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    Versatile Steel Building on Corner Lot Title is generated by Realmo AI

    107 W 10th Street, Lampasas, TX 76550

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    For Sale
    $425,000

    2500 SF steel building with high ceilings and roll-up doors.

    Type:Commercial
    Property size:
    2,500 SF
    Price / SF:
    $170/SF
    Added:
    Apr 22, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 22 at 5:30 pm

    Property Features for 107 W 10th Street

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

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    Listing Contact
    Leah Caruthers

    Listing agent Leah Caruthers

    Listing office TEXAS REAL ESTATE SALES

    Listing date Apr 22, 2026

    Source Signaturere

    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 TEXAS REAL ESTATE SALES

    HighLights

    • High‑visibility location on Hwy 281, ideal for business exposure.
    • 2500 sq ft steel‑framed building with 18‑20 ft ceilings and three 14‑foot roll‑up doors.
    • Fully spray foam insulated with skylights and solar window screens for energy efficiency.
    • Updated water, sewer, and 200 Amp electrical service with RV plugs and exterior GFI outlets.
    • Large corner lot with potential for additional structure or parking.
    • Additional sewer drain line in place for an additional restroom or kitchen space.

    Overview

    This solid, 2500 square foot steel-framed building features full spray foam insulation, skylights, and windows that provide ample natural light. Solar window screens help to reduce heat. The building includes 18 to 20-foot ceilings and three large 14-foot tall roll-up doors, two at the front and one at the rear, facilitating airflow. Water and sewer lines have been updated with the installation of a new bathroom. An additional sewer drain line is in place for a second restroom or kitchen area. The electrical system has been upgraded to 200 Amp service, and two 50 amp RV plugs are installed on the front of the building, along with weatherproof GFI outlets. The office space is cooled by a window unit and heated by a portable oil heater, offering a view of the open bay and a pass-through. Originally heated by a disconnected natural gas heater, the building now uses electric and propane portable heaters, with a swamp cooler and fans for cooling during warmer months. An upgraded exterior security door and emergency exit signs have been installed. Additional storage is available above the office. Exterior weather GFI outlets are installed for extension cords or lighting. The large grass corner lot offers potential for additional structure or parking. A heritage pecan tree provides shade. Located with high visibility on Hwy 281, this building has previously housed a radiator shop, garden center, antique store, and auto body fabrication shop.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $45.0k $18.00
    − Vacancy −$2.5k −$1.01
    EGI $42.5k $16.99
    − OpEx −$12.7k −$5.10
    NOI $29.7k $11.89
    2,500 SF · lease $18.00/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $424.8K
    $371.7K – $495.6K (±1% cap)
    NOI $29,736 @ 7.0% cap · market cap 7.00%
    Second Best
    Flex RnD
    $234.4K
    $205.1K – $273.5K (±1% cap)
    NOI $16,409 @ 7.0% cap · market cap 3.86%
    Theoretical Best
    Office A
    $600.5K
    $525.4K – $700.6K (±1% cap)
    NOI $42,034 @ 7.0% cap · market cap 9.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.18102
    Latitude
    31.058913

    FAQs

    What type of property is this?
    Flex space - 2500 SF steel building with high ceilings and roll-up doors.
    Where is this flex space located?
    The property is located at 107 W 10th Street Lampasas, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: High‑visibility location on Hwy 281, ideal for business exposure.; **2500 sq ft steel‑framed building with 18‑20 ft ceilings and three 14‑foot roll‑up doors.**; Fully spray foam insulated with skylights and solar window screens for energy efficiency.
    More about this property
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