Mixed-Use Property with Highway
For Sale
$475,000
566 State Highway 95, Bastrop, TX 78602
Multiple homes and a warehouse create a flexible mixed-use property with municipal water and a private well.
Property Size2,448 SF
Price / SF$194.04
Days on Market1298
Property Features for 566 State Highway 95
General Information
Standard status
Active
Size
2,448 SF
Total Parking Spaces
25
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$5,440
Building Details
Year Built
1994
Buildings
5
Listing Agency:
Allure Real Estate
Listed By:
Monica Poss · License #0610559
(512) 775-0974
Source:
Compass
Added: Mar 29, 2023
Changed: Oct 13
Last Checked: Oct 15 at 1:53AM
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 Allure Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property occupies 3.1 acres at 566 State Highway 95 and includes four homes plus a warehouse. The improvements date to 1994, providing a combination of residential and commercial components within one property. City water serves the site, which also has a well, and no known restrictions are identified.
The property has 184 feet of frontage along Highway 95, with downtown Bastrop approximately six minutes away and Highway 71 approximately four minutes away. An adjacent 8.4-acre tract along a creek is also available for purchase. The property’s configuration supports consideration of residential, warehouse, and other mixed-use applications, subject to buyer due diligence regarding permitted uses.
The property has 184 feet of frontage along Highway 95, with downtown Bastrop approximately six minutes away and Highway 71 approximately four minutes away. An adjacent 8.4-acre tract along a creek is also available for purchase. The property’s configuration supports consideration of residential, warehouse, and other mixed-use applications, subject to buyer due diligence regarding permitted uses.
Key Highlights
- 3.1‑acre mixed‑use property at 566 State Highway 95, Bastrop, TX 78602
- 184 feet of frontage along Highway 95
- Four homes and a warehouse on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,392
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
$807.8K
Cap Rate 7%
$577,029
$577.0K
Cap Rate 9%
$448,800
$448.8K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$73.4K $30.00/SF
− Vacancy
−$8.8K −$3.60/SF
EGI
$64.6K $26.40/SF
− OpEx
−$24.2K −$9.90/SF
NOI
$40.4K $16.50/SF
Area
Bastrop County, TX
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
Cap Rate 7%
$577,029
Cap Rate 9%
$448,800
Alternative Uses
Best Use
Mixed Use
$577.0K
$504.9K – $673.2K
NOI $40,392 @ 7.0% cap · market cap 8.50%
Second Best
Warehouse
$352.1K
$308.1K – $410.8K
NOI $24,646 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$959.3K
$839.4K – $1.12M
NOI $67,150 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 78602, TX
33,759
Population
13,485
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
87%
High-School Grad
195.3 sq mi
ZIP Area
173
Density / Sq Mi
$86,976
Median Household Income
$41,644
Median Earnings
$1,331
Median Rent
$310,300
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?
Mixed-use property - Multiple homes and a warehouse create a flexible mixed-use property with municipal water and a private well.
Where is this mixed-use property located?
The property is located at 566 State Highway 95 Bastrop, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3.1‑acre mixed‑use property at 566 State Highway 95, Bastrop, TX 78602; 184 feet of frontage along Highway 95; Four homes and a warehouse on the property
