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    408 N Key Ave Lampasas, TX 76550

    For Sale
    $690,000

    COMMERCIAL - Lampasas, TX

    Property size:
    2,331 SF
    Lot size:
    0.21 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 408 N Key Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    1168
    Parking features
    Carport
    Interior features
    PullDownAtticStairs
    Accessibility
    Accessible Approach with Ramp
    Size
    2,331 SF
    Lot size
    0.21 Acres

    Utilities

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

    Building Details

    Year built
    1997
    Floors in Building
    1
    Flooring type
    Tile, Carpet
    Building materials
    StoneVeneer
    Roof type
    Metal

    Bear Real Estate Services (512) 556-9321 [email protected]

    Listing agent Audrey Bear (512) 556-9321 License #0516346

    Listing date Nov 6, 2025

    Copyright © 2025 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.

    Overview

    Commercial Office Building in Lampasas

    This commercial office building features four offices, a reception area, and a kitchenette. It includes a covered carport in the rear and a covered front porch. Situated on a corner lot on Key Avenue, the property offers ample parking. The lot size is 0.206 acres and the building size is 2331 square feet. Currently, the property is leased to an insurance company. The property is located in Lampasas, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rollo Insurance Lampasas Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.185188
    Latitude
    31.070355

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    FAQs

    What type of property is this?
    Office building - Commercial office building with four offices, reception, and kitchenette.
    Where is this office building located?
    The property is located at 408 N Key Ave Lampasas, TX.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - Leased to established Insurance company providing immediate income.; - Prime corner lot location on busy Key Ave offering **high visibility**.; - Includes **4 offices, reception area, and kitchenette** suitable for various business needs.
    (512) 556-9321
    Request Owner's contact information
    408 N Key Ave Lampasas, TX 76550
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    Realmo Value Estimation

    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.

    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.

    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
    408 N Key Ave Lampasas, TX 76550
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