Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    515 Main Street Marble Falls, TX 78654

    View on Map
    For Lease
    $345,000

    COMMERCIAL - Marble Falls, TX

    Property size:
    1,760 SF
    Lot size:
    0.10 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    21
    Last Refresh:
    Mar 31 at 8:06 pm

    Property Features for 515 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    DWNTWN COM
    Standard status
    Active
    APN
    028554
    Size
    1,760 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    TaxDescription
    MARBLE FALLS CITY LOT 13A BLK 31

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Wall Furnace, Central
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1976
    Flooring type
    Laminate
    Building materials
    Wood Siding, HardiPlank Type
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Bob Tuteur
    Bob Tuteur

    Listing agent Bob Tuteur License #0494545

    Listing office Hurst Realty, LLC 404 S Ave M P O Box 662, Marble Falls, TX

    Listing date Mar 11, 2026

    MLS# 176892

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Building on Main Street

    This charming commercial building is located on Main Street in downtown Marble Falls, Texas. The main building offers 1520 square feet of space, complemented by a 12x20 (240 square feet) portable building with electric heat and AC, suitable for a private office or storage. The total square footage is 1760. The property is zoned DWNTWN COM, allowing for various possibilities such as retail, showroom sales, or office space. The building features recently installed low-energy LED lighting throughout, a private 10'x10' office with a locking door, and an easy-access storage closet. Alley access is available for deliveries. Water, sewer, trash, and landscaping are included. The property offers the possibility to live in the back area to save rent money.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Marble Falls
    County
    Llano
    State
    Texas
    Longitude
    -98.2219
    Latitude
    30.5925

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Building on Main Street

      Charming commercial building in downtown Marble Falls available for lease.
      515 Main Street, Marble Falls, TX 78654
      View Details
    • Contact for pricing

      Remodeled Commercial Space on Highway

      High-visibility Marble Falls commercial space, move-in ready and recently updated.
      2000 N US Highway 281, Marble Falls, TX 78654
      View Details
    • Contact for pricing

      Prime Commercial Space, Marble Falls

      Versatile commercial space in a rapidly growing community.
      1307 Second St, Marble Falls, TX 78654
      View Details
    • Contact for pricing

      Remodeled Office Space on Highway

      Modern office space with reception area and cubicles available for rent.
      1807 N Hwy 281N Ste A4, Marble Falls, TX 78654-0000
      View Details
    • Contact for pricing

      Professional Office Space Available Now

      Centrally located office space in Marble Falls, Texas.
      1800 Mormon Mill Road, Marble Falls, TX 78654-0000
      View Details
    • Contact for pricing

      Spacious Storage Unit Available

      625 sq ft storage unit for equipment or inventory.
      1007 Avenue K, Marble Falls, TX 78654
      View Details
    • Contact for pricing

      Prime Location in Marble Falls

      Versatile commercial space in the heart of Marble Falls.
      815 Sixth St, Marble Falls, TX 78654
      View Details
    • Contact for pricing

      Marble Falls Office Park Space

      Professional office space in Marble Falls, available September 1st.
      1800 Mormon Mill Rd, Marble Falls, TX, 78654-4175
      View Details
    • $8/mo

      Industrial Building in Marble Falls

      4,863 SF industrial building with showroom and warehouse space.
      1602 FM 1431, Marble Falls, TX
      View Details
    • $15/mo

      Retail Space on Highway 281

      Retail space in Marble Falls with highway visibility.
      2508 N Highway 281, Marble Falls, TX
      View Details
    • Contact for pricing

      New Retail Space Available

      Class A retail space near new residential and medical developments.
      1840 S Us Hwy 281, Marble Falls, TX
      View Details
    • Contact for pricing

      Medical Office Space in Marble Falls

      Medical outpatient space available for lease in Marble Falls, TX.
      104 Max Starcke Dam Rd, Marble Falls, TX
      View Details

    FAQs

    What type of property is this?
    Storefront property - Charming commercial building in downtown Marble Falls, Texas.
    Where is this storefront property located?
    The property is located at 515 Main Street Marble Falls, TX.
    What is the lease rate?
    The lease rate is $345,000.
    What are key features of this property?
    This property features: Prime downtown location on Main Street; Total 1760 SF including main building and separate portable building with electric heat and AC; Suitable for retail, showroom, or office space with live‑in potential to save on rent
    (512) 755-4069
    We can help!
    Listing Contact
    Bob Tuteur
    Bob Tuteur
    Real Estate License ID: 0494545
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!