Flex Space with 2-Bay
For Sale
$299,900
201 W 9Th St, Burnet, TX 78611
Commercial Sale, Burnet, TX
Property Size3,200 SF
Lot Size0.29 Acres
Price / SF$93.72
Days on Market88
Property Features for 201 W 9Th St
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
North Hwy 281 for 0.7 miles. Turn left onto 9th St. The property will be on your left.
Standard status
Active
APN
083503
Size
3,200 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
S7204 PALM VALLEY LOT 2
Legal Description
S7204 PALM VALLEY LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
Meeting area
Security system
Building Details
Year built
2000
Flooring type
Concrete, Vinyl
Building materials
Steel Frame, Metal Siding
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Kayla Runge
(512) 755-5880
Added: Jul 27
Changed: Oct 22
Last Checked: Oct 22 at 5:06PM
MLS# 178874
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.
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Investment Insights
Based on property information with market context.
Built in 2000, this flex property includes approximately 3,200 SF of workspace and 800 SF of covered storage. The office area has three conditioned offices, a meeting area, and a restroom. A two-bay shop with roll-up doors, multiple secure storage areas, and LED lighting supports a range of work and storage needs. The 0.29-acre site is fenced and gated, with an ADT system and Ring cameras. Public water and sewer serve the property.
The metal-roofed building has a steel frame and metal siding. A new roof and office renovations were completed in 2025. The property is two blocks from Hwy 281 and offers access to Hwy 29. A lease-to-purchase option is available.
The metal-roofed building has a steel frame and metal siding. A new roof and office renovations were completed in 2025. The property is two blocks from Hwy 281 and offers access to Hwy 29. A lease-to-purchase option is available.
Key Highlights
- Approximately 3,200 SF of workspace plus 800 SF of covered storage
- Two‑bay shop with roll‑up doors
- Three conditioned offices, meeting area, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,546
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,920
$550.9K
Cap Rate 7%
$393,514
$393.5K
Cap Rate 9%
$306,067
$306.1K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$47.6K $14.88/SF
− Vacancy
−$5.2K −$1.64/SF
EGI
$42.4K $13.24/SF
− OpEx
−$14.8K −$4.64/SF
NOI
$27.5K $8.61/SF
Area
Burnet County, TX
Vacancy
11.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,920
Cap Rate 7%
$393,514
Cap Rate 9%
$306,067
Alternative Uses
Best Use
Warehouse
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 12.01%
Second Best
Industrial
$423.8K
$370.8K – $494.4K
NOI $29,665 @ 7.0% cap · market cap 9.89%
Theoretical Best
Hotel Hospitality
$2.41M
$2.11M – $2.81M
NOI $168,720 @ 7.0% cap · market cap 56.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78611, TX
14,839
Population
7,417
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
274.1 sq mi
ZIP Area
54
Density / Sq Mi
$78,243
Median Household Income
$40,062
Median Earnings
$1,111
Median Rent
$291,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Potato Haus — 607 e polk st, burnet, tx 78611
- The Silver Lining Mobile Kitchen — 609 E Polk St, Burnet, TX 78611
- CaterRology — 605 N Water St, Burnet, TX 78611
Frequently Asked Questions
What type of property is this?
Flex space - A fenced, gated property pairs office and meeting space with covered storage and a shop equipped with roll-up doors.
Where is this flex space located?
The property is located at 201 W 9Th St Burnet, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 3,200 SF of workspace plus 800 SF of covered storage; Two‑bay shop with roll‑up doors; Three conditioned offices, meeting area, and restroom
