Renovated Live-Work
For Sale
$300,000
107 Russell St, Liberty Hill, TX 78642
Two-bedroom property with flexible residential or C-2 commercial zoning near downtown Liberty Hill.
Property Size1,004 SF
Price / SF$298.80
Days on Market13
Property Features for 107 Russell St
General Information
Standard status
Active
Size
1,004 SF
Property subtype
Office
Zoning
C-2
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,955
Amenities
Central Air
3
4 Parking Spaces. Driveway.
Building Details
Year Built
1956
Listing Agency:
Mallach and Company
(817) 706-4639
Listed By:
Holly Loff · License #0773445
(817) 706-4639
Source:
Xome
Added: Aug 10
Changed: Aug 21
Last Checked: Aug 22 at 4:34AM
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 Mallach and Company
Investment Insights
Based on property information with market context.
Built in 1956 and measuring 1,004 square feet, this two-bedroom, two-bath property combines residential character with updated building systems. The renovation included the roof, siding, windows, plumbing, electrical, HVAC and ductwork, water heater, cabinetry, quartz countertops, bathrooms, appliances, and a new laundry room with pantry. Original hardwood flooring remains, while spray foam and blown attic insulation were added. A driveway provides four parking spaces.
Located at 107 Russell St near downtown Liberty Hill, the property is close to restaurants, coffee shops, boutiques, professional services, H-E-B, and Liberty Hill ISD schools. It is also positioned near the SH 29 and US 183 corridors. Residential and C-2 commercial zoning allow flexible occupancy and business use, subject to City of Liberty Hill permitted uses.
Located at 107 Russell St near downtown Liberty Hill, the property is close to restaurants, coffee shops, boutiques, professional services, H-E-B, and Liberty Hill ISD schools. It is also positioned near the SH 29 and US 183 corridors. Residential and C-2 commercial zoning allow flexible occupancy and business use, subject to City of Liberty Hill permitted uses.
Key Highlights
- 1,004‑square‑foot property built in 1956
- Two bedrooms and two bathrooms
- Residential or C‑2 commercial zoning
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
$23,941
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
7.98%
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%
$478,820
$478.8K
Cap Rate 7%
$342,014
$342.0K
Cap Rate 9%
$266,011
$266.0K
Market Conditions
NOI Build-Up for 1,004 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
$42.2K $42.00/SF
− Vacancy
−$10.2K −$10.21/SF
EGI
$31.9K $31.79/SF
− OpEx
−$8.0K −$7.95/SF
NOI
$23.9K $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 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%
$478,820
Cap Rate 7%
$342,014
Cap Rate 9%
$266,011
Alternative Uses
Best Use
Office B
$342.0K
$299.3K – $399.0K
NOI $23,941 @ 7.0% cap · market cap 7.98%
Second Best
Mixed Use
$193.6K
$169.4K – $225.9K
NOI $13,554 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
445
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Two-bedroom property with flexible residential or C-2 commercial zoning near downtown Liberty Hill.
Where is this live-work space located?
The property is located at 107 Russell St Liberty Hill, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,004‑square‑foot property built in 1956; Two bedrooms and two bathrooms; Residential or C‑2 commercial zoning
