Building Details

Year Built 1980

Listing Agency: Armstrong Properties

Listed By: Pamela Payonk · License #PAYONPAM122 Show Phone

Source: Doorstephomegroup

Added: Sep 11 Changed: Sep 27 Last Checked: Sep 29 at 1:19PM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a compact beauty shop with a separate tiny home. The commercial area accommodates one to two service stations, supporting uses such as hairstyling, barbering, nail care, or esthetics. The residence includes one bedroom, one bathroom, a full kitchen, and a spacious living area, providing a practical on-site living component.

The property fronts State Highway 36 S along with two city streets, giving the site multiple points of roadway exposure. The tiny home is five years old and may serve as a residence, guest accommodation, rental, or quarters connected to the commercial operation.

Key Highlights

• Frontage on State Highway 36 S plus two city streets
• Beauty shop configured for 1‑2 stations
• Five‑year‑old tiny home included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$4,717

Cap Rate

3.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$94,340 $94.3K

Cap Rate 7%

$67,386 $67.4K

Cap Rate 9%

$52,411 $52.4K

Market Conditions

NOI Build-Up for 432 SF

Gross rent

$8.3K $19.20/SF

− Vacancy

−$746 −$1.73/SF

EGI

$7.5K $17.47/SF

− OpEx

−$2.8K −$6.55/SF

NOI

$4.7K $10.92/SF

Area

Burleson County, TX

Vacancy

9.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$94,340

Cap Rate 7%

$67,386

Cap Rate 9%

$52,411

Alternative Uses

Best Use

Mixed Use

$67.4K

$59.0K – $78.6K (±1% cap)

NOI $4,717 @ 7.0% cap · market cap 3.14%

Second Best

Retail

$66.8K

$58.4K – $77.9K (±1% cap)

NOI $4,674 @ 7.0% cap · market cap 3.12%

Theoretical Best

Office A

$106.4K

$93.1K – $124.1K (±1% cap)

NOI $7,446 @ 7.0% cap · market cap 4.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Barber Shop Home Appliance Store Plumbing Service

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Explore this area Business Placement

Demographics for 77879, TX

4,994

Population

3,013

Households

1.7

Avg Household Size

49

Median Age

25%

College-Educated

84%

High-School Grad

192.4 sq mi

ZIP Area

26

Density / Sq Mi

$70,808

Median Household Income

$45,523

Median Earnings

$1,039

Median Rent

$142,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial space and a one-bedroom residence create a flexible setup for personal services and on-site living.

Where is this mixed-use property located?

The property is located at 13914 State Highway 36 S Somerville, TX.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Frontage on State Highway 36 S plus two city streets; Beauty shop configured for 1‑2 stations; Five‑year‑old tiny home included