Two-Bay Shop Flex
For Sale
$299,900
201 W 9th Street, Burnet, TX 78611
CommercialSale, Burnet, TX
Property Size4,000 SF
Lot Size0.28 Acres
Price / SF$93.72
Days on Market88
Property Features for 201 W 9th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Carport, Open
Exterior features
Lighting
Subdivision
Palm Valley
Lot features
Corner Lot, City Lot, Level, Mature Trees, Quarter To Half Acre Lot
Elementary school
RJ Richy Elementary School
Middle school
Burnet Middle School
High school
Burnet High School
Elementary school district
Burnet Consolidated ISD
Middle school district
Burnet Consolidated ISD
High school district
Burnet Consolidated ISD
Directions
North Hwy 281 for 0.7 miles. Turn left onto 9th St. The property will be on your left.
Standard status
Active
APN
83503
Size
3,200 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
S7204 PALM VALLEY LOT 2
Tax Annual Amount
2950
Legal Description
S7204 PALM VALLEY LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Electric
Water source
Public
Amenities
conditioned offices
meeting area
restroom
LED lighting
secure storage areas
two-bay shop
ADT system
Ring cameras
Building Details
Year built
2000
Floors in Building
1
Flooring type
Concrete, Vinyl
Building materials
MetalFrame, MetalSiding, SteelFrame
Roof type
Metal
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Kayla Runge · License #0733298
(512) 755-5880
Added: Jul 27
Changed: Oct 22
Last Checked: Oct 22 at 4:06PM
MLS# 619684
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property on a 0.2847-acre site includes approximately 3,200 SF of workspace and 800 SF of covered storage. The interior has three conditioned offices, a meeting area, a restroom, LED lighting and secure storage areas. A two-bay shop with roll-up doors supports work and storage functions. The property is fully fenced and gated, with an ADT system and Ring cameras. Public water and sewer serve the site.
A new roof and office renovations were completed in 2025. The building dates to 2000 and is located two blocks from Hwy 281, with Hwy 29 also nearby. A lease-to-purchase option is available for qualified business owners.
A new roof and office renovations were completed in 2025. The building dates to 2000 and is located two blocks from Hwy 281, with Hwy 29 also nearby. A lease-to-purchase option is available for qualified business owners.
Key Highlights
- 0.2847‑acre site
- Approximately 3,200 SF of workspace plus 800 SF of covered storage
- Three conditioned offices, a meeting area and a 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The gated property pairs office and meeting areas with shop space and covered storage for a range of business operations.
Where is this flex space located?
The property is located at 201 W 9th Street 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: 0.2847‑acre site; Approximately 3,200 SF of workspace plus 800 SF of covered storage; Three conditioned offices, a meeting area and a restroom
