Versatile Property with Income
829 State Highway 21 Cedar Creek, TX 78612
829 State Highway 21, Cedar Creek, TX, 78612
$570,000
For Sale
$570,000
Two-acre property with residential and commercial zoning near Austin.
Property Size2,492 SF
Lot Size2.00 Acres
Price / SF$228.73
Days on Market90
Property Features for 829 State Highway 21
General Information
- Standard status
- Active
- Size
- 2,492 SF
- Lot size
- 2.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing agency
TS Realty
(210) 269-9940
Listed by
Elizabeth Schmidtberger · License #0690215
(210) 269-9940
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:18PM Checked: Jul 21 at 8:29AM
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 TS Realty
Investment Insights
Based on property information with market context.
This two-acre property in Cedar Creek, Texas, offers a blend of residential and commercial opportunities. Located off HWY 21, the property benefits from high traffic and visibility. The site includes a 5-bedroom home with an open kitchen and 2.5 bathrooms. The home has been freshly painted and features a wraparound deck. A detached shop provides additional storage or workspace. The commercial portion of the property includes a 2,492-square-foot warehouse with its own office and bathroom, which is currently rented and producing income. Additionally, there is a 1,200-square-foot pole barn for equipment, storage, or expansion. The property's location in the Austin metro corridor provides access to Austin, Bastrop, and surrounding areas. The property is partially residentially and partially commercially zoned, offering the possibility to run a business and live onsite. This property is suitable for entrepreneurs looking to combine home and business, investors seeking income-producing property, or those wanting space with commercial flexibility.
Key Highlights
- 2 acres with partial residential and partial commercial zoning off HWY 21.
- 2,492 sq ft warehouse with office and bathroom, currently rented for immediate income.
- 5‑bedroom home with open kitchen, 2.5 bathrooms, and wraparound deck.
Local Financial Insights For Mixed Use
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 | $74.8k | $30.00 |
| − Vacancy | −$9.0k | −$3.60 |
| EGI | $65.8k | $26.40 |
| − OpEx | −$24.7k | −$9.90 |
| NOI | $41.1k | $16.50 |
2,492 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$848.9K
$742.8K – $990.4K
NOI $59,423 @ 7.0% cap · market cap 10.43%
Second Best
Mixed Use
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$976.5K
$854.5K – $1.14M
NOI $68,357 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-acre property with residential and commercial zoning near Austin.
Where is this mixed-use property located?
The property is located at 829 State Highway 21 Cedar Creek, TX.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 2 acres with partial residential and partial commercial zoning off HWY 21.; **2,492 sq ft warehouse with office and bathroom, currently rented for immediate income.**; 5‑bedroom home with open kitchen, 2.5 bathrooms, and wraparound deck.
