Live-Work Property with
829 State Highway 21 Cedar Creek, TX 78612
829 State Highway 21, Cedar Creek, TX, 78612
$570,000
For Sale
$570,000
COMMERCIAL - Cedar Creek, TX
Property Size4,572 SF
Lot Size2.05 Acres
Price / SF$124.67
Days on Market149
Property Features for 829 State Highway 21
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 25908
- Size
- 4,572 SF
- Lot size
- 2.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- A45 LITTON, ADDISON, ACRES 2.0542
- Tax Annual Amount
- 9175
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Flooring type
- Hardwood, Concrete, Vinyl, Laminate
- Building materials
- WoodSiding
Listing agency
TS Realty
(210) 269-9940
Listed by
Elizabeth Schmidtberger · License #0690215
(210) 269-9940
Added: Feb 23 Updated: Jul 12 at 10:35AM Checked: Jul 22 at 3:06PM
MLS# 605277
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.
A unique live-work property combining a 5-bedroom, 2.5-bath residence with multiple commercial improvements. The home features a freshly painted interior, an open kitchen, and a wraparound deck, with space for family or staff. Additional onsite utility includes a detached shop for storage or workspace, plus a 1,200-square-foot pole barn for equipment or expansion. The commercial component is a 2,492-square-foot warehouse with its own office and bathroom, currently rented.
The property is located at 829 State Highway 21 in Cedar Creek, Texas, on a 2.0542-acre lot. The listing describes partial residential and partial commercial zoning, offering flexibility for a combined on-site setup.
For-sale opportunity for buyers looking to own a residence alongside an income-producing warehouse and added storage/functionality under one roof.
The property is located at 829 State Highway 21 in Cedar Creek, Texas, on a 2.0542-acre lot. The listing describes partial residential and partial commercial zoning, offering flexibility for a combined on-site setup.
For-sale opportunity for buyers looking to own a residence alongside an income-producing warehouse and added storage/functionality under one roof.
Key Highlights
- 2000‑built property in Cedar Creek, TX with wood siding, central heating, and central A/C
- 5‑bedroom home with 2.5 bathrooms; freshly painted and includes an open kitchen
- Wraparound deck plus detached shop for storage or workspace
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 | $68.0k | $14.88 |
| − Vacancy | −$13.9k | −$3.04 |
| EGI | $54.2k | $11.84 |
| − OpEx | −$8.1k | −$1.78 |
| NOI | $46.0k | $10.07 |
4,572 SF · lease $14.88/SF/yr · vacancy 20.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.82M
NOI $109,022 @ 7.0% cap · market cap 19.13%
Second Best
Mixed Use
$1.08M
$943.0K – $1.26M
NOI $75,438 @ 7.0% cap · market cap 13.23%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,413 @ 7.0% cap · market cap 22.00%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Combination residence and warehouse on 2.05 acres, with a rented 2,492 SF warehouse and 1,200 SF pole barn.
Where is this live-work space located?
The property is located at 829 State Highway 21 Cedar Creek, TX.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 2000‑built property in Cedar Creek, TX with wood siding, central heating, and central A/C; 5‑bedroom home with 2.5 bathrooms; freshly painted and includes an open kitchen; Wraparound deck plus detached shop for storage or workspace
