Building Details

Building Size 4,144 SF

Year Built 1998

Buildings 4

Listing Agency: Texas Hills and Lakes RE

Listed By: Deborah Carrington · License #0435564 Show Phone

Source: Denpg

Added: Feb 22, 2024 Changed: Oct 1 Last Checked: Oct 7 at 3:44PM

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Investment Insights

Based on property information with market context.

Set on 2.1 acres, this industrial property includes an approximately 4,000-square-foot shop with doors at both ends. The space served metal fabrication and welding operations for 25 years. A separate building has been used as an office, and two storage sheds provide additional on-site storage. The property was built in 1998 and is fenced on two sides.

The yard includes a truck turnaround and drive-through area, with room for heavy equipment. Electrical service includes two 240 amp service, and the property has an RV hookup with 50 amp service. The site is unrestricted and is close to Hwy. 71, Lake Travis and Marble Falls.

Key Highlights

• 2.1‑acre industrial property
• Approximately 4000 sq.ft. shop with doors at both ends
• Separate building used as an office and two storage sheds

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,078

Cap Rate

6.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$741,560 $741.6K

Cap Rate 7%

$529,686 $529.7K

Cap Rate 9%

$411,978 $412.0K

Market Conditions

NOI Build-Up for 4,144 SF

Gross rent

$61.7K $14.88/SF

− Vacancy

−$8.7K −$2.10/SF

EGI

$53.0K $12.78/SF

− OpEx

−$15.9K −$3.83/SF

NOI

$37.1K $8.95/SF

Area

Travis County, TX

Vacancy

14.10%

Lease Rate

$14.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$741,560

Cap Rate 7%

$529,686

Cap Rate 9%

$411,978

Alternative Uses

Best Use

Industrial

$529.7K

$463.5K – $618.0K (±1% cap)

NOI $37,078 @ 7.0% cap · market cap 6.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,261 @ 7.0% cap · market cap 20.24%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick HVAC Service Building Supply Garden Center Home Appliance Store Plumbing Service Pet Grooming 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

Fenced yard

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 78669, TX

12,415

Population

5,967

Households

2.1

Avg Household Size

48

Median Age

53%

College-Educated

97%

High-School Grad

121.3 sq mi

ZIP Area

102

Density / Sq Mi

$126,422

Median Household Income

$70,140

Median Earnings

$1,940

Median Rent

$576,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this manufacturing 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?

Manufacturing property - The site combines a fabrication shop, separate office building, storage sheds and a truck circulation yard.

Where is this manufacturing property located?

The property is located at 320 Red Bluff RD Spicewood, TX.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 2.1‑acre industrial property; Approximately 4000 sq.ft. shop with doors at both ends; Separate building used as an office and two storage sheds