Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    515 E Texas St Burton, TX 77835

    Sponsored
    For Sale
    $780,000

    Residential (town-s/D),Farm,Standard Frame - Burton, TX

    Type:Farm
    Property size:
    5,742 SF
    Lot size:
    1.31 Acres
    Days on Market:
    109
    Last Refresh:
    Jan 21 at 11:06 am

    Property Features for 515 E Texas St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    4
    APN
    R27212
    Parking features
    Carport
    Size
    5,742 SF
    Lot size
    1.31 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Year renovated
    1900
    Floors in Building
    1
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Susan Kiel

    MARKET REALTY, INC. (979) 836-9600

    Listing agent Susan Kiel (979) 836-9600 License #558624

    Listing date Oct 5, 2025

    MLS# 153605 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Burton, TX Residential Income Property

    Located in the historic town of Burton, Texas, halfway between Houston and Austin, this residential income property offers a rare opportunity to own 1.3 acres in the middle of town. The building, constructed in 1914, originally served as Burton’s public school and later became a home for senior citizens. It has been maintained and transitioned into an apartment property. The property features six one-bedroom and two-bedroom units within the main building, along with two cottages. On-site washer and dryer facilities are available for tenant use. The units have maintained excellent occupancy rates, with a 2% vacancy rate over the last two years and a 7.13% cap rate. The property is located in Washington County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Bar & Pub Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Burton
    County
    Washington
    State
    Texas
    Longitude
    -96.594766
    Latitude
    30.183021

    Nearby Similar for Sale

    • $990,000
      1.26 Acres

      Burton Landmark Retail Opportunity

      Turn-key businesses with exceptional visibility in the heart of Burton.
      12390 Fm 390 Rd, Burton, TX 77835
      View Details
    • $1,095,000
      2,497 SF

      Burton, TX Farm with Shop

      15-acre farm with pecan grove, pond, and 40x40 shop.
      775 Century Farms Rd, Burton, TX 77835
      View Details
    • $3,499,000
      1,500 SF

      Secluded Farm with Casita and Barns

      74.24-acre farm featuring a casita and re-engineered barns.
      1905 Century Farms Rd, Burton, TX 77835
      View Details
    • New
      $849,000
      1,493 SF

      Farmhouse with Guest House and Barn

      Charming remodeled farmhouse with guest house and barn on 11+ acres.
      1155 Lomax Harmel Rd, Burton, TX 77835
      View Details
    • $399,000
      8.03 Acres

      Burton, Texas 8-Acre Property

      8-acre property in Burton, Texas, with barn and bunkhouse.
      3395 Farm To Market 1948 N, Burton, TX 77835
      View Details
    • $499,999

      Burton, Texas Manufactured Home

      Ten unrestricted acres with renovated barn and comfortable manufactured home.
      10901 Harmon School Rd, Burton, TX 77835
      View Details
    • $1,599,000

      22.42 Acre Country Home

      Custom home on 22.42 acres with new metal barn.
      7650 Rolling Creek Rd, Burton, TX 77835
      View Details
    • $950,000

      Burton Farm with Vintage Charm

      15.224-acre property with a circa-1940s home and mature trees.
      1118 Fm 1697 Rd, Burton, TX 77835
      View Details
    • $1,695,000

      Washington County Acreage with Custom Home

      49.686 acres in Washington County featuring a custom home.
      1450 Fm 2502 Rd, Burton, TX 77835
      View Details
    • $925,000

      Picturesque Acreage with Live Oak

      Scenic 28.41-acre property near Brenham and Round Top, Texas.
      Rolling Creek Rd, Burton, TX 77835
      View Details
    • $1,669,500

      Texas Land with Views

      Land with views, oak trees, and pastures in Texas.
      1855 N Fm 1948 Rd, Burton, TX 77835
      View Details

    FAQs

    What type of property is this?
    Apartment building - Residential income property in historic Burton, Texas with excellent occupancy.
    Where is this apartment building located?
    The property is located at 515 E Texas St Burton, TX.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: - High income potential with an impressive 7.13% cap rate and a remarkably low 2% vacancy over the last two years.; - Rare 1.3-acre property located in the heart of Burton, TX.; - Six apartments in the main building are complemented by two charming cottages.
    (979) 289-2159
    Request Owner's contact information
    515 E Texas St Burton, TX 77835
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515 E Texas St
    Burton, TX 77835
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    515 E Texas St Burton, TX 77835
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Susan Kiel
    Real Estate License ID: 558624
    (979) 289-2159
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.