Mixed-Use Property with Highway
1057 Highway 71 W, Bastrop, TX 78602
For Sale
New
$3,500,000
Multiple buildings combine office, warehouse, workshop, and residential space on a multi-acre parcel.
Property Size9,632 SF
Lot Size3.50 Acres
Days on Market4
Property Features for 1057 Highway 71 W
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Kevin White · License TX #0483240
(512) 563-1167
Source:
Localcolorrealestateaustin
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 2:17PM
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property comprises 3.5 acres and multiple buildings with office, warehouse, workshop, and living areas. The buildings were constructed in 2008, providing a range of spaces within one property.
Highway frontage is a defining site feature. The property is located at 1057 Highway 71 W in Bastrop, Texas.
Highway frontage is a defining site feature. The property is located at 1057 Highway 71 W in Bastrop, Texas.
Key Highlights
- 3.5‑acre property with Highway 71 frontage
- Multiple buildings with office, warehouse, workshop, and living areas
- Year built: 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,928
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,178,560
$3.2M
Cap Rate 7%
$2,270,400
$2.3M
Cap Rate 9%
$1,765,867
$1.8M
Market Conditions
NOI Build-Up for 9,632 SF
Gross rent
$289.0K $30.00/SF
− Vacancy
−$34.7K −$3.60/SF
EGI
$254.3K $26.40/SF
− OpEx
−$95.4K −$9.90/SF
NOI
$158.9K $16.50/SF
Area
Bastrop County, TX
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,178,560
Cap Rate 7%
$2,270,400
Cap Rate 9%
$1,765,867
Alternative Uses
Best Use
Mixed Use
$2.27M
$1.99M – $2.65M
NOI $158,928 @ 7.0% cap · market cap 4.54%
Second Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $96,973 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,212 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 78602, TX
33,759
Population
13,485
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
87%
High-School Grad
195.3 sq mi
ZIP Area
173
Density / Sq Mi
$86,976
Median Household Income
$41,644
Median Earnings
$1,331
Median Rent
$310,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Bastrop County, TX
Properties on Market for Mixed-use properties in Bastrop County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple buildings combine office, warehouse, workshop, and residential space on a multi-acre parcel.
Where is this mixed-use property located?
The property is located at 1057 Highway 71 W Bastrop, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 3.5‑acre property with Highway 71 frontage; Multiple buildings with office, warehouse, workshop, and living areas; Year built: 2008
