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    1504 RR 261 - Commercial Shop Buchanan Dam, TX 78609

    View on Map
    For Lease
    $2,500 /Mo

    COMMERCIAL - Buchanan Dam, TX

    Property size:
    3,000 SF
    Lot size:
    2.38 Acres
    Added:
    Dec 12, 2025
    Days on Market:
    109
    Last Refresh:
    Mar 31 at 7:06 pm

    Property Features for 1504 RR 261 - Commercial Shop

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    023668
    Size
    3,000 SF
    Lot size
    2.38 Acres

    Taxes and HOA fees

    TaxDescription
    South Shore on Lake Buchanan - Commercial Building

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2005
    Flooring type
    Concrete
    Building materials
    Steel Frame

    We can help!

    Listing Contact
    Jason James

    Listing agent Jason James

    Listing office Jesse James Real Estate 500 W Young, Llano, TX

    Listing date Dec 12, 2025

    MLS# 175913

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Metal Shop with Ramp

    This is a unique opportunity to lease a 3,000 sq ft metal building with waterfront access. The metal shop is 50'x60', on a slab, and insulated. It features three large roll-up doors and direct access to Lake Buchanan via a concrete boat ramp on site. There are two 14'x14' roll-up doors and one 12'x12' roll-up door, suitable for storing large items such as boats and bus-sized RVs. This location is ideal for a boat or RV mechanic. It is located in the Highland Lakes area. RV sites and homes are also available for lease on this 2.38-acre property, offering a live/work situation. The property is conveniently located at the south end of Lake Buchanan near Hwy's 1431 & 29, and is 20 minutes or less from Burnet, Marble Falls, Llano & Kingsland. Some restrictions apply.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Buchanan Dam
    County
    Llano
    State
    Texas
    Longitude
    -98.4911
    Latitude
    30.7573

    Nearby Similar for Lease

    • Contact for pricing

      Buchanan Dam Commercial Restaurant Space

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      Retail Space on Highway 29

      Newly renovated retail space with high traffic frontage on Highway 29.
      15801 Hwy 29, Buchanan Dam, TX 78609
      View Details

    FAQs

    What type of property is this?
    Flex space - 3,000 SF metal shop with direct lake access.
    Where is this flex space located?
    The property is located at 1504 RR 261 - Commercial Shop Buchanan Dam, TX.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Waterfront access to Lake Buchanan with a private concrete boat ramp.; Large 3,000 sq ft insulated metal shop with concrete slab.; Three large roll‑up doors: two 14'x14' and one 12'x12', suitable for large vehicles/boats.
    (325) 423-4415
    We can help!
    Listing Contact
    Jason James
    Learn More
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    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
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