Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Buildings on One Lot Title is generated by Realmo AI

    1207 Northeast Loop 230, Smithville, TX 78957

    View on Map
    Claim this Listing
    For Sale
    $198,500

    Two buildings offer commercial or residential potential.

    Type:Commercial Sale / Mixed Use
    Property size:
    1,115 SF
    Price / SF:
    $178/SF
    Added:
    Jun 6, 2023
    Days on Market:
    1095
    Last Refresh:
    Mar 13 at 1:20 pm

    Property Features for 1207 Northeast Loop 230

    General Information

    Standard status
    Active
    Size
    1,115 SF
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Lori Haring
    Lori Haring

    Listing agent Lori Haring License #0612961

    Listing office Lori Haring Realty

    Listing date Jun 6, 2023

    Source Compass

    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 Lori Haring Realty

    HighLights

    • Two separate buildings on one lot provide versatile use for commercial or residential purposes.
    • Total of 1,115 sq ft of combined space offers ample room for customization.
    • Ideal for investors seeking rental income potential.
    • Suitable for business owners looking to establish a commercial space.
    • Presents an opportunity to create a unique living space.
    • Built in 1997.

    Overview

    This property features two buildings on a single lot, presenting versatile potential for commercial or residential use. The first building provides 500 square feet of space, while the second building offers 615 square feet, totaling 1115 square feet across both structures. The property is suited for investors or those with a vision for customization, offering opportunities to personalize the spaces to specific needs. The buildings are ideal for establishing a business, generating rental income, or creating a unique living space.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Smithville
    County
    Bastrop
    State
    Texas
    Longitude
    -97.1144329
    Latitude
    29.9896889

    Nearby Similar for Sale

    • $625,000
      10,510 SF

      Smithville Commercial Redevelopment Opportunity

      Redevelopment opportunity in Smithville's Central Business District.
      202 NE 2nd Street, Smithville, TX 78957
      View Details
    • $400,000
      10,800 SF

      Historic Pines Hotel in Smithville

      Historic 10,800 SF Pines Hotel in Smithville, Texas for sale.
      111 NE 2nd Street, Smithville, TX 78957
      View Details
    • $400,000
      1,968 SF

      Historic Cafe in Smithville, TX

      Historic cafe in Smithville's Commercial Historic District, zoned CBD.
      109 NE 2nd Street, Smithville, TX 78957
      View Details
    • $400,000
      2,525 SF

      Smithville Commercial Property on Main

      Restaurant/bar opportunity in Smithville's Central Business District.
      303 Main Street, Smithville, TX 78957
      View Details
    • $400,000
      10,800 SF

      Historic Pines Hotel Development Opportunity

      Historic hotel in Commercial District with development potential.
      111 NE 2nd St, Smithville, TX 78957
      View Details
    • $495,000
      2,538 SF

      Mixed-Use Building on Main Street

      Office spaces and apartment in a prime location.
      312 Main Street, Smithville, TX 78957
      View Details
    • $400,000

      Historic Cafe in Commercial District

      Single-story cafe in historic district, previously Honey's Diner.
      109 NE 2nd St, Smithville, TX 78957
      View Details
    • $850,000

      Entitled RV Park Development Opportunity

      12+ acre RV park development opportunity in Smithville, Texas.
      878 Highway 71 W, Smithville, TX 78957
      View Details
    • $400,000
      2,525 SF

      Restaurant/Bar Opportunity on Main St

      Restaurant/bar space for sale in Smithville's Central Business District.
      303 Main St, Smithville, TX 78957
      View Details
    • $495,000

      Mixed-Use Property on Main Street

      Mixed-use building with office spaces and apartment in prime location.
      312 Main St, Smithville, TX 78957
      View Details
    • $469,000

      Smithville Land with Utilities

      25+ acre property with electric, septic, and ag exemption.
      4638 Red Hollow Lane, Smithville, TX 78957
      View Details
    • $1,160,000

      Historic Landmark in Smithville, Texas

      Charming 1904 building with income potential in a prime location.
      301 Main St, Smithville, TX 78957
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two buildings offer commercial or residential potential.
    Where is this mixed-use property located?
    The property is located at 1207 Northeast Loop 230 Smithville, TX.
    What is the asking price?
    The asking price for this property is $198,500.
    What are key features of this property?
    This property features: Two separate buildings on one lot provide versatile use for commercial or residential purposes.; Total of 1,115 sq ft of combined space offers ample room for customization.; Ideal for investors seeking rental income potential.
    (512) 844-6535
    We can help!
    Listing Contact
    Lori Haring
    Lori Haring
    Real Estate License ID: 0612961
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1207 Northeast Loop 230, Smithville, TX 78957
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!