Commercial Land in Georgetown
For Sale
Contact for pricing
1957 Co Rd 107, Hutto, TX 78634
Land with commercial potential near Texas State University.
Property Size4,779 SF
Price / SF$272.02
Days on Market855
Property Features for 1957 Co Rd 107
General Information
Standard status
Active
Size
4,779 SF
Property subtype
Industrial, Land, Mixed Use, Office, Special Purpose
Zoning
NZ
Listing Agency:
Moteeva
Listed By:
Mo Sheikh · License #0558184
Source:
Crexi
Added: Apr 6, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:18AM
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 Moteeva
Investment Insights
Based on property information with market context.
This property, located in the Georgetown Extraterritorial Jurisdiction (ETJ), presents commercial potential within a rapidly expanding industrial area. The property includes a residential structure converted for commercial use, featuring 7 rooms, 5 baths, two lounges, a break room, a kitchen, and a work shed equipped with 30- and 50-amp outlets. Potential uses include an office building with yard space, auto sales, an auto workshop, a tow yard, a landscaping or granite business, an assisted living or hospice care facility, or a neighborhood bar and lounge with a pool and patio. The property is located approximately 5 miles from Texas State University, Austin Community College (ACC), and Ascension Seton Hospital, and is near the Teravista, Vizcaya and Paloma Lake neighborhoods. The future land use map designates this area as an "Employment Center," earmarking it for commercial or industrial use. Utility services include water from Jonah Water SUD, an onsite septic system, and electric service by Oncore. The property is also equipped with industrial-grade solar panels. The property size is 4779 square feet. There is a conceptual plan for sewer service expansion by the City of Round Rock.
Key Highlights
- Located in Georgetown ETJ with no zoning restrictions, ideal for commercial/industrial use.
- Residential structure converted for commercial use with 7 rooms, 5 baths, 2 lounges, break room, kitchen, and work shed.
- Proximity to Texas State University, Austin Community College (ACC), Ascension Seton Hospital, and established neighborhoods.
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
$113,958
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
8.77%
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%
$2,279,160
$2.3M
Cap Rate 7%
$1,627,971
$1.6M
Cap Rate 9%
$1,266,200
$1.3M
Market Conditions
NOI Build-Up for 4,779 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
$200.7K $42.00/SF
− Vacancy
−$48.8K −$10.21/SF
EGI
$151.9K $31.79/SF
− OpEx
−$38.0K −$7.95/SF
NOI
$114.0K $23.85/SF
Area
Williamson 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%
$2,279,160
Cap Rate 7%
$1,627,971
Cap Rate 9%
$1,266,200
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,958 @ 7.0% cap · market cap 8.77%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,150 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,842 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 78634, TX
37,951
Population
15,322
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
56.4 sq mi
ZIP Area
673
Density / Sq Mi
$111,227
Median Household Income
$52,649
Median Earnings
$2,024
Median Rent
$334,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Land with commercial potential near Texas State University.
Where is this commercial land located?
The property is located at 1957 Co Rd 107 Hutto, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Located in Georgetown ETJ with no zoning restrictions, ideal for commercial/industrial use.; Residential structure converted for commercial use with 7 rooms, 5 baths, 2 lounges, break room, kitchen, and work shed.; Proximity to Texas State University, Austin Community College (ACC), Ascension Seton Hospital, and established neighborhoods.
