Building Details

Year Built 1965

Buildings 1

Listing Agency: Phyllis Browning Company

Listed By: Andrew Goland · License #0767054 Show Phone

Source: Compass

Added: Feb 21, 2023 Changed: Oct 11 Last Checked: Oct 16 at 11:10AM

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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 Phyllis Browning Company

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Investment Insights

Based on property information with market context.

This mixed-use property is located at 317 North Cedar Street in Buda and carries commercial and residential overlay zoning. Its Form District 4H designation supports a range of building types and a gradual transition between higher- and lower-intensity development. The property was built in 1965 and is offered as-is.

Situated within Buda’s Historic District and just off Main Street, the property is subject to historic district guidelines governing updates and modifications. Those requirements are intended to preserve the area’s established character. Buyers should complete independent due diligence regarding zoning, historic district regulations, and any proposed use.

Key Highlights

• Form District 4H designation with commercial and residential overlay zoning
• Located in Buda’s Historic District, just off Main Street
• Historic district guidelines apply to updates and modifications

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,080

Cap Rate

3.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,600 $561.6K

Cap Rate 7%

$401,143 $401.1K

Cap Rate 9%

$312,000 $312.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,080 SF

Gross rent

$49.9K $24.00/SF

− Vacancy

−$5.0K −$2.40/SF

EGI

$44.9K $21.60/SF

− OpEx

−$16.8K −$8.10/SF

NOI

$28.1K $13.50/SF

Area

Hays County, TX

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,600

Cap Rate 7%

$401,143

Cap Rate 9%

$312,000

Alternative Uses

Best Use

Mixed Use

$401.1K

$351.0K – $468.0K (±1% cap)

NOI $28,080 @ 7.0% cap · market cap 3.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$869.5K

$760.8K – $1.01M (±1% cap)

NOI $60,864 @ 7.0% cap · market cap 8.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Building Supply Garden Center Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

490

Businesses Nearby

Explore this area Business Placement

Demographics for 78610, TX

45,134

Population

17,271

Households

2.6

Avg Household Size

35

Median Age

42%

College-Educated

91%

High-School Grad

96.9 sq mi

ZIP Area

466

Density / Sq Mi

$110,417

Median Household Income

$58,770

Median Earnings

$1,736

Median Rent

$379,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Form District 4H designation accommodates a blend of commercial and residential uses in Buda’s Historic District.

Where is this mixed-use property located?

The property is located at 317 North Cedar Street Buda, TX.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Form District 4H designation with commercial and residential overlay zoning; Located in Buda’s Historic District, just off Main Street; Historic district guidelines apply to updates and modifications