Historic Mixed-Use
For Sale
$1,100,000
111 East St, Hutto, TX 78634
Currently operating as an event space within Hutto’s OT-4H zoning district.
Property Size3,000 SF
Price / SF$366.67
Days on Market226
Property Features for 111 East St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Zoning
OT-4H
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,955
Building Details
Building Size
3,000 SF
Year Built
1898
Buildings
1
Listing Agency:
Christies Intl Real Estate Lone Star
(512) 270-8586
Listed By:
Kelli McLaughlin · License #0658823
Source:
Loessinproperties
Added: Jan 8
Changed: Aug 21
Last Checked: Aug 21 at 2:20PM
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 Christies Intl Real Estate Lone Star
Investment Insights
Based on property information with market context.
111 East St in Hutto is a mixed-use commercial property built in 1898 and currently operating as an event space. The existing operation provides a defined commercial use, while the business may also be acquired with the real estate. The property size is listed as 3,000.
Located in Hutto’s Old Town area, the property is zoned OT-4H, or Old Town–Historic Transition. Potential applications identified for the district include event or community space, professional or medical office, retail, restaurant or café, creative studio, personal services, live-work configurations, and limited residential or mixed-use components, subject to confirmation with the City of Hutto. The site is near the Co-Op District and downtown restaurants, breweries, entertainment venues, and specialty retail. US-79 and SH-130 provide access to the greater Austin metro.
Located in Hutto’s Old Town area, the property is zoned OT-4H, or Old Town–Historic Transition. Potential applications identified for the district include event or community space, professional or medical office, retail, restaurant or café, creative studio, personal services, live-work configurations, and limited residential or mixed-use components, subject to confirmation with the City of Hutto. The site is near the Co-Op District and downtown restaurants, breweries, entertainment venues, and specialty retail. US-79 and SH-130 provide access to the greater Austin metro.
Key Highlights
- Built in 1898
- Currently operating as an event space
- OT‑4H Old Town–Historic Transition 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
$71,537
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
6.50%
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%
$1,430,740
$1.4M
Cap Rate 7%
$1,021,957
$1.0M
Cap Rate 9%
$794,856
$794.9K
Market Conditions
NOI Build-Up for 3,000 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
$126.0K $42.00/SF
− Vacancy
−$30.6K −$10.21/SF
EGI
$95.4K $31.79/SF
− OpEx
−$23.8K −$7.95/SF
NOI
$71.5K $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%
$1,430,740
Cap Rate 7%
$1,021,957
Cap Rate 9%
$794,856
Alternative Uses
Best Use
Office B
$1.02M
$894.2K – $1.19M
NOI $71,537 @ 7.0% cap · market cap 6.50%
Second Best
Mixed Use
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,785 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 78634, TX
37,951
Population
15,322
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
56.4 sq mi
ZIP Area
673
Density / Sq Mi
$111,227
Median Household Income
$52,649
Median Earnings
$2,024
Median Rent
$334,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Currently operating as an event space within Hutto’s OT-4H zoning district.
Where is this mixed-use property located?
The property is located at 111 East St Hutto, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Built in 1898; Currently operating as an event space; OT‑4H Old Town–Historic Transition zoning
