Income-Producing Property in Buda,
For Sale
$2,500,000
9231 Williamson Rd, Buda, TX 78610
Nearly 11 acres with immediate cash flow and long-term upside.
Property Size12,288 SF
Lot Size10.79 Acres
Days on Market153
Property Features for 9231 Williamson Rd
General Information
Standard status
Active
Size
12,288 SF
Lot size
10.79 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,295
Building Details
Building Size
12,288 SF
Year Built
2017
Listing Agency:
(512) 522-1916
Listed By:
Celine Crestin · License #0689944
(512) 522-1916
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Jul 16 at 9:49AM
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 Celine Crestin
Investment Insights
Based on property information with market context.
This is an opportunity to acquire nearly 11 acres of income-producing property in the Buda area. The offering includes two adjoining lots sold together, featuring a total of 3 site-built single-family homes and 8 manufactured homes. All homes are tenant-occupied, with a projected rental income exceeding $20,000 per month. The property is strategically located with easy access to Highway 21, Toll Road 130, and IH-35, and is a short drive to Tesla, the Austin-Bergstrom International Airport, and other major employment hubs. This property offers both immediate cash flow and long-term upside. There is room for future development, making this a solid investment opportunity for those looking to generate passive income while holding for appreciation or potential redevelopment in the future. Zoning and development potential should be independently verified.
Key Highlights
- Projected rental income exceeding $20,000/month.
- Nearly 11 acres of land in the rapidly growing Buda area.
- Includes 3 site‑built single‑family homes and 8 manufactured homes.
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
$188,365
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
7.53%
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%
$3,767,300
$3.8M
Cap Rate 7%
$2,690,929
$2.7M
Cap Rate 9%
$2,092,944
$2.1M
Market Conditions
NOI Build-Up for 12,288 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
$361.3K $29.40/SF
− Vacancy
−$18.8K −$1.53/SF
EGI
$342.5K $27.87/SF
− OpEx
−$154.1K −$12.54/SF
NOI
$188.4K $15.33/SF
Area
Hays County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$3,767,300
Cap Rate 7%
$2,690,929
Cap Rate 9%
$2,092,944
Alternative Uses
Best Use
Apartment 5plus
$2.69M
$2.35M – $3.14M
NOI $188,365 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.14M
$4.49M – $5.99M
NOI $359,569 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 78610, TX
45,134
Population
17,271
Households
2.6
Avg Household Size
35
Median Age
42%
College-Educated
91%
High-School Grad
96.9 sq mi
ZIP Area
466
Density / Sq Mi
$110,417
Median Household Income
$58,770
Median Earnings
$1,736
Median Rent
$379,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Nearly 11 acres with immediate cash flow and long-term upside.
Where is this multifamily property located?
The property is located at 9231 Williamson Rd Buda, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Projected rental income exceeding $20,000/month.; Nearly 11 acres of land in the rapidly growing Buda area.; Includes 3 site‑built single‑family homes and 8 manufactured homes.
