Flex Space with Office
For Sale
Contact for pricing
126 Kellar Road #A, Smithville, TX 78957
Two bays combine dedicated office space with areas for equipment, inventory, or storage.
Property Size2,400 SF
Price / SF$0.75
Days on Market76
Property Features for 126 Kellar Road #A
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Warehouse
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Listing Agency:
Serhant Texas, LLC
(281) 768-8265
Listed By:
Taylor Homuth
(512) 321-8368
Source:
Hoydenhomes
Added: Aug 17
Changed: Oct 28
Last Checked: Oct 28 at 9:46AM
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 Serhant Texas, LLC
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Investment Insights
Based on property information with market context.
This flex property contains 2,400 square feet arranged as two 1,200-square-foot bays. Each bay has two office spaces alongside flexible area for equipment, inventory, storage, or operations. The bays can be used individually or together, offering a choice of one unit or the full space.
The property is just off Highway 71 between Bastrop and Smithville, with Austin approximately 35 minutes away. Built in 2026, it offers a combination of office and functional work area.
The property is just off Highway 71 between Bastrop and Smithville, with Austin approximately 35 minutes away. Built in 2026, it offers a combination of office and functional work area.
Key Highlights
- 2,400 square feet divided into two 1,200‑square‑foot bays
- Each bay includes two dedicated office spaces
- Bays may be occupied individually or combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,940
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,800
$398.8K
Cap Rate 7%
$284,857
$284.9K
Cap Rate 9%
$221,556
$221.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$35.7K $14.88/SF
− Vacancy
−$5.0K −$2.10/SF
EGI
$30.7K $12.78/SF
− OpEx
−$10.7K −$4.47/SF
NOI
$19.9K $8.31/SF
Area
Bastrop County, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,800
Cap Rate 7%
$284,857
Cap Rate 9%
$221,556
Alternative Uses
Best Use
Warehouse
$345.2K
$302.0K – $402.7K
NOI $24,163 @ 7.0% cap · market cap 1,342.39%
Second Best
Industrial
$306.8K
$268.4K – $357.9K
NOI $21,474 @ 7.0% cap · market cap 1,193.00%
Theoretical Best
Office A
$940.5K
$822.9K – $1.10M
NOI $65,834 @ 7.0% cap · market cap 3,657.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78957, TX
10,214
Population
4,743
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
177.1 sq mi
ZIP Area
58
Density / Sq Mi
$62,796
Median Household Income
$39,731
Median Earnings
$1,169
Median Rent
$246,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two bays combine dedicated office space with areas for equipment, inventory, or storage.
Where is this flex space located?
The property is located at 126 Kellar Road #A Smithville, TX.
What are key features of this property?
This property features: 2,400 square feet divided into two 1,200‑square‑foot bays; Each bay includes two dedicated office spaces; Bays may be occupied individually or combined
