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    Versatile Insulated Metal Warehouse Title is generated by Realmo AI

    1208 E Hwy 29, Llano, TX 78643

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    Claim this Listing
    For Sale
    $1,500,000

    COMMERCIAL - Llano, TX

    Property size:
    14,374 SF
    Lot size:
    1.32 Acres
    Price / SF:
    $104/SF
    Added:
    Oct 28, 2025
    Days on Market:
    199
    Last Refresh:
    May 14 at 7:06 am

    Property Features for 1208 E Hwy 29

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    027156
    Size
    14,374 SF
    Lot size
    1.32 Acres

    Taxes and HOA fees

    Tax Description
    T F Corry Abst #130 1.319 acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)

    Building Details

    Year built
    1960
    Flooring type
    Concrete
    Building materials
    Steel Frame

    We can help!

    Listing Contact
    Stanley Miller
    Stanley Miller

    Listing agent Stanley Miller License #0322406

    Listing office Jesse James Real Estate 500 W Young, Llano, TX

    Listing date Oct 28, 2025

    MLS# 175544

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large building with 14,374 sq ft and 18 ft height, suitable for various uses.
    • Metal frame construction with insulation; replacement cost estimated at $4 million.
    • Includes loading docks and 3 entrances (14 ft high).
    • Refrigerated space (3920 sq ft) previously used for cold storage.
    • Ample outdoor space: .69 acres fenced, plus additional space behind the building.
    • Car lift, shelving, car sheds, and some office furniture included.

    Overview

    This commercial property features a 14,374 sq ft insulated metal-framed building with an 18-foot ceiling height. The building includes three 14-foot high entrances, two of which are loading docks. The back portion of the building, encompassing 3,920 sq ft, was previously used for cold storage. The property includes a fenced area beside the building measuring 134.4 by 175 feet, totaling 0.69 acres, and an additional space behind the building that is 63 feet deep and 36 feet wide. A car lift and shelving are currently in place within the building. There are three 12-foot car sheds on the side of the building and two 9-foot car sheds in front. A 441 sq ft storage shed is located in the back corner. The office area consists of four rooms, including three offices and an entrance room, with total dimensions of 24 by 38 feet. Above the office space, there is a bedroom, bath, and storage room. The property is situated in Llano, TX, and the lot size is 1.32 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Llano
    County
    Llano
    State
    Texas
    Longitude
    -98.659608
    Latitude
    30.759622

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    FAQs

    What type of property is this?
    Warehouse - 14,374 sq ft insulated metal warehouse on 1.32 acres.
    Where is this warehouse located?
    The property is located at 1208 E Hwy 29 Llano, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Large building with 14,374 sq ft and 18 ft height, suitable for various uses.; Metal frame construction with insulation; replacement cost estimated at $4 million.; Includes loading docks and 3 entrances (14 ft high).
    (325) 247-6342
    We can help!
    Listing Contact
    Stanley Miller
    Stanley Miller
    Real Estate License ID: 0322406
    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.

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