Industrial Flex Warehouse
For Sale
$1,150,000
101 John Kelly Street, Burnet, TX 78611
Well-equipped warehouse facility with dock-height loading, four private offices, conference room, and three HVAC systems.
Property Size6,210 SF
Price / SF$185.19
Days on Market64
Property Features for 101 John Kelly Street
General Information
Standard status
Active
Size
6,210 SF
Property subtype
Industrial
Zoning
Heavy Commercial
Additional Details
Heavy Power
Yes
Amenities
private offices
conference/meeting room
restrooms
shower stalls
dock-height receiving and loading area
air distribution system
HVAC systems
LED lighting
Central Air
Concrete
3
No Parking.
City Road, US Highway.
Building Details
Year Built
1995
Stories
1
Construction
rock exterior, metal roof
Listing Agency:
Topper Real Estate
(512) 695-1799
Listed By:
Topper Real Estate · License #0650086
(512) 695-1799
Source:
Xome
Added: Jun 21
Changed: Aug 23
Last Checked: Aug 22 at 11:41AM
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 Topper Real Estate
Investment Insights
Based on property information with market context.
This industrial flex warehouse facility offers a practical mix of office and operational space within a 6,210-square-foot commercial building. The property includes a durable rock exterior and metal roof, four private offices, a dedicated conference/meeting room, and two restrooms, including one with two shower stalls. Operational features include a dock-height receiving and loading area, professional air distribution, three HVAC systems, LED lighting throughout, and 600-amp 480-volt electrical service. Utilities include natural gas, with city water and sewer available.
The facility is located in Burnet and is zoned Heavy Commercial by the City of Burnet, supporting industrial, warehouse, distribution, contractor, and service-related operations. Its car-dependent access is consistent with a typical industrial setting.
With its office buildout alongside loading and warehouse functions, the layout is designed to support businesses that need both administrative space and reliable day-to-day operational infrastructure.
The facility is located in Burnet and is zoned Heavy Commercial by the City of Burnet, supporting industrial, warehouse, distribution, contractor, and service-related operations. Its car-dependent access is consistent with a typical industrial setting.
With its office buildout alongside loading and warehouse functions, the layout is designed to support businesses that need both administrative space and reliable day-to-day operational infrastructure.
Key Highlights
- 6,210 SF commercial facility built in 1995 in Burnet, zoned Heavy Commercial by the City of Burnet
- Dock‑height receiving and loading area for warehouse, distribution, contractor, and service‑related operations
- Metal roof and rock exterior with four private offices plus a dedicated conference/meeting room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,904
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,398,080
$1.4M
Cap Rate 7%
$998,629
$998.6K
Cap Rate 9%
$776,711
$776.7K
Market Conditions
NOI Build-Up for 6,210 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $69,904 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$822.4K
$719.6K – $959.5K
NOI $57,568 @ 7.0% cap · market cap 5.01%
Theoretical Best
Hotel Hospitality
$4.68M
$4.09M – $5.46M
NOI $327,422 @ 7.0% cap · market cap 28.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Well-equipped warehouse facility with dock-height loading, four private offices, conference room, and three HVAC systems.
Where is this flex space located?
The property is located at 101 John Kelly Street 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 SF commercial facility built in 1995 in Burnet, zoned Heavy Commercial by the City of Burnet; Dock‑height receiving and loading area for warehouse, distribution, contractor, and service‑related operations; Metal roof and rock exterior with four private offices plus a dedicated conference/meeting room
