Commercial Land With Existing
For Sale
$925,000
1501 & 1503 N Burleson St, Kyle, TX 78640
The property includes an existing structure and utility connections serving each half of the tract.
Property Size1,541 SF
Price / SF$600.26
Days on Market351
Property Features for 1501 & 1503 N Burleson St
General Information
Standard status
Active
Size
1,541 SF
Property subtype
Commercial
Building Details
Building Size
1,541 SF
Buildings
2
Listing Agency:
Aston & Associates
(512) 295-7653
Listed By:
David Aston · License #0371315
Source:
Loessinproperties
Added: Aug 27, 2025
Changed: Aug 4
Last Checked: Aug 11 at 2:31PM
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 Aston & Associates
Investment Insights
Based on property information with market context.
This commercial land offering combines two separate 0.50-acre parcels for a total of 1 acre, with a 1,541-square-foot house on the property. The structure was previously used residentially and could support office or small-business plans, while the land may also accommodate new construction or redevelopment. Each parcel is connected to septic, city water, and electric service. A sewer line is located at the street, but neither property is connected to city sewer.
The property is located at 1501 & 1503 N Burleson St in Kyle, one block from the IH35 access road and near the Marketplace Ave. and Burleson St. roundabout. Current zoning is AG, which permits the existing SFR home; a zoning change is required for commercial use. The parcels may be purchased together or separately.
The property is located at 1501 & 1503 N Burleson St in Kyle, one block from the IH35 access road and near the Marketplace Ave. and Burleson St. roundabout. Current zoning is AG, which permits the existing SFR home; a zoning change is required for commercial use. The parcels may be purchased together or separately.
Key Highlights
- Two separate 0.50‑acre parcels totaling 1 acre
- Existing 1,541‑square‑foot house previously used residentially
- Each half has septic, city water, and electric connections
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
$36,746
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
3.97%
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%
$734,920
$734.9K
Cap Rate 7%
$524,943
$524.9K
Cap Rate 9%
$408,289
$408.3K
Market Conditions
NOI Build-Up for 1,541 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
$64.7K $42.00/SF
− Vacancy
−$15.7K −$10.21/SF
EGI
$49.0K $31.79/SF
− OpEx
−$12.2K −$7.95/SF
NOI
$36.7K $23.85/SF
Area
Hays County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
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%
$734,920
Cap Rate 7%
$524,943
Cap Rate 9%
$408,289
Alternative Uses
Best Use
Office B
$524.9K
$459.3K – $612.4K
NOI $36,746 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$644.2K
$563.7K – $751.5K
NOI $45,092 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 78640, TX
64,539
Population
25,236
Households
2.6
Avg Household Size
33
Median Age
29%
College-Educated
87%
High-School Grad
89.6 sq mi
ZIP Area
720
Density / Sq Mi
$88,533
Median Household Income
$45,439
Median Earnings
$1,572
Median Rent
$291,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - The property includes an existing structure and utility connections serving each half of the tract.
Where is this commercial land located?
The property is located at 1501 & 1503 N Burleson St Kyle, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two separate 0.50‑acre parcels totaling 1 acre; Existing 1,541‑square‑foot house previously used residentially; Each half has septic, city water, and electric connections
