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    Assisted Living Nursing Facility Title is generated by Realmo AI

    1405 W Storey Street, San Saba, TX 76877

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    For Sale
    $465,000

    COMMERCIAL - San Saba, TX

    Lot size:
    1.02 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    104
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 1405 W Storey Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Parking Lot, Open
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    7128
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Description
    WEST ADDITION BLOCK 6 W PT NURSING HOME
    Tax Annual Amount
    10638

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Leah Caruthers
    Leah Caruthers

    Listing agent Leah Caruthers License #0561403

    Listing office TEXAS REAL ESTATE SALES Lampasas, TX

    Listing date Feb 19, 2026

    MLS# 20847484

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 16,000+ SF building designed for a nursing home or assisted‑living facility
    • Floor plan includes a front lobby, commercial kitchen, staff offices, and laundry facility
    • Private and shared restrooms with ADA showers
    • Accessible approach with ramp and ADA features
    • Over 1‑acre lot with mature trees and plenty of parking (off street, parking lot, open)
    • Public water and public sewer; brick construction with concrete floors; central electric heating and central air

    Overview

    This property is a large, purpose-designed healthcare building with a floor plan oriented toward nursing home or assisted-living use. Interior improvements include a welcoming front lobby area, a commercial kitchen area, and a mix of private and shared restrooms featuring ADA showers. The building also includes staff offices and a dedicated laundry facility, with supporting common areas consistent with residential care operations. The current ownership has begun an extensive overhaul to revive the approximately 16,000+ square foot facility, with the majority of major work reportedly completed; additional repairs and finishing touches remain.

    The property is sited on just over an acre lot and offers plenty of parking, with mature trees surrounding the site. It is located in San Saba, Texas at 1405 W Storey Street (San Saba, TX 76877).

    With its existing operational design, this asset is well suited for healthcare operators looking to re-enter the market, as well as investors seeking a redevelopment opportunity aligned to assisted-living and nursing home functionality. The remaining work provides room to tailor the finishes and complete the turnaround to match an operator’s standards and program needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nursing homes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Shady Shores Nursing Home — 2400 W Brown St, San Saba, TX 76877
    • San Saba Rehabilitation and Nursing — 2400 W Brown St, San Saba, TX 76877

    Location Insight

    • Map
    • Local Demand
    City
    San Saba
    County
    San Saba
    State
    Texas
    Longitude
    -98.732908
    Latitude
    31.192818

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    FAQs

    What type of property is this?
    Nursing home - Large assisted-living and nursing home layout with lobby, kitchen, ADA showers, and ample parking for redevelopment or operations.
    Where is this nursing home located?
    The property is located at 1405 W Storey Street San Saba, TX.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: 16,000+ SF building designed for a nursing home or assisted‑living facility; Floor plan includes a front lobby, commercial kitchen, staff offices, and laundry facility; Private and shared restrooms with ADA showers
    (512) 556-9090
    We can help!
    Listing Contact
    Leah Caruthers
    Leah Caruthers
    Real Estate License ID: 0561403
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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