Lometa Commercial Property For
0005 S 3rd Lometa, TX 76853
For Sale
$250,000
Commercial property with shop buildings and carports in Lometa, TX.
Property Size1,500 SF
Lot Size0.72 Acres
Price / SF$166.67
Days on Market95
Property Features for 0005 S 3rd
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.72 Acres
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Always Here Properties, LLC
(254) 383-0789
Listed By:
Danielle Tucker Shepard · License #0637756
(254) 383-0789
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Always Here Properties, LLC
Investment Insights
Based on property information with market context.
This commercial property, formerly a paint and body shop, is located off Hwy 183 in Lometa, TX. The property includes 0.718 acres and features two shop buildings. One building has a 1,250 sq. ft. concrete slab floor, while the other has a 1,500 sq. ft. dirt floor. Additionally, there are two carports totaling 440 sq. ft. for storage or parking. The property is located approximately 16 miles from Lampasas and 20 miles from Goldthwaite. The property with buildings is being sold as-is.
Key Highlights
- Prime commercial location directly off Hwy 183.
- Two shop buildings on 0.718 acres.
- 1,250 sq. ft. shop building with concrete slab floor.
Financial Insights For Retail
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 | $27.0k | $18.00 |
| − Vacancy | −$1.5k | −$1.01 |
| EGI | $25.5k | $16.99 |
| − OpEx | −$7.6k | −$5.10 |
| NOI | $17.8k | $11.89 |
1,500 SF · lease $18.00/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$254.9K
$223.0K – $297.4K
NOI $17,842 @ 7.0% cap · market cap 7.14%
Second Best
Industrial
$135.4K
$118.4K – $157.9K
NOI $9,475 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$360.3K
$315.3K – $420.3K
NOI $25,220 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- K&S Towing “Lometa,Tx. — 442 W Main St, Lometa, TX 76853
- Doug's Garage & Lude — Lometa, TX 76853
- Pegleg Automotive — 116 S First St, Lometa, TX 76853
- SAS Towing and Recovery Inc Lometa — 438 W Main St, Lometa, TX 76853
- Lometa Gulf — 616 4th St, Lometa, TX 76853
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with shop buildings and carports in Lometa, TX.
Where is this auto shop located?
The property is located at 0005 S 3rd Lometa, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime commercial location directly off Hwy 183.; Two shop buildings on 0.718 acres.; 1,250 sq. ft. shop building with concrete slab floor.
