Mixed-Use Property with Beauty
New
For Sale
$150,000
13914 State Highway 36 S, Somerville, TX 77879
Commercial space and a one-bedroom residence create a flexible setup for personal services and on-site living.
Property Size432 SF
Price / SF$347.22
Days on Market6
Property Features for 13914 State Highway 36 S
General Information
Standard status
Active
Size
432 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1980
Listing Agency:
Armstrong Properties
Listed By:
Pamela Payonk
(979) 272-1759
Source:
Doorstephomegroup
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 15 at 11:37PM
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 Armstrong Properties
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.
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 = 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
$4,717
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
3.14%
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%
$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
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
$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 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%
$94,340
Cap Rate 7%
$67,386
Cap Rate 9%
$52,411
Alternative Uses
Best Use
Mixed Use
$67.4K
$59.0K – $78.6K
NOI $4,717 @ 7.0% cap · market cap 3.14%
Second Best
Retail
$66.8K
$58.4K – $77.9K
NOI $4,674 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$106.4K
$93.1K – $124.1K
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
