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    Burnet Mixed-Use Highway Frontage Title is generated by Realmo AI

    1918 W Hwy 29, Burnet, TX 78611

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    Claim this Listing
    For Sale
    $475,000

    COMMERCIAL - Burnet, TX

    Property size:
    1,311 SF
    Lot size:
    2.99 Acres
    Price / SF:
    $362/SF
    Added:
    Jan 15, 2025
    Days on Market:
    484
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for 1918 W Hwy 29

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    10
    Appliances
    Dishwasher, Dryer, Microwave, Washer, Washer Hookup, Electric Water Heater
    Standard status
    Active
    APN
    051557
    Size
    1,311 SF
    Lot size
    2.99 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0405 JOHN HAMILTON, TRACT 1 & 2 (REPLAT DOC 201204128), 2.992 ACRES

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1970
    Floors in Building
    1
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Wood Siding, Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Kayla Runge
    Kayla Runge

    Listing agent Kayla Runge License #0733298

    Listing office eXp Realty, LLC 9600 GREAT HILLS TRL STE 150W, Austin, TX

    Listing date Jan 15, 2025

    MLS# 176366

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highway Frontage: 193 linear feet of HWY 29 frontage offers maximum exposure for commercial use.
    • Mixed‑Use Zoning: Ideal for a variety of residential or commercial purposes.
    • Size: Almost 3 full acres allowing for plenty of storage or future build outs.
    • Open Living Spaces: The open floor plan is perfect for entertaining or versatile usage.
    • Parking: Two‑car garage and a carport with storage provide ample parking.
    • Original Hardwood Floors: 1‑inch hardwood floors beneath the carpet can be restored.

    Overview

    This 2.99-acre property offers a mixed-use opportunity in the heart of Burnet, Texas. Featuring 193 linear feet of highway frontage on HWY 29, the location provides maximum exposure and is situated next to several thriving businesses. The existing structure includes 1311 square feet of living space with 2 bedrooms and 2 full bathrooms. The living room, dining area, and kitchen feature an open floor plan. Original 1-inch hardwood floors are present beneath the existing carpet. The front yard is landscaped with mature trees, and a paved driveway leads to a two-car garage and a carport with storage. The property is zoned for mixed-use, making it suitable for a variety of residential or commercial purposes. The location offers convenient access to downtown amenities. The property's highway frontage provides visibility and accessibility for a commercial business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnet
    County
    Burnet
    State
    Texas
    Longitude
    -98.2534062
    Latitude
    30.7606412

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    FAQs

    What type of property is this?
    Mixed-use property - 2.99 acres with highway frontage, suitable for commercial or residential.
    Where is this mixed-use property located?
    The property is located at 1918 W Hwy 29 Burnet, 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: Highway Frontage: **193 linear feet of HWY 29 frontage offers maximum exposure for commercial use.**; Mixed‑Use Zoning: Ideal for a variety of residential or commercial purposes.; Size: Almost 3 full acres allowing for plenty of storage or future build outs.
    (512) 755-5880
    We can help!
    Listing Contact
    Kayla Runge
    Kayla Runge
    Real Estate License ID: 0733298
    Learn More
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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.

    More about this property
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