Mixed-Use
For Sale
Contact for pricing
Pending
109 N Lutterloh Ave, Gatesville, TX 76528
The property is a mixed-use building constructed in 1935.
Property Size1,935 SF
Days on Market219
Property Features for 109 N Lutterloh Ave
General Information
Standard status
Pending
Size
1,935 SF
Property subtype
Mixed Use, Office
Building Details
Year Built
1935
Buildings
1
Stories
1
Listing Agency:
Dixon Realty Team
Listed By:
Jana Carpenter · License #TX 704283
(972) 712-9898
Source:
Crexi
Added: Mar 15
Changed: Oct 6
Last Checked: Oct 19 at 6:48AM
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 Dixon Realty Team
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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 contains 1,935 square feet and was constructed in 1935. The building is located at 109 N Lutterloh Ave in Gatesville, Texas.
The seller will consider a rental arrangement, carry a note for one year, or complete a sale, providing multiple transaction structures for review.
The seller will consider a rental arrangement, carry a note for one year, or complete a sale, providing multiple transaction structures for review.
Key Highlights
- 1,935‑square‑foot mixed‑use property
- Constructed in 1935
- Located at 109 N Lutterloh Ave, Gatesville, TX 76528
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,286
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,720
$365.7K
Cap Rate 7%
$261,229
$261.2K
Cap Rate 9%
$203,178
$203.2K
Market Conditions
NOI Build-Up for 1,935 SF
Gross rent
$32.5K $16.80/SF
− Vacancy
−$3.3K −$1.68/SF
EGI
$29.3K $15.12/SF
− OpEx
−$11.0K −$5.67/SF
NOI
$18.3K $9.45/SF
Area
Coryell County, TX
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,720
Cap Rate 7%
$261,229
Cap Rate 9%
$203,178
Alternative Uses
Best Use
Office B
$365.4K
$319.7K – $426.3K
NOI $25,579 @ 7.0% cap · market cap 10.23%
Second Best
Mixed Use
$261.2K
$228.6K – $304.8K
NOI $18,286 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$464.8K
$406.7K – $542.2K
NOI $32,534 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property is a mixed-use building constructed in 1935.
Where is this mixed-use property located?
The property is located at 109 N Lutterloh Ave Gatesville, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,935‑square‑foot mixed‑use property; Constructed in 1935; Located at 109 N Lutterloh Ave, Gatesville, TX 76528
