton by Hilton |
66 rooms
3 min drive
|
| Best Western Plus |
60 rooms
3 min drive
|
| Sleep Inn |
55 rooms
3 min drive
|
| Holiday Inn Express |
60 rooms
3 min drive
|
Property Taxes
| Parcel Number | R20001 | Improvements Assessment | $214,550 |
| Land Assessment | $9,950 | Total Assessment | $224,500 |
Property Taxes
Parcel Number
R20001
Land Assessment
$9,950
Improvements Assessment
$214,550
Total Assessment
$224,500
Sale Advisor
Sale Advisor
Ron Brown, Principal
Ron came to Texas in 2008 after the financial crisis reset the lending industry and he and his partner shut down their decade old mortgage company. Ron then joined the largest Used Car Dealership in South Texas managing and overseeing financing. In 2016 he earned his Real Estate License where he became a top producer and Broker of the Year in 2022 at MHW Brokerage Services, LLC before branching out with 3 other partners to form their own brokerage: Texas Commercial Realty Group, LLC. At Texas Commercial Realty Group, he joins an Industrial/Flex specialist, a couple of Land specialists that have backgrounds in Oil/Gas Land Man operations, and along with Ron's experience in Retail and Office, the Group makes a formidable team.
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117 San Augustine St
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