Flex Space with
For Sale
$750,000
1415 S Commerce St, Lockhart, TX 78644
Workshop and climate-controlled office space provide a practical commercial configuration.
Property Size2,400 SF
Lot Size2.00 Acres
Price / SF$312.50
Days on Market49
Property Features for 1415 S Commerce St
General Information
Standard status
Active
Size
2,400 SF
Lot size
2.00 Acres
Additional Details
Road Access
Yes
Building Details
Year Built
1967
Listing Agency:
Capital Investments of Austin
Listed By:
Michael Valdez
(512) 566-2762
Source:
Olverabolton
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 12:55PM
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 Capital Investments of Austin
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Investment Insights
Based on property information with market context.
This flex space includes a 2,400-square-foot workshop alongside dedicated office area with climate control. Three bay doors provide direct access to the workshop, while the property occupies a 2-acre lot. Built in 1967, the building offers a combination of work and office areas within one commercial property.
Located at 1415 S Commerce St in Lockhart, Texas, the property is available for immediate occupancy. Its workshop, office component, and large site create a straightforward configuration for commercial operations requiring both functional work space and enclosed administrative area.
Located at 1415 S Commerce St in Lockhart, Texas, the property is available for immediate occupancy. Its workshop, office component, and large site create a straightforward configuration for commercial operations requiring both functional work space and enclosed administrative area.
Key Highlights
- 2‑acre lot with 2,400‑square‑foot flex property
- Workshop includes three bay doors
- Dedicated climate‑controlled office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,163
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,260
$483.3K
Cap Rate 7%
$345,186
$345.2K
Cap Rate 9%
$268,478
$268.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$35.7K $14.88/SF
− Vacancy
−$7.3K −$3.04/SF
EGI
$28.4K $11.84/SF
− OpEx
−$4.3K −$1.78/SF
NOI
$24.2K $10.07/SF
Area
Caldwell County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,260
Cap Rate 7%
$345,186
Cap Rate 9%
$268,478
Alternative Uses
Best Use
Warehouse
$345.2K
$302.0K – $402.7K
NOI $24,163 @ 7.0% cap · market cap 3.22%
Second Best
Industrial
$306.8K
$268.4K – $357.9K
NOI $21,474 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.00M
$877.9K – $1.17M
NOI $70,228 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 78644, TX
20,813
Population
7,660
Households
2.7
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
179.9 sq mi
ZIP Area
116
Density / Sq Mi
$72,155
Median Household Income
$40,085
Median Earnings
$1,162
Median Rent
$242,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Budget Catering — 902 Luann Ln, Lockhart, TX 78644
Frequently Asked Questions
What type of property is this?
Flex space - Workshop and climate-controlled office space provide a practical commercial configuration.
Where is this flex space located?
The property is located at 1415 S Commerce St Lockhart, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2‑acre lot with 2,400‑square‑foot flex property; Workshop includes three bay doors; Dedicated climate‑controlled office space
