Commercial Property in Lometa,
For Sale
$250,000
3 St S 5, Lometa, TX 76853
Former paint and body shop on 0.718 acres.
Property Size3,023 SF
Lot Size0.72 Acres
Days on Market274
Property Features for 3 St S 5
General Information
Standard status
Active
Size
3,023 SF
Lot size
0.72 Acres
Property subtype
Commercial
Building Details
Building Size
3,023 SF
Year Built
1970
Stories
1
Units
3
Listing Agency:
Always Here Properties, LLC
(254) 768-0047
Listed By:
Tanya Thompson · License #0778916
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 25
Last Checked: Aug 29 at 11:24AM
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 Always Here Properties, LLC
Investment Insights
Based on property information with market context.
Located off Hwy 183 in Lometa, TX, this commercial property includes two shop buildings. One building features a 1,250 sq. ft. concrete slab floor, while the other has a 1,500 sq. ft. dirt floor. Additionally, the property includes two carports totaling 440 sq. ft. for storage or parking. Situated on 0.718 acres, the property is approximately 16 miles from Lampasas and 20 miles from Goldthwaite. This former paint and body shop offers visibility and access for business opportunities. The property is being sold as-is.
Key Highlights
- Prime commercial location directly off Hwy 183 in Lometa, TX.
- Two shop buildings: one with 1,250 sq. ft. concrete slab floor, the other with 1,500 sq. ft. dirt floor.
- Property size: 0.718 acres.
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
$19,096
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
7.64%
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%
$381,920
$381.9K
Cap Rate 7%
$272,800
$272.8K
Cap Rate 9%
$212,178
$212.2K
Market Conditions
NOI Build-Up for 3,023 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
$29.0K $9.60/SF
− Vacancy
−$1.7K −$0.58/SF
EGI
$27.3K $9.02/SF
− OpEx
−$8.2K −$2.71/SF
NOI
$19.1K $6.32/SF
Area
Lampasas County, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$381,920
Cap Rate 7%
$272,800
Cap Rate 9%
$212,178
Alternative Uses
Best Use
Retail
$513.7K
$449.5K – $599.3K
NOI $35,957 @ 7.0% cap · market cap 14.38%
Second Best
Industrial
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$726.1K
$635.3K – $847.1K
NOI $50,827 @ 7.0% cap · market cap 20.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76853, TX
1,543
Population
774
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
85%
High-School Grad
282.4 sq mi
ZIP Area
5
Density / Sq Mi
$64,750
Median Household Income
$36,712
Median Earnings
$663
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Former paint and body shop on 0.718 acres.
Where is this auto shop located?
The property is located at 3 St S 5 Lometa, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime commercial location directly off Hwy 183 in Lometa, TX.; Two shop buildings: one with **1,250 sq. ft. concrete slab floor**, the other with 1,500 sq. ft. dirt floor.; Property size: 0.718 acres.
