Flex Space with Loading
New
For Sale
$1,150,000
101 John Kelly Street, Burnet, TX 78611
CommercialSale, Burnet, TX
Property Size6,210 SF
Lot Size1.90 Acres
Price / SF$185.19
Days on Market2
Property Features for 101 John Kelly Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Accessibility
Accessible Approach with Ramp
Lot features
One To Three Acres, City Lot
Directions
In Burnet take Hwy 281 South. Property is on the corner of Hwy 281 and John Kelly Dr.
Standard status
Active
APN
56905
Size
6,210 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
ABS A0880 LEMUEL TAYLOR, 1.902 ACRES
Tax Annual Amount
16415
Legal Description
ABS A0880 LEMUEL TAYLOR, 1.902 ACRES
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
conference/meeting room
shower stalls
Building Details
Year built
1995
Floors in Building
1
Flooring type
Concrete
Building materials
Masonry, StoneVeneer
Listing Agency:
Topper Real Estate
(830) 868-4663
Listed By:
Jenna Moore · License #0650086
(512) 695-1799
Added: Aug 19
Last Checked: Aug 20 at 5:06AM
MLS# 623074
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.
This 6,210-square-foot flex facility on 1.902 acres offers a combination of office and operational areas within a masonry and stone-veneer building completed in 1995. The interior includes four private offices, a conference or meeting room, two restrooms, concrete flooring, and a dock-height receiving and loading area. One restroom has two shower stalls, adding functionality for certain commercial operations.
The property is zoned Heavy Commercial by the City of Burnet and served by public water and public sewer. Building systems include three HVAC units, a professional air distribution system, LED lighting, natural gas, and 600-amp, 480-volt electrical service. An accessible approach with ramp and driveway parking are also provided.
The property is zoned Heavy Commercial by the City of Burnet and served by public water and public sewer. Building systems include three HVAC units, a professional air distribution system, LED lighting, natural gas, and 600-amp, 480-volt electrical service. An accessible approach with ramp and driveway parking are also provided.
Key Highlights
- 6,210‑square‑foot facility on 1.902 acres
- Heavy Commercial zoning by the City of Burnet
- Dock‑height receiving and loading area
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
Office B
$1.86M
$1.63M – $2.18M
NOI $130,514 @ 7.0% cap · market cap 11.35%
Second Best
Warehouse
$998.6K
$873.8K – $1.17M
NOI $69,904 @ 7.0% cap · market cap 6.08%
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
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 Office 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 - Heavy Commercial-zoned facility combines office accommodations with warehouse and operational space for industrial and service uses.
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‑square‑foot facility on 1.902 acres; Heavy Commercial zoning by the City of Burnet; Dock‑height receiving and loading area
