Flex Space With Two-Bay
For Sale
$325,000
201 W 9th Street, Burnet, TX 78611
CommercialSale, Burnet, TX
Property Size3,200 SF
Lot Size0.28 Acres
Price / SF$101.56
Days on Market43
Property Features for 201 W 9th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Carport, Garage, 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
2920
Legal Description
S7204 PALM VALLEY LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Window Unit(s)
Water source
Public
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: Sep 5
Last Checked: Sep 7 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This flex space includes approximately 3,200 SF of workspace along with 800 SF of covered storage. The interior configuration features three conditioned offices, a meeting area, restroom, LED lighting, and multiple secure storage areas. A two-bay shop with roll-up doors supports shop, storage, and service-oriented operations. Concrete and vinyl flooring, electric heating, electric and window-unit cooling, and a metal roof are among the existing improvements. The property was built in 2000, with office renovations and a new roof completed in 2025.
Set on 0.2847 acres at 201 W 9th Street, the fully fenced and gated site includes garage, open, and carport parking features, along with public water and public sewer. The property is two blocks from Hwy 281, near downtown Burnet, and convenient to Hwy 29. An ADT system and Ring cameras are also in place.
Set on 0.2847 acres at 201 W 9th Street, the fully fenced and gated site includes garage, open, and carport parking features, along with public water and public sewer. The property is two blocks from Hwy 281, near downtown Burnet, and convenient to Hwy 29. An ADT system and Ring cameras are also in place.
Key Highlights
- Approximately 3,200 SF of flexible workspace
- 800 SF of covered storage
- Three conditioned offices, meeting area, restroom, and secure storage areas
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
$29,665
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
9.13%
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%
$593,300
$593.3K
Cap Rate 7%
$423,786
$423.8K
Cap Rate 9%
$329,611
$329.6K
Market Conditions
NOI Build-Up for 3,200 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
$47.6K $14.88/SF
− Vacancy
−$5.2K −$1.64/SF
EGI
$42.4K $13.24/SF
− OpEx
−$12.7K −$3.97/SF
NOI
$29.7K $9.27/SF
Area
Burnet County, TX
Vacancy
11.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
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%
$593,300
Cap Rate 7%
$423,786
Cap Rate 9%
$329,611
Alternative Uses
Best Use
Warehouse
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 11.08%
Second Best
Industrial
$423.8K
$370.8K – $494.4K
NOI $29,665 @ 7.0% cap · market cap 9.13%
Theoretical Best
Hotel Hospitality
$2.41M
$2.11M – $2.81M
NOI $168,720 @ 7.0% cap · market cap 51.91%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial facility combines offices, meeting space, covered storage, and a shop for flexible 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 $325,000.
What are key features of this property?
This property features: Approximately 3,200 SF of flexible workspace; 800 SF of covered storage; Three conditioned offices, meeting area, restroom, and secure storage areas
