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    205 S Pierce Street Burnet, TX 78611

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    Claim this Listing
    For Sale
    $1,800,000

    COMMERCIAL - Burnet, TX

    Property size:
    5,768 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $312/SF
    Added:
    Apr 22, 2024
    Days on Market:
    733
    Last Refresh:
    Apr 24 at 6:06 pm

    Property Features for 205 S Pierce Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    commercial
    Parking
    16
    Appliances
    Microwave, Refrigerator
    Standard status
    Active
    APN
    035398
    Size
    5,768 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    S7150 PETER KERR PORTION LOT PT OF 4 BLK 7

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    14
    Flooring type
    Laminate, Tile
    Building materials
    Wood Siding, Stone, Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Kayla Runge
    Kayla Runge

    Listing agent Kayla Runge License #0733298

    Listing office eXp Realty, LLC 9600 GREAT HILLS TRL STE 150W, Austin, TX

    Listing date Apr 22, 2024

    MLS# 168451

    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

    Remodeled Commercial Property in Burnet, TX

    This meticulously remodeled commercial property is located in the heart of Burnet, Texas. The property features 14 offices within its 5768 square feet. The building has been remodeled down to the studs, with attention to detail. Community restrooms provide convenience for all tenants, and a spacious conference room is available for meetings and collaborations. A breakfast bar area includes a sink, mini fridge, and microwave. Situated on the historic square in downtown Burnet, the property has high visibility and accessibility. The property is currently 95% occupied. The property presents an investment opportunity in a growing community. It is suited for expanding a portfolio or establishing a business. The property is zoned for commercial use and is located in Burnet County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ST Insurance Group Insurance Agency Peace of Mind Wellness ... Crisis Center Attorney Brian White ... Law Firm Kayla Runge Real Estate Agency Kickstart Kids Speech ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burnet
    County
    Burnet
    State
    Texas
    Longitude
    -98.22609
    Latitude
    30.757452

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      Meticulously remodeled commercial property with 14 offices in Burnet, Texas.
      205 S Pierce St, Burnet, TX 78611
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    FAQs

    What type of property is this?
    Office building - Meticulously remodeled commercial property in the heart of Burnet, Texas.
    Where is this office building located?
    The property is located at 205 S Pierce Street Burnet, TX.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime location on the historic square in downtown Burnet, offering high visibility and accessibility.; Meticulously remodeled down to the studs with sleek finishes and state‑of‑the‑art facilities.; High occupancy rate of 95%, demonstrating strong tenant demand.
    (512) 755-5880
    We can help!
    Listing Contact
    Kayla Runge
    Kayla Runge
    Real Estate License ID: 0733298
    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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