Light Industrial
New
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 Market3
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
Source:
Allcentraltxhomesforsale
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 6:39PM
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
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 = 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
$236,302
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
7.56%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial 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?
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
