Retail Liquor
For Sale
$595,000
222 E State Highway 29, Bertram, TX 78605
COMMERCIAL - Bertram, TX
Property Size1,986 SF
Lot Size0.15 Acres
Price / SF$299.60
Days on Market17
Property Features for 222 E State Highway 29
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Subdivision
Original Bertram
Lot features
Corner Lot, City Lot, Less Than Quarter Acre
Directions
Take TX-195 E, TX-138 W and FM 243 W to W State Hwy 29 in Bertram, Tx.
Standard status
Active
APN
33831
Size
1,986 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
S6900 ORIGINAL BERTRAM LOT NORTH 80.85 FT OF 6,7,8 BLK 9 .151
Tax Annual Amount
6363
Legal Description
S6900 ORIGINAL BERTRAM LOT NORTH 80.85 FT OF 6,7,8 BLK 9 .151
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
walk-in Beer Cave
multiple coolers
organized shelving
updated HVAC ductwork
security camera system
Building Details
Year built
2016
Floors in Building
1
Flooring type
Concrete, Combination, Tile, Linoleum, Laminate, Vinyl
Building materials
MetalFrame, MetalSiding, StoneVeneer
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Oraya Fernandez · License #0718576
(254) 833-3379
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 15 at 2:06AM
MLS# 621234
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.
Stone retail building built in 2016 and suited for liquor sales, offering bright lighting, durable flooring, and an easy day-to-day layout. The interior includes a walk-in Beer Cave, multiple coolers, organized shelving, and a clean, functional floor plan. Updated HVAC ductwork and a security camera system are already in place.
The property is located right on Hwy 29 in the heart of Bertram, with easy on-site parking and visibility to passing traffic. Public remarks cite over 16,700 vehicles passing daily along Hwy 29, supporting steady exposure to locals, ranch families, and travelers through Burnet County.
A current tenant, Bertram Liquor, has operated since 2023. The offering is supported by public water service and electric heating and cooling.
The property is located right on Hwy 29 in the heart of Bertram, with easy on-site parking and visibility to passing traffic. Public remarks cite over 16,700 vehicles passing daily along Hwy 29, supporting steady exposure to locals, ranch families, and travelers through Burnet County.
A current tenant, Bertram Liquor, has operated since 2023. The offering is supported by public water service and electric heating and cooling.
Key Highlights
- Built in 2016 stone retail building
- Walk‑in Beer Cave plus multiple coolers
- Updated HVAC ductwork and security camera system
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
$36,372
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
6.11%
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%
$727,440
$727.4K
Cap Rate 7%
$519,600
$519.6K
Cap Rate 9%
$404,133
$404.1K
Market Conditions
NOI Build-Up for 1,986 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
$53.6K $27.00/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$52.0K $26.16/SF
− OpEx
−$15.6K −$7.85/SF
NOI
$36.4K $18.31/SF
Area
Burnet County, TX
Vacancy
3.10%
Lease Rate
$27.00 /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%
$727,440
Cap Rate 7%
$519,600
Cap Rate 9%
$404,133
Alternative Uses
Best Use
Retail
$519.6K
$454.7K – $606.2K
NOI $36,372 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.50M
$1.31M – $1.75M
NOI $104,712 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16,700 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
9,396 visits/mo
0.1 miles
Dollar General
Shops & Services
8,087 visits/mo
0.1 miles
Exxon
Shops & Services
3,589 visits/mo
0.4 miles
Demographics for 78605, TX
6,246
Population
2,972
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
81%
High-School Grad
172.0 sq mi
ZIP Area
36
Density / Sq Mi
$81,833
Median Household Income
$37,346
Median Earnings
$1,181
Median Rent
$270,800
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.
Frequently Asked Questions
What type of property is this?
Retail space - Stone retail building in Bertram with a walk-in beer cave, multiple coolers, and security camera system.
Where is this retail space located?
The property is located at 222 E State Highway 29 Bertram, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Built in 2016 stone retail building; Walk‑in Beer Cave plus multiple coolers; Updated HVAC ductwork and security camera system
