Live-Work Building with Manufactured
503 S 4th Street Lometa, TX 76853
For Sale
$275,000
SINGLE_FAMILY - Lometa, TX
Property Size1,800 SF
Lot Size0.38 Acres
Price / SF$152.78
Days on Market801
Property Features for 503 S 4th Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- RV, Carport
- Standard status
- Active
- APN
- 7267
- Size
- 1,800 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- LOT: FR LOT 2 BLK: 49 ADDN: LOMETA
- Tax Annual Amount
- 641
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Private
Building Details
- Floors in Building
- 1
- Flooring type
- Vinyl, Tile
- Building materials
- Block, Concrete
- Roof type
- Metal
Listing Agency:
The Kuker Company
(512) 556-4600
Listed By:
Janet Myrick · License #0589146
(512) 734-0057
Added: May 14, 2024
Changed: Jul 11
Last Checked: Jul 23 at 10:06PM
MLS# 543979
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 mixed-use live-work property includes an 1,800 SF main building that was previously used as a nail salon. The layout features a spacious salon room, a customer bath, a laundry area, ample storage, and a second bath with a shower. Also included is an 1,100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area.
The property is located at 503 S 4th Street in Lometa, Texas, with easy highway access. Additional improvements include an 8 X 40 storage conex with electricity, along with a 2-car carport and RV parking on concrete slabs.
Overall, the combination of a dedicated main workspace, residential quarters, and on-site storage and vehicle parking supports a range of live-work arrangements.
The property is located at 503 S 4th Street in Lometa, Texas, with easy highway access. Additional improvements include an 8 X 40 storage conex with electricity, along with a 2-car carport and RV parking on concrete slabs.
Overall, the combination of a dedicated main workspace, residential quarters, and on-site storage and vehicle parking supports a range of live-work arrangements.
Key Highlights
- 1800 SF main commercial building (previous nail salon) with spacious salon room, customer bath, laundry area, and ample storage
- Second bath with shower in the 1800 SF main building
- 1100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area
Financial Insights For Office B
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 | $38.9k | $21.60 |
| − Vacancy | −$7.2k | −$3.97 |
| EGI | $31.7k | $17.63 |
| − OpEx | −$7.9k | −$4.41 |
| NOI | $23.8k | $13.22 |
1,800 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 8.65%
Second Best
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$432.3K
$378.3K – $504.4K
NOI $30,264 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Mixed-use live-work property with an 1,800 SF main building plus a 1,100 SF manufactured home and storage connex.
Where is this live-work space located?
The property is located at 503 S 4th Street Lometa, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1800 SF main commercial building (previous nail salon) with spacious salon room, customer bath, laundry area, and ample storage; Second bath with shower in the 1800 SF main building; 1100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area
