Multi-Tenant Mixed-Use
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13478 East State Highway 29, Georgetown, TX 78626
Fully leased building with multiple suites, HVAC, and restroom facilities.
Property Size13,785 SF
Price / SF$188.61
Days on Market7
Property Features for 13478 East State Highway 29
General Information
Standard status
Active
Size
13,785 SF
Property subtype
Retail, Office, Industrial
Occupancy
100%
Amenities
HVAC
restroom
Building Details
Year Built
2026
Construction
metal building
Tenancy
Multi
Listing Agency:
Seeker Commercial
Listed By:
Gracie Matthews · License #TX
Source:
Crexi
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 15 at 7:20AM
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 Seeker Commercial
Investment Insights
Based on property information with market context.
Located at 13478 East State Highway 29 in Georgetown, this mixed-use property is a 13,785-square-foot metal building completed in 2026. The building is configured for multiple occupants with four suite concepts, each supported by HVAC and restroom facilities.
The property is reported as 100% leased and is positioned along State Highway 29 in the Georgetown area.
The property is reported as 100% leased and is positioned along State Highway 29 in the Georgetown area.
Key Highlights
- 13,785 SF multi‑tenant metal building
- 100% leased
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$186,098
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,721,960
$3.7M
Cap Rate 7%
$2,658,543
$2.7M
Cap Rate 9%
$2,067,756
$2.1M
Market Conditions
NOI Build-Up for 13,785 SF
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.
Gross rent
$330.8K $24.00/SF
− Vacancy
−$33.1K −$2.40/SF
EGI
$297.8K $21.60/SF
− OpEx
−$111.7K −$8.10/SF
NOI
$186.1K $13.50/SF
Area
Williamson 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,721,960
Cap Rate 7%
$2,658,543
Cap Rate 9%
$2,067,756
Alternative Uses
Best Use
Retail
$3.47M
$3.03M – $4.05M
NOI $242,730 @ 7.0% cap · market cap 9.34%
Second Best
Mixed Use
$2.66M
$2.33M – $3.10M
NOI $186,098 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,373 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased building with multiple suites, HVAC, and restroom facilities.
Where is this mixed-use property located?
The property is located at 13478 East State Highway 29 Georgetown, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 13,785 SF multi‑tenant metal building; 100% leased; Built in 2026
