Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 East St Hutto, TX 78634

    Sponsored
    For Sale
    $2,100,000

    Prime Downtown Location, High Growth Area

    Property size:
    6,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    357
    This exceptional mixed-use property, situated at the corner of East and Farley Streets in historic downtown Hutto, Texas, presents a unique investment opportunity. Built in 1890, this 6,000 square foot building boasts a rich history, having served as the original Ed Schmidt Grocery store and later featured on HGTV. Currently configured for retail and restaurant/bar use, the property offers a blend of established income and significant development potential. Approximately 3,000 square feet are currently leased, generating rental income, while an additional 3,000 square feet are available for lease or redevelopment. The property's strategic location is at the heart of Hutto's revitalization, positioned at the intersection of the developing COOP district and the forthcoming Cottonwood Properties. The building is equipped with a full fire suppression system and a recently replaced roof (July). A grease trap, suitable for expansion, is already in place in the downstairs Frostie's location, and the building is prepped for the addition of an exhaust vent. The 0.09-acre lot provides ample space for future development plans. Showings are by appointment only to avoid disturbing tenants. This is a rare chance to own a piece of Hutto's heritage and capitalize on its exciting future growth.

    Property Features for 117 East St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,000 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1890

    We can help!

    Listing Contact
    Kelli McLaughlin

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hutto
    County
    Williamson
    State
    Texas
    Longitude
    -97.54752
    Latitude
    30.54381

    Nearby Similar for Sale

    • $385,000

      Well-Maintained Duplex in Growing Area

      Duplex with strong rental potential near dining, shopping, and major employers.
      203 Axis Deer Trl, Hutto, TX 78634
      View Details
    • $2,200,000
      640 SF

      23 Acre Investment Property

      23 acres with rental income near Cottonwood and Brushy Creeks.
      11910 Fm 1660, Hutto, TX 78634
      View Details
    • $435,500

      Hutto Commercial Property For Sale

      1,170 SF Hutto property ideal for office or retail.
      205 S Fm 1660 S, Hutto, TX 78634
      View Details
    • $3,792,000
      2,479 SF

      New Panera Bread with Drive-Thru

      New construction Panera Bread with drive-thru in Hutto, TX.
      320 Ed Schmidt Blvd, Hutto, TX 78634
      View Details
    • Contact for pricing
      102,060 SF

      Hutto Class A Industrial Building

      Class A industrial building in Hutto, Texas, near SH-130.
      Innovation Blvd & Limmer Loop, Hutto, TX
      View Details
    • Contact for pricing
      10,400 SF

      Flex Space/Industrial Property in Hutto

      Flex space/industrial property located between Round Rock and Hutto.
      239 Investment Loop, Hutto, TX 78634
      View Details
    • $575,000

      Unrestricted Property in Upcoming Corridor

      Unrestricted property with commercial potential in an upcoming corridor.
      1629 County Road 107, Hutto, TX 78634
      View Details
    • $5,480,000
      18,260 SF

      Former Church Building For Sale

      Former church with auditoriums, classrooms, and ample parking.
      747 County Road 138, Hutto, TX 78634
      View Details
    • $1,950,000

      Office Building in Great Location

      Well-maintained property suitable for office use with great views.
      1400 N Fm 1660, Hutto, TX 78634
      View Details
    • $5,580,000

      Hutto Specialty Property for Sale

      Specialty property available in Hutto, Texas.
      99 Mager Ln, Hutto, TX 78634
      View Details
    • $262,000
      0.18 Acres

      Hutto Commercial Lot - Old Town

      Prime .18-acre commercial lot in Hutto's Old Town. High development potential.
      202 Main St, Hutto, TX 78634
      View Details
    • $6,000,000
      10.16 Acres

      Hutto, TX Commercial Land Opportunity

      10 Acres, Multifamily Potential, High Demand
      610 Limmer Loop, Hutto, TX 78634
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Downtown Location, High Growth Area
    Where is this mixed-use property located?
    The property is located at 117 East St Hutto, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    (512) 695-6588
    Request Owner's contact information
    117 East St Hutto, TX 78634
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 East St
    Hutto, TX 78634
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 East St Hutto, TX 78634
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kelli McLaughlin
    (512) 695-6588
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.