Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2202 N Us Hwy 281 Hwy N Marble Falls, TX 78654

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $975,000

    Multi-use property with office space and high traffic visibility.

    Lot size:
    0.47 Acres

    Property Features for 2202 N Us Hwy 281 Hwy N

    General Information

    Lot size
    0.47 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Donna Green
    Source: Elliman

    Listing Agent: Donna Green

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Former Gas Station Converted to Office

    This multi-use property, formerly a gas station and convenience store, has been converted into office space. The tanks, pumps, and awning have been removed. The property features a large, open lobby in the front and a large, open office area in the back, encompassing 2202 square feet, along with several mid-sized offices. The 2202 section includes two half bathrooms. The 2204 section contains two offices and a half bathroom. There is ample parking available in both the front and back, with a portion of the back parking currently leased. The property benefits from good visibility from US 281, offering easy access and high traffic count.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Marble Falls
    County
    Llano
    State
    Texas
    Longitude
    -98.2219
    Latitude
    30.5925

    Nearby Similar for Sale

    • $399,000
      1,214 SF

      Restored Cottage Near Main Street

      Charming, remodeled cottage in downtown Marble Falls, zoned for residential/commercial.
      700 5 St, Marble Falls, TX 78654
      View Details
    • $3,600,000
      2,980 SF

      126 Acre Hill Country Ranch

      126 acre ranch near Marble Falls with custom stone home.
      2607 Crider Rd, Marble Falls, TX 78654
      View Details
    • $2,150,000
      3,275 SF

      Highway Frontage Commercial Property

      Multi-use commercial property with highway frontage and development potential.
      5526 N Hwy 281 U.S, Marble Falls, TX 78654
      View Details
    • $339,000
      Pending

      Marble Falls Commercial Opportunity

      Commercial property in Marble Falls, Texas, near local amenities.
      607 5 St, Marble Falls, TX 78654
      View Details
    • $1,000,000
      4,252 SF

      New Duplexes in Marble Falls

      New construction duplexes near downtown Marble Falls, ideal for investors.
      1207-1209 2 St, Marble Falls, TX 78654
      View Details
    • $1,025,000
      3.50 Acres

      Marble Falls Barndominium with Shop

      Barndominium on 3.5 acres with shop, pool, and spa.
      408 Cr 144, Marble Falls, TX 78654
      View Details
    • $950,000
      40.85 Acres

      Unrestricted Land Near Marble Falls

      40.85 acres of unrestricted land, 6 miles from Marble Falls.
      Tbd Cr 402, Marble Falls, TX 78654
      View Details
    • Contact for pricing
      962 SF

      Marble Falls Two-Bedroom Apartment

      Spacious, updated two-bedroom apartment near Office Depot and Home Depot.
      1600 Stony Rdg Ct, Marble Falls, TX 78654
      View Details
    • Contact for pricing
      1,127 SF

      Marble Falls Duplex with Garage

      Single-story duplex with fenced yard and single car garage.
      708 B Claremont, Marble Falls, TX 78654
      View Details
    • Contact for pricing
      962 SF

      Spacious Apartment Near Retail Centers

      Two-bedroom apartment with updated features, conveniently located near shopping.
      1600 Stony Rdg #10 Dr, Marble Falls, TX 78654
      View Details
    • $695,000
      0.14 Acres

      Waterfront Lot on Lake LBJ

      0.14-acre waterfront lot with utilities in place.
      Pointview Dr, Marble Falls, TX 78654
      View Details
    • Contact for pricing
      812 SF

      Marble Falls Duplex Near Park

      Two-bedroom, one-bath duplex in Marble Falls near city park.
      403 B Ave S, Marble Falls, TX 78654
      View Details

    FAQs

    What type of property is this?
    Gas station - Multi-use property with office space and high traffic visibility.
    Where is this gas station located?
    The property is located at 2202 N Us Hwy 281 Hwy N Marble Falls, TX.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - High visibility from US 281 and easy access.; - High traffic count location.; - **Large open lobby and office area (2202 sq ft).**
    (830) 265-0113
    Request Owner's contact information
    2202 N Us Hwy 281 Hwy N Marble Falls, TX 78654
    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.
    2202 N Us Hwy 281 Hwy N
    Marble Falls, TX 78654
    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
    2202 N Us Hwy 281 Hwy N Marble Falls, TX 78654
    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

    We can help!
    Listing Contact
    Donna Green
    Real Estate License ID: 0222349
    (830) 265-0113
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.