Commercial-Zoned Residential Income
201 County Road 279 Liberty Hill, TX 78642
New
201 County Road 279, Liberty Hill, TX, 78642
$399,000
For Sale
$399,000
SINGLE_FAMILY - Liberty Hill, TX
Property Size984 SF
Lot Size0.47 Acres
Price / SF$405.49
Days on Market4
Property Features for 201 County Road 279
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C2
- Standard status
- Active
- APN
- R022024
- Size
- 984 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- AW0233 AW0233 - FIELD, H. SUR., ACRES 0.47
- Tax Annual Amount
- 9111
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Flooring type
- Laminate
- Building materials
- Masonry
Listing Agency
First in Real Estate
(512) 801-8619
5514 Westerham Pl DR: Katie Kossev, Houston, TX
Listed by
Jonathan Branigan · License #0489225
(512) 801-8619
Added: Jul 14 Checked: Jul 17 at 5:06 pm
MLS# 619644
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recently updated 2-bedroom, 1-bath property offers a residence today and flexibility for future use. The offering includes a spacious lot, with no HOA and no deed restrictions per the public remarks, giving room for additional improvements, parking, or expansion.
The property is located just minutes from downtown Liberty Hill in Williamson County. It is served by C-2 zoning, and the public remarks note that converting the existing structure to office or other commercial use may require approval, permitting, and improvements through the City of Liberty Hill. Buyer verification is recommended for any intended uses.
At the same time, the current configuration provides a straightforward residential setup while maintaining the commercial zoning option for buyers who want to explore alternate directions for the site.
The property is located just minutes from downtown Liberty Hill in Williamson County. It is served by C-2 zoning, and the public remarks note that converting the existing structure to office or other commercial use may require approval, permitting, and improvements through the City of Liberty Hill. Buyer verification is recommended for any intended uses.
At the same time, the current configuration provides a straightforward residential setup while maintaining the commercial zoning option for buyers who want to explore alternate directions for the site.
Key Highlights
- 2‑bedroom, 1‑bath home with recent updates
- C‑2 commercial zoning with flexible residential or commercial use potential (buyer to verify intended uses)
- No HOA and no deed restrictions
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $29.40 |
| − Vacancy | −$1.5k | −$1.53 |
| EGI | $27.4k | $27.87 |
| − OpEx | −$12.3k | −$12.54 |
| NOI | $15.1k | $15.33 |
984 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$215.5K
$188.6K – $251.4K
NOI $15,084 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.3K
$359.9K – $479.9K
NOI $28,794 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Updated 2-bed, 1-bath home on a large lot with C-2 zoning, suited for residential or flexible commercial possibilities.
Where is this single family property located?
The property is located at 201 County Road 279 Liberty Hill, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath home with recent updates; C‑2 commercial zoning with flexible residential or commercial use potential (buyer to verify intended uses); No HOA and no deed restrictions
