Light Industrial
For Sale
$3,125,000
112 E Mlk Jr Industrial Blvd, Lockhart, TX 78644
Light Industrial zoning with an existing lease extending through December 30, 2026.
Property Size23,471 SF
Price / SF$133.14
Days on Market80
Property Features for 112 E Mlk Jr Industrial Blvd
General Information
Standard status
Active
Size
23,471 SF
Property subtype
Commercial
Zoning
Light Industrial
Building Details
Year Built
2007
Year Renovated
2017
Listing Agency:
Compass RE Texas, LLC
Listed By:
Troy Braswell (512) 568-6227 · License #0744873
(512) 568-6227
Source:
Seeaustinareahouses
Added: Aug 2
Changed: Oct 1
Last Checked: Oct 19 at 6:51AM
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 Compass RE Texas, LLC
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Investment Insights
Based on property information with market context.
This industrial property offers 23,471 square feet within a building constructed in 2007. Improvements were completed in 2017, and the property carries Light Industrial zoning.
The asset is located at 112 E Mlk Jr Industrial Blvd in Lockhart, Texas. An existing lease remains in place through December 30, 2026, providing a defined lease term for the purchaser.
The asset is located at 112 E Mlk Jr Industrial Blvd in Lockhart, Texas. An existing lease remains in place through December 30, 2026, providing a defined lease term for the purchaser.
Key Highlights
- 23,471‑square‑foot industrial property
- Constructed in 2007
- Upgrades completed in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,302
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,726,040
$4.7M
Cap Rate 7%
$3,375,743
$3.4M
Cap Rate 9%
$2,625,578
$2.6M
Market Conditions
NOI Build-Up for 23,471 SF
Gross rent
$349.2K $14.88/SF
− Vacancy
−$71.2K −$3.04/SF
EGI
$278.0K $11.84/SF
− OpEx
−$41.7K −$1.78/SF
NOI
$236.3K $10.07/SF
Area
Caldwell County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,726,040
Cap Rate 7%
$3,375,743
Cap Rate 9%
$2,625,578
Alternative Uses
Best Use
Warehouse
$3.38M
$2.95M – $3.94M
NOI $236,302 @ 7.0% cap · market cap 7.56%
Second Best
Industrial
$3.00M
$2.63M – $3.50M
NOI $210,003 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$9.81M
$8.59M – $11.45M
NOI $686,803 @ 7.0% cap · market cap 21.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 78644, TX
20,813
Population
7,660
Households
2.7
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
179.9 sq mi
ZIP Area
116
Density / Sq Mi
$72,155
Median Household Income
$40,085
Median Earnings
$1,162
Median Rent
$242,900
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Light Industrial zoning with an existing lease extending through December 30, 2026.
Where is this industrial property located?
The property is located at 112 E Mlk Jr Industrial Blvd Lockhart, TX.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: 23,471‑square‑foot industrial property; Constructed in 2007; Upgrades completed in 2017
