Single-Story Office
For Sale
$2,200,000
710 First Street, Marble Falls, TX 78654
Commercial Sale, Marble Falls, TX
Property Size5,604 SF
Lot Size1.24 Acres
Price / SF$392.58
Days on Market35
Property Features for 710 First Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From US Hwy 281 in Marble Falls, turn west onto First Street. Property is located at 710 First Street, approximately one block from Hwy 281, on the corner.
Standard status
Active
APN
062594
Lot size
1.24 Acres
Taxes and HOA fees
Tax Description
S8457 VILLAGE AT LAKE MARBLE FALLS LOT 4
Legal Description
S8457 VILLAGE AT LAKE MARBLE FALLS LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2001
Flooring type
Vinyl, Tile, Carpet
Listing Agency:
Coleman Team Realty, LLC
(830) 385-6184
Listed By:
Rose Brasuel
(830) 385-5950
Added: Sep 3
Changed: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 179307
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.
Investment Insights
Based on property information with market context.
This single-story office property occupies approximately 1.24 acres and includes a building constructed in 2001. The interior provides open work areas alongside private offices, reception space, conference and meeting rooms, storage, built-in cabinetry, a break room or kitchenette, common areas, and multiple restrooms. Tile, vinyl, and carpet flooring are installed throughout, with central heating and central air conditioning. Portions of the building receive natural light through abundant windows, and the TPO roof was recoated in April 2026. Public sewer serves the property.
The building sits on a busy corner one block from Highway 281 in Marble Falls. The site includes parking and is located within the Downtown Transition District. The stated potential uses include office, medical office or clinic, general retail, personal services, business or trade school, and community assembly. Its location is also near Lake Marble Falls.
The building sits on a busy corner one block from Highway 281 in Marble Falls. The site includes parking and is located within the Downtown Transition District. The stated potential uses include office, medical office or clinic, general retail, personal services, business or trade school, and community assembly. Its location is also near Lake Marble Falls.
Key Highlights
- Approximately 1.24‑acre office property in Marble Falls
- Single‑story building constructed in 2001
- Corner position one block from Highway 281
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,778
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,355,560
$2.4M
Cap Rate 7%
$1,682,543
$1.7M
Cap Rate 9%
$1,308,644
$1.3M
Market Conditions
NOI Build-Up for 5,604 SF
Gross rent
$188.3K $33.60/SF
− Vacancy
−$31.3K −$5.58/SF
EGI
$157.0K $28.02/SF
− OpEx
−$39.3K −$7.01/SF
NOI
$117.8K $21.02/SF
Area
Burnet County, TX
Vacancy
16.60%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,355,560
Cap Rate 7%
$1,682,543
Cap Rate 9%
$1,308,644
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,778 @ 7.0% cap · market cap 5.35%
Second Best
Healthcare Medical
$636.1K
$556.6K – $742.2K
NOI $44,529 @ 7.0% cap · market cap 2.02%
Theoretical Best
Hotel Hospitality
$4.22M
$3.69M – $4.92M
NOI $295,471 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible floor plan includes private offices, open work areas, meeting rooms, and multiple restrooms.
Where is this office building located?
The property is located at 710 First Street Marble Falls, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approximately 1.24‑acre office property in Marble Falls; Single‑story building constructed in 2001; Corner position one block from Highway 281
