Flex Space with 8-Bay
408 S Main Street Lampasas, TX 76550
408 S Main Street, Lampasas, TX, 76550
$749,400
For Sale
$749,400
COMMERCIAL - Lampasas, TX
Property Size8,440 SF
Lot Size0.38 Acres
Price / SF$88.79
Days on Market137
Property Features for 408 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R
- Parking features
- Oversize
- Standard status
- Active
- APN
- 150
- Size
- 8,440 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT: LTS 1,2 S 36 OF 3 BLK: 37 ADDN: A H BARNES
- Tax Annual Amount
- 6065
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- MetalFrame
- Roof type
- Metal
Listing Agency
Olivos Group
(512) 887-1888
PO BOX 162624, TX
Listed by
Matthew W. Shaw · License #0494926
(512) 922-1787
Added: Mar 3 Checked: Jul 18 at 9:06 am
MLS# 606123
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 flex space at 408 S Main Street in Lampasas offers a sizable 8,440-square-foot footprint designed around a massive 8-bay layout. The building is constructed with solid metal framing and a metal roof, with durable concrete flooring throughout. It has already received modern updates, and the space is described as ready to be custom-finished to align with an owner’s specific operational needs.
The property sits on a hard corner in historic downtown Lampasas, directly along Main Street. It is located near the intersection area of Highway 183, Highway 281, and Highway 190, supporting strong day-to-day visibility for commercial activity.
The 8-bay configuration and flexible interior make the property suitable for a range of uses, including automotive and trade services, light industrial, warehouse storage, showrooms, retail, and other business concepts that benefit from straightforward layout and durable improvements. With its combination of metal construction, practical finishes, and central frontage, the building supports both owner-user scenarios and landlord/tenant arrangements where a blank-canvas approach is preferred.
The property sits on a hard corner in historic downtown Lampasas, directly along Main Street. It is located near the intersection area of Highway 183, Highway 281, and Highway 190, supporting strong day-to-day visibility for commercial activity.
The 8-bay configuration and flexible interior make the property suitable for a range of uses, including automotive and trade services, light industrial, warehouse storage, showrooms, retail, and other business concepts that benefit from straightforward layout and durable improvements. With its combination of metal construction, practical finishes, and central frontage, the building supports both owner-user scenarios and landlord/tenant arrangements where a blank-canvas approach is preferred.
Key Highlights
- 8,440 SF flex space in historic downtown Lampasas on Main Street
- 8‑bay building layout with metal‑frame construction and metal roof
- Concrete flooring designed for durable, high‑traffic use
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.0k | $9.00 |
| − Vacancy | −$4.6k | −$0.54 |
| EGI | $71.4k | $8.46 |
| − OpEx | −$10.7k | −$1.27 |
| NOI | $60.7k | $7.19 |
8,440 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,389 @ 7.0% cap · market cap 13.40%
Second Best
Warehouse
$867.0K
$758.7K – $1.01M
NOI $60,692 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,905 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile flex building with durable concrete floors and an eight-bay layout for owner-use or multiple business concepts.
Where is this flex space located?
The property is located at 408 S Main Street Lampasas, TX.
What is the asking price?
The asking price for this property is $749,400.
What are key features of this property?
This property features: 8,440 SF flex space in historic downtown Lampasas on Main Street; 8‑bay building layout with metal‑frame construction and metal roof; Concrete flooring designed for durable, high‑traffic use
