Auto Shop Property with
For Sale
$250,000
0005 S 3rd, Lometa, TX 76853
CommercialSale, Lometa, TX
Property Size3,023 SF
Lot Size0.72 Acres
Price / SF$82.70
Days on Market359
Property Features for 0005 S 3rd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Carport
Subdivision
Lometa
Lot features
City Lot, Half To One Acre Lot
Directions
Lampasas County Courthouse 501 Fourth St, Lampasas, TX 76550 Head east toward E 3rd St 148 ft Turn left toward E 3rd St 259 ft Turn left onto E 3rd St 0.3 mi Turn right onto S Key Ave/N U.S. Hwy 281 Pass by Subway (on the left in 0.2 mi) 1.4 mi Slight left onto US-183 N/US-190 W Continue to follow US-183 N Destination will be on the left 15.5 mi M&M Paint and Body 402 US-183, Lometa,
Standard status
Active
APN
7272
Size
3,023 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT: N 1/2 BLK 51 BLK: 51 ADDN: LOMETA
Tax Annual Amount
1664
Legal Description
LOT: N 1/2 BLK 51 BLK: 51 ADDN: LOMETA
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Concrete, Dirt
Building materials
Block, MetalFrame, Concrete
Listing Agency:
Always Here Properties, Llc
(254) 768-0047
Listed By:
Tanya Thompson · License #0778916
(512) 525-1140
Added: Sep 5, 2025
Changed: Aug 20
Last Checked: Aug 29 at 6:06PM
MLS# 592153
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This auto shop property includes two separate shop buildings and two carports on a 0.718-acre tract. One shop has a 1,250-square-foot concrete slab floor, while the second provides 1,500 square feet of dirt-floor area. The carports add a combined 440 square feet. Improvements date to 1970 and feature block, metal-frame, and concrete construction, with window-unit cooling.
The property is located at 0005 S 3rd in Lometa, near Hwy 183, with public water and public sewer service. Lampasas is approximately 16 miles away, and Goldthwaite is approximately 20 miles away. The buildings and surrounding property are being sold as-is. Contents located in or around the buildings, including the white portable building, do not convey.
The property is located at 0005 S 3rd in Lometa, near Hwy 183, with public water and public sewer service. Lampasas is approximately 16 miles away, and Goldthwaite is approximately 20 miles away. The buildings and surrounding property are being sold as-is. Contents located in or around the buildings, including the white portable building, do not convey.
Key Highlights
- 0.718‑acre property near Hwy 183 in Lometa, TX
- Two shop buildings include 1,250 SF of concrete slab flooring and 1,500 SF of dirt flooring
- Two carports provide a combined 440 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,920
$381.9K
Cap Rate 7%
$272,800
$272.8K
Cap Rate 9%
$212,178
$212.2K
Market Conditions
NOI Build-Up for 3,023 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $9.60/SF
− Vacancy
−$1.7K −$0.58/SF
EGI
$27.3K $9.02/SF
− OpEx
−$8.2K −$2.71/SF
NOI
$19.1K $6.32/SF
Area
Lampasas County, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,920
Cap Rate 7%
$272,800
Cap Rate 9%
$212,178
Alternative Uses
Best Use
Retail
$513.7K
$449.5K – $599.3K
NOI $35,957 @ 7.0% cap · market cap 14.38%
Second Best
Industrial
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$726.1K
$635.3K – $847.1K
NOI $50,827 @ 7.0% cap · market cap 20.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76853, TX
1,543
Population
774
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
85%
High-School Grad
282.4 sq mi
ZIP Area
5
Density / Sq Mi
$64,750
Median Household Income
$36,712
Median Earnings
$663
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Two shop buildings provide concrete and dirt-floor work areas, complemented by carport storage and on-site utilities.
Where is this auto shop located?
The property is located at 0005 S 3rd Lometa, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 0.718‑acre property near Hwy 183 in Lometa, TX; Two shop buildings include 1,250 SF of concrete slab flooring and 1,500 SF of dirt flooring; Two carports provide a combined 440 SF
