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    113 Bufkin Ln Lockhart, TX 78644

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    Commercial building with warehouse, office, and dock high bays.

    Type:Office, Industrial, Special Purpose
    Property size:
    4,320 SF
    Lot size:
    0.61 Acres
    Added:
    Jun 15, 2023
    Days on Market:
    1022
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 113 Bufkin Ln

    General Information

    Standard status
    Active
    Size
    4,320 SF
    Lot size
    0.61 Acres
    Property subtype
    Office, Industrial, Special Purpose

    Building Details

    Year Built
    2017

    Spaces For Lease

    at 113 Bufkin Ln Contact us

    $11 /Mo

    Size
    4,320 SF
    Type
    Office, Industrial, Special Purpose
    Contact us

    We can help!

    Listing Contact
    Patrick Davis
    Patrick Davis

    Listing agent Patrick Davis License #500406

    Listing office Link Realty, LLC

    Listing date Jun 15, 2023

    Source Crexi

    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 Link Realty, LLC

    Overview

    Lockhart Warehouse Distribution Center

    This commercial building, situated in the heart of Lockhart, offers a warehouse and distribution center encompassing 4,320 square feet. The metal insulated structure is suitable for various business operations and was most recently utilized in the wholesale food distribution industry. The property features office space, a breakroom/kitchenette, and warehouse space. It includes four dock-high bays, one with an automatic leveler and three with manual levelers. Underground utilities include single and three-phase electric power. The property has a concrete parking lot and a circle driveway with nine parking spaces. Situated on a 0.61-acre lot zoned Commercial Heavy Business (CHB), the location provides convenient access to Highway 183 and is located across the street from McCoy's Building Supply store. The property also offers easy access to the SH 130 toll road.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Barron's Wrecker Service / Johnny's Wrecker Service — 1400 S Commerce St, Lockhart, TX 78644
    • CubeSmart Self Storage — 1901 S Colorado St, Lockhart, TX 78644
    • Alliance Self Storage — 1901 S Colorado St, Lockhart, TX 78644

    Location Insight

    • Map
    • Local Demand
    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.666503
    Latitude
    29.866176

    FAQs

    What type of property is this?
    Warehouse - Commercial building with warehouse, office, and dock high bays.
    Where is this warehouse located?
    The property is located at 113 Bufkin Ln Lockhart, TX.
    What are key features of this property?
    This property features: Prime location in the heart of Lockhart, just off Hwy 183 and near SH 130 toll road.; 4,320 Sq Ft warehouse/distribution center with office space and breakroom/kitchenette.; Features **four dock‑high bays**, one automatic, three manual.
    (512) 461-7035
    We can help!
    Listing Contact
    Patrick Davis
    Patrick Davis
    Real Estate License ID: 500406
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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