Building Details

Building Size 6,210 SF

Year Built 1995

Buildings 1

Construction rock exterior

Listing Agency: Topper Real Estate r***@topperrealestate.net Show Phone

Listed By: Jenna Moore · License #0650086 Show Phone

Source: Devillarproperties

Added: Jun 12 Changed: Oct 29 Last Checked: Oct 29 at 6:47PM

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Investment Insights

Based on property information with market context.

Built in 1995, this 6,210-square-foot flex facility in Burnet combines work areas with four private offices and a separate meeting room. It has two restrooms, one fitted with two shower stalls, plus a dock-height loading area. A rock exterior and metal roof complete the building envelope.

Building systems include three HVAC units, an air distribution system, LED lighting, natural gas, and city water and sewer. Electrical service is 600 amps at 480 volts. The property is zoned Heavy Commercial by the City of Burnet.

Key Highlights

• 6,210‑square‑foot flex facility in Burnet
• Heavy Commercial zoning by the City of Burnet
• Dock‑height receiving and loading area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,904

Cap Rate

6.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,398,080 $1.4M

Cap Rate 7%

$998,629 $998.6K

Cap Rate 9%

$776,711 $776.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,210 SF

Gross rent

$92.4K $14.88/SF

− Vacancy

−$10.2K −$1.64/SF

EGI

$82.2K $13.24/SF

− OpEx

−$12.3K −$1.99/SF

NOI

$69.9K $11.26/SF

Area

Burnet County, TX

Vacancy

11.00%

Lease Rate

$14.88 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,398,080

Cap Rate 7%

$998,629

Cap Rate 9%

$776,711

Alternative Uses

Best Use

Warehouse

$998.6K

$873.8K – $1.17M (±1% cap)

NOI $69,904 @ 7.0% cap · market cap 6.08%

Second Best

Industrial

$822.4K

$719.6K – $959.5K (±1% cap)

NOI $57,568 @ 7.0% cap · market cap 5.01%

Theoretical Best

Hotel Hospitality

$4.68M

$4.09M – $5.46M (±1% cap)

NOI $327,422 @ 7.0% cap · market cap 28.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Plumbing Service Auto Parts Store Garden Center Kitchen & Bath Showroom Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

210

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78611, TX

14,839

Population

7,417

Households

2

Avg Household Size

47

Median Age

28%

College-Educated

91%

High-School Grad

274.1 sq mi

ZIP Area

54

Density / Sq Mi

$78,243

Median Household Income

$40,062

Median Earnings

$1,111

Median Rent

$291,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Heavy Commercial zoning and a mix of office and operational areas support varied commercial activity.

Where is this flex space located?

The property is located at 101 John Kelly St Burnet, TX.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 6,210‑square‑foot flex facility in Burnet; Heavy Commercial zoning by the City of Burnet; Dock‑height receiving and loading area