Mixed-Use Property with Updated
New
For Sale
$475,000
137 Clark St, Bartlett, TX 76511
A live-work layout combines commercial space and a place to live in Bartlett.
Property Size2,500 SF
Price / SF$190
Days on Market5
Property Features for 137 Clark St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Top Notch Properties
Listed By:
Becky Cooper (512) 269-5278
(512) 350-0997
Source:
Allcentraltxhomesforsale
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:51AM
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 Top Notch Properties
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Investment Insights
Based on property information with market context.
This 2,500-square-foot mixed-use property in Bartlett supports a live-work arrangement. A commercial-grade HVAC system was installed after the prior sale. The roof has a new layer of high-solids silicone coating, and its warranty is transferable for two years.
Built in 1900, the property sits within Bartlett’s historic street grid. A floor plan is available through the virtual link.
Built in 1900, the property sits within Bartlett’s historic street grid. A floor plan is available through the virtual link.
Key Highlights
- 2,500 square feet configured for mixed‑use living and work
- Commercial‑grade HVAC installed after the prior sale
- Roof has a new high‑solids silicone layer and a transferable two‑year warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,818
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,360
$836.4K
Cap Rate 7%
$597,400
$597.4K
Cap Rate 9%
$464,644
$464.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$76.8K $30.72/SF
− Vacancy
−$21.0K −$8.42/SF
EGI
$55.8K $22.30/SF
− OpEx
−$13.9K −$5.58/SF
NOI
$41.8K $16.73/SF
Area
Bell County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,360
Cap Rate 7%
$597,400
Cap Rate 9%
$464,644
Alternative Uses
Best Use
Office B
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 8.80%
Second Best
Retail
$483.8K
$423.3K – $564.4K
NOI $33,863 @ 7.0% cap · market cap 7.13%
Theoretical Best
Multifamily LT 5
$27.91M
$24.42M – $32.56M
NOI $1,953,630 @ 7.0% cap · market cap 411.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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Business Placement
Demographics for 76511, TX
2,451
Population
988
Households
2.5
Avg Household Size
41
Median Age
12%
College-Educated
84%
High-School Grad
82.8 sq mi
ZIP Area
30
Density / Sq Mi
$64,215
Median Household Income
$38,101
Median Earnings
$768
Median Rent
$180,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A live-work layout combines commercial space and a place to live in Bartlett.
Where is this mixed-use property located?
The property is located at 137 Clark St Bartlett, 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: 2,500 square feet configured for mixed‑use living and work; Commercial‑grade HVAC installed after the prior sale; Roof has a new high‑solids silicone layer and a transferable two‑year warranty
