Mixed-Use Building with Open
For Sale
Contact for pricing
106 Conference Drive, Bastrop, TX 78602
A combination of office areas and a substantial open interior supports a range of commercial configurations.
Property Size4,190 SF
Price / SF$2.03
Days on Market33
Property Features for 106 Conference Drive
General Information
Standard status
Active
Size
4,190 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1984
Listing Agency:
Keller Williams Realty
(512) 678-1100
Listed By:
Kevin White · License #0483240
(512) 563-1167
Source:
Hoydenhomes
Added: Sep 28
Changed: Oct 28
Last Checked: Oct 28 at 6:57AM
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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Investment Insights
Based on property information with market context.
This 4,190-square-foot mixed-use property, built in 1984, combines office areas with a large open interior. Its configuration brings enclosed work areas and flexible open space together within one building.
The property is at 106 Conference Drive in Bastrop, at the intersection of Hwy 71 and the entrance to Tahitian Village.
The property is at 106 Conference Drive in Bastrop, at the intersection of Hwy 71 and the entrance to Tahitian Village.
Key Highlights
- 4,190 square feet of building area
- Combination of office areas and large open space
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,135
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,700
$1.4M
Cap Rate 7%
$987,643
$987.6K
Cap Rate 9%
$768,167
$768.2K
Market Conditions
NOI Build-Up for 4,190 SF
Gross rent
$125.7K $30.00/SF
− Vacancy
−$15.1K −$3.60/SF
EGI
$110.6K $26.40/SF
− OpEx
−$41.5K −$9.90/SF
NOI
$69.1K $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%
$1,382,700
Cap Rate 7%
$987,643
Cap Rate 9%
$768,167
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $99,913 @ 7.0% cap · market cap 1,175.45%
Second Best
Mixed Use
$987.6K
$864.2K – $1.15M
NOI $69,135 @ 7.0% cap · market cap 813.35%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,934 @ 7.0% cap · market cap 1,352.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A combination of office areas and a substantial open interior supports a range of commercial configurations.
Where is this mixed-use property located?
The property is located at 106 Conference Drive Bastrop, TX.
What are key features of this property?
This property features: 4,190 square feet of building area; Combination of office areas and large open space; Built in 1984
