Medical Office Building with Exam
For Sale
$425,000
1312 N US Highway 281, Lampasas, TX 76550
CommercialSale, Lampasas, TX
Property Size1,071 SF
Lot Size1.43 Acres
Price / SF$396.83
Days on Market234
Property Features for 1312 N US Highway 281
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Off Street
Subdivision
20110
Directions
Located close to the junction of Highways 190, 183, and 281 on the north side of Lampasas. Property is on east side of Highway 281 going north.
Standard status
Active
APN
8558
Size
1,071 SF
Lot size
1.43 Acres
Taxes and HOA fees
Tax Description
ABST 110 J R COOK, ACRES 1.43, VET CLINIC
Tax Annual Amount
2886
Legal Description
ABST 110 J R COOK, ACRES 1.43, VET CLINIC
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2000
Floors in Building
1
Number of units
1
Flooring type
Tile, Concrete
Building materials
Rock, Stone
Roof type
Metal
Listing Agency:
TEXAS REAL ESTATE SALES
(512) 556-9090
Listed By:
Leah Caruthers · License #0561403
(512) 627-6670
Added: Feb 25
Changed: Sep 15
Last Checked: Oct 17 at 8:06PM
MLS# 21185213
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,071-square-foot medical office building sits on 1.43 acres and was constructed in 2000. The interior includes a lobby, receiving desk, multiple private exam or consultation rooms with built-in cabinetry and wash sinks, an executive office, and one restroom. Tile and concrete flooring, central heating and central air, a metal roof, and a septic tank are among the property features. The building previously operated as a veterinary clinic.
Located at 1312 N US Highway 281 in Lampasas, the property offers direct exposure along the highway, where traffic exceeds 13,500 vehicles daily. Off-street parking is positioned near the front entrance. The existing room configuration and reception area provide a functional framework for medical, dental, veterinary, legal, or other professional office use.
Located at 1312 N US Highway 281 in Lampasas, the property offers direct exposure along the highway, where traffic exceeds 13,500 vehicles daily. Off-street parking is positioned near the front entrance. The existing room configuration and reception area provide a functional framework for medical, dental, veterinary, legal, or other professional office use.
Key Highlights
- 1,071‑square‑foot medical office building on 1.43 acres
- Located along US Highway 281 with over 13,500 vehicles passing daily
- Multiple private exam or consultation rooms with built‑in cabinetry and wash sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,158
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,160
$283.2K
Cap Rate 7%
$202,257
$202.3K
Cap Rate 9%
$157,311
$157.3K
Market Conditions
NOI Build-Up for 1,071 SF
Gross rent
$23.1K $21.60/SF
− Vacancy
−$4.3K −$3.97/SF
EGI
$18.9K $17.63/SF
− OpEx
−$4.7K −$4.41/SF
NOI
$14.2K $13.22/SF
Area
Lampasas County, TX
Vacancy
18.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,160
Cap Rate 7%
$202,257
Cap Rate 9%
$157,311
Alternative Uses
Best Use
Office B
$202.3K
$177.0K – $236.0K
NOI $14,158 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$163.0K
$142.7K – $190.2K
NOI $11,413 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$257.2K
$225.1K – $300.1K
NOI $18,007 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76550, TX
12,840
Population
6,129
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
541.5 sq mi
ZIP Area
24
Density / Sq Mi
$73,697
Median Household Income
$34,970
Median Earnings
$902
Median Rent
$237,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Private consultation rooms, built-in cabinetry, reception space, and front-door parking support professional office operations.
Where is this medical office space located?
The property is located at 1312 N US Highway 281 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: 1,071‑square‑foot medical office building on 1.43 acres; Located along US Highway 281 with over 13,500 vehicles passing daily; Multiple private exam or consultation rooms with built‑in cabinetry and wash sinks
