Office Building with Full
For Sale
$520,000
1024 S Guadalupe St, Lockhart, TX 78644
Three-room commercial building with restrooms, on-site parking, and access to FM 20 and Highway 183.
Property Size1,524 SF
Lot Size0.23 Acres
Price / SF$341.21
Days on Market136
Property Features for 1024 S Guadalupe St
General Information
Standard status
Active
Size
1,524 SF
Total Parking Spaces
9
Lot size
0.23 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,756
Amenities
full kitchen area
Building Details
Building Size
1,524 SF
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
Link Realty, LLC
(512) 376-9903
Listed By:
Anna Lowe · License #0720156
Source:
Loessinproperties
Added: Apr 8
Changed: Aug 16
Last Checked: Aug 20 at 1:33PM
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 Link Realty, LLC
Investment Insights
Based on property information with market context.
Located at 1024 S Guadalupe St in Lockhart, this 1,524-square-foot office building provides three separate rooms, two restrooms, and a full kitchen area. The 2006 construction sits on a 0.23-acre parcel and includes nine dedicated parking spaces, giving the property a practical setup for office or service-oriented occupancy.
The building is situated within a walkable residential area near quick-service restaurants and local schools. Access to FM 20 and Highway 183 connects the site with surrounding markets. Its prior daycare operation and existing configuration support consideration for professional services, childcare, medical use, or a boutique office concept, subject to applicable requirements.
The building is situated within a walkable residential area near quick-service restaurants and local schools. Access to FM 20 and Highway 183 connects the site with surrounding markets. Its prior daycare operation and existing configuration support consideration for professional services, childcare, medical use, or a boutique office concept, subject to applicable requirements.
Key Highlights
- 1,524 SF office building constructed in 2006
- Three rooms, two restrooms, and a full kitchen area
- 0.23‑acre lot with nine dedicated on‑site parking spaces
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
$36,341
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
6.99%
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%
$726,820
$726.8K
Cap Rate 7%
$519,157
$519.2K
Cap Rate 9%
$403,789
$403.8K
Market Conditions
NOI Build-Up for 1,524 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
$64.0K $42.00/SF
− Vacancy
−$15.6K −$10.21/SF
EGI
$48.5K $31.79/SF
− OpEx
−$12.1K −$7.95/SF
NOI
$36.3K $23.85/SF
Area
Caldwell 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 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%
$726,820
Cap Rate 7%
$519,157
Cap Rate 9%
$403,789
Alternative Uses
Best Use
Office B
$519.2K
$454.3K – $605.7K
NOI $36,341 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.1K
$557.4K – $743.3K
NOI $44,595 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 78644, TX
20,813
Population
7,660
Households
2.7
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
179.9 sq mi
ZIP Area
116
Density / Sq Mi
$72,155
Median Household Income
$40,085
Median Earnings
$1,162
Median Rent
$242,900
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?
Office building - Three-room commercial building with restrooms, on-site parking, and access to FM 20 and Highway 183.
Where is this office building located?
The property is located at 1024 S Guadalupe St Lockhart, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1,524 SF office building constructed in 2006; Three rooms, two restrooms, and a full kitchen area; 0.23‑acre lot with nine dedicated on‑site parking spaces
