Medical Office Building with
1312 N US Highway 281 Lampasas, TX 76550
1312 N US Highway 281, Lampasas, TX, 76550
$425,000
For Sale
$425,000
COMMERCIAL - Lampasas, TX
Property Size1,071 SF
Lot Size1.43 Acres
Price / SF$396.83
Days on Market143
Property Features for 1312 N US Highway 281
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Off Street
- 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
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
Lampasas, TX
Listed by
Leah Caruthers · License #0561403
(512) 556-9090
Added: Feb 25 Checked: Jul 18 at 3:06 am
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.
Investment Insights
Based on property information with market context.
This versatile professional building is offered for sale and is positioned as a turnkey solution for businesses that need private consultation space. The interior includes a spacious lobby with a dedicated receiving desk, durable tile flooring, and multiple private exam or consultation rooms. Built-in cabinetry and wash sinks are included in the patient or consultation areas, along with a private executive office and a single restroom. The property is described as move-in-ready, with the opportunity for new owners to add their own finishing touches.
Located on a high-traffic corridor with exceptional visibility on Highway 281, the building benefits from strong exposure for attracting patients and clients. Public remarks note over 13,500 vehicles passing daily, along with ample front-door parking to support convenient arrivals and customer access.
The existing layout is particularly compatible with medical and dental practices that rely on private rooms and a common reception area. It can also fit professional services such as law firms or veterinary practices that want office privacy, a central lobby, and a dedicated receiving area. For buyers seeking an adaptable office setting with practical improvements already in place, this property provides a solid base for customization.
Located on a high-traffic corridor with exceptional visibility on Highway 281, the building benefits from strong exposure for attracting patients and clients. Public remarks note over 13,500 vehicles passing daily, along with ample front-door parking to support convenient arrivals and customer access.
The existing layout is particularly compatible with medical and dental practices that rely on private rooms and a common reception area. It can also fit professional services such as law firms or veterinary practices that want office privacy, a central lobby, and a dedicated receiving area. For buyers seeking an adaptable office setting with practical improvements already in place, this property provides a solid base for customization.
Key Highlights
- Professional building formerly used as a veterinary clinic, designed with a spacious lobby and a dedicated receiving desk
- Multiple private exam/consultation rooms with built‑in cabinetry and wash sinks, plus a private executive office
- Single restroom and durable tile flooring throughout
Local Financial Insights For Office B
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 | $23.1k | $21.60 |
| − Vacancy | −$4.3k | −$3.97 |
| EGI | $18.9k | $17.63 |
| − OpEx | −$4.7k | −$4.41 |
| NOI | $14.2k | $13.22 |
1,071 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Versatile professional building with multiple private rooms and reception area, well suited for medical, dental, or law use.
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: Professional building formerly used as a veterinary clinic, designed with a spacious lobby and a dedicated receiving desk; Multiple private exam/consultation rooms with built‑in cabinetry and wash sinks, plus a private executive office; Single restroom and durable tile flooring throughout
