Office Property with Detached
For Sale
$1,399,000
102 Independence Dr, Liberty Hill, TX 78642
C-3 zoning allows a range of commercial uses, subject to applicable development requirements and approvals.
Property Size3,415 SF
Lot Size2.65 Acres
Days on Market9
Property Features for 102 Independence Dr
General Information
Standard status
Active
Size
3,415 SF
Lot size
2.65 Acres
Property subtype
Commercial
Zoning
C3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$24,915
Building Details
Building Size
3,415 SF
Year Built
1985
Listing Agency:
Teifke Real Estate
Listed By:
Leo Duarte
(512) 228-0415
Source:
Elliman
Added: Sep 29
Last Checked: Oct 5 at 7:37PM
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 Teifke Real Estate
Investment Insights
Based on property information with market context.
This 2.65-acre property includes a main building currently used for offices, with multiple offices, meeting and flexible work areas, and a kitchen. Additional improvements include a 294-square-foot studio and a detached 1,036-square-foot garage and workshop. A greenhouse, a separate hot tub structure, and several outdoor areas are also on the site. Mature oak clusters are present across the property.
The property is one lot from Hwy 29 in Liberty Hill. C-3 zoning supports a range of potential uses, subject to development requirements and approvals. The site is described as subdividable, offering the option to divide the land, subject to applicable requirements.
The property is one lot from Hwy 29 in Liberty Hill. C-3 zoning supports a range of potential uses, subject to development requirements and approvals. The site is described as subdividable, offering the option to divide the land, subject to applicable requirements.
Key Highlights
- 2.65‑acre property with C‑3 zoning
- Main building currently used as office space
- Separate 294‑square‑foot studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,432
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,640
$1.6M
Cap Rate 7%
$1,163,314
$1.2M
Cap Rate 9%
$904,800
$904.8K
Market Conditions
NOI Build-Up for 3,415 SF
Gross rent
$143.4K $42.00/SF
− Vacancy
−$34.9K −$10.21/SF
EGI
$108.6K $31.79/SF
− OpEx
−$27.1K −$7.95/SF
NOI
$81.4K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,640
Cap Rate 7%
$1,163,314
Cap Rate 9%
$904,800
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,432 @ 7.0% cap · market cap 5.82%
Second Best
Mixed Use
$658.6K
$576.3K – $768.4K
NOI $46,103 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,929 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 78642, TX
20,385
Population
8,399
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
111.1 sq mi
ZIP Area
183
Density / Sq Mi
$128,086
Median Household Income
$58,118
Median Earnings
$1,475
Median Rent
$486,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Office building - C-3 zoning allows a range of commercial uses, subject to applicable development requirements and approvals.
Where is this office building located?
The property is located at 102 Independence Dr Liberty Hill, TX.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 2.65‑acre property with C‑3 zoning; Main building currently used as office space; Separate 294‑square‑foot studio
