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

    2309 W State Highway 29 Burnet, TX 78611

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $725,000

    Versatile 4,300+ sq ft building on two acres in Burnet.

    Lot size:
    2.00 Acres

    Property Features for 2309 W State Highway 29

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Sandy Greer
    Source: Exprealty

    Listing Agency: All City Real Estate Ltd. Co Listing Agent: Sandy Greer

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

    Learn more

    Overview

    Burnet Commercial Building on Highway

    Located in Burnet, Texas, the property at 2309 West Highway 29 is a commercial building with over 4,300 square feet of space on two acres. Previously used as a medical clinic, the property is suitable for professional or healthcare uses. The layout includes 4 private offices, 10 exam rooms, a lab room, and a dedicated X-ray room. There are also 3 restrooms and a spacious reception and waiting area. The building is situated on a large lot with mature oak trees. A new roof was installed in 2021. The property has ample parking space and high visibility along Highway 29.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Hair Salon Auto Repair Shop Gym & Fitness Auto Parts Store Department Store Kitchen & Bath Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnet
    County
    Burnet
    State
    Texas
    Longitude
    -98.25904
    Latitude
    30.760475

    Nearby Similar for Sale

    • New
      $1,800,000
      5,768 SF

      Remodeled Commercial Property in Burnet, TX

      Meticulously remodeled commercial property with 14 offices in Burnet, Texas.
      205 S Pierce St, Burnet, TX 78611
      View Details
    • $399,900
      1,025 SF

      Modern Getaway on 5 Acres

      New two-bedroom home on five unrestricted acres near Burnet.
      1918 County Rd, Burnet, TX 78611
      View Details
    • $1,100,000

      40 Acre Horse Property

      40 acre horse property in Sendera Ridge Development.
      Escalar Dr, Burnet, TX 78611
      View Details
    • $747,777

      Burnet Land with Equestrian Setup

      23 acres near Burnet, TX, with equestrian facilities.
      1032 County Road 340, Burnet, TX 78611
      View Details
    • $6,900,000

      Lake LBJ Resort Property

      Established resort on Lake LBJ with diverse lodging options.
      408 Clen Oak Pkwy, Burnet, TX 78611
      View Details
    • $1,000,000

      Remodeled Office Building with Warehouse

      Commercial property with remodeled office and insulated warehouse in Burnet.
      320 Southland Dr, Burnet, TX 78611
      View Details
    • $2,200,000

      Equestrian Property in Gated Community

      15-acre equestrian facility with multiple barns and residences.
      3307 Sunset Cliff Rd, Burnet, TX 78611
      View Details
    • $545,000

      Versatile Commercial Property on Highway

      Multi-use commercial property on 2 acres with highway frontage.
      4023 Hwy, Burnet, TX 78611
      View Details
    • $798,000

      Texas Hill Country Land

      40 acres in the Texas Hill Country near Burnet.
      4585 County Road 108, Burnet, TX 78611
      View Details
    • $110,000

      Bonanza Beach Corner Lot Salon

      Hair salon on corner lot with variance in Bonanza Beach.
      100 County Road 138, Burnet, TX 78611
      View Details
    • $2,350,000

      Burnet County Farmhouse Hill Estate

      86-acre modern farmhouse retreat in Burnet County, Texas.
      4237 County Road 330, Burnet, TX 78611
      View Details
    • $798,000

      Burnet Industrial Property for Sale

      Industrial property available for sale in Burnet, Texas.
      3401 S Water St, Burnet, TX 78611
      View Details

    FAQs

    What type of property is this?
    Medical office - Versatile 4,300+ sq ft building on two acres in Burnet.
    Where is this medical office located?
    The property is located at 2309 W State Highway 29 Burnet, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - High-visibility location on Highway 29 with strong drive-by traffic.; - Versatile 4,300+ sq ft commercial building suitable for various professional or healthcare uses.; - Expansive two-acre lot with mature oak trees, providing outdoor space.
    (830) 798-6556
    Request Owner's contact information
    2309 W State Highway 29 Burnet, TX 78611
    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.
    2309 W State Highway 29
    Burnet, TX 78611
    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
    2309 W State Highway 29 Burnet, TX 78611
    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
    Sandy Greer
    (830) 798-6556
    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.