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Remodeled Office Building in Burnet

205 S Pierce St, Burnet, TX 78611

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For Sale

$1,800,000

Meticulously remodeled commercial property in the heart of Burnet, Texas.

Type:Office

Property size:

5,768 SF

Price / SF:

$312/SF

HighLights

Meticulously remodeled commercial property with sleek, modern finishes and state‑of‑the‑art facilities.
Located on the historic square in downtown Burnet, offering unrivaled visibility and accessibility.
High occupancy rate (95%) demonstrating strong tenant demand.
Features 14 offices within 5768 square feet.
Includes a spacious conference room and a breakfast bar area.
Offers 16 parking spaces for convenient access.

We can help!

Listing Contact

Kayla Runge

For Sale

$1,800,000

Meticulously remodeled commercial property in the heart of Burnet, Texas.

Type:Office

Property size:

5,768 SF

Price / SF:

$312/SF

Added:: Apr 21, 2024
Days on Market:: 780
Last Refresh:: May 13 at 8:31 pm

Property Features for 205 S Pierce St

General Information

Standard status: Active
Size: 5,768 SF
Property subtype: Office

Building Details

Year Built: 1940

We can help!

Listing Contact

Kayla Runge

Listing agent Kayla Runge

Listing office eXp Realty, LLC

Listing date Apr 21, 2024

Source Xome

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 eXp Realty, LLC

HighLights

Meticulously remodeled commercial property with sleek, modern finishes and state‑of‑the‑art facilities.
Located on the historic square in downtown Burnet, offering unrivaled visibility and accessibility.
High occupancy rate (95%) demonstrating strong tenant demand.
Features 14 offices within 5768 square feet.
Includes a spacious conference room and a breakfast bar area.
Offers 16 parking spaces for convenient access.

Overview

This commercial property is located in Burnet, Texas. The building has been remodeled and contains 14 offices within its 5768 square feet. The property is located in the historic downtown area. The building was recently remodeled down to the studs. Community restrooms are available for all tenants. A conference room provides a space for meetings. A breakfast bar area includes a sink, mini fridge, and microwave. The property is located on the historic square in downtown Burnet. The property is 95% occupied. The property presents an investment opportunity for portfolio expansion or business establishment.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$193.8k	$33.60
− Vacancy	−$32.2k	−$5.58
EGI	$161.6k	$28.02
− OpEx	−$40.4k	−$7.01
NOI	$121.2k	$21.02

5,768 SF · lease $33.60/SF/yr · vacancy 16.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,225 @ 7.0% cap · market cap 6.73%

Second Best

—

no second resolved use

Theoretical Best

Hotel Hospitality

$4.34M

$3.80M – $5.07M (±1% cap)

NOI $304,118 @ 7.0% cap · market cap 16.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

ST Insurance Group Insurance Agency Peace of Mind Wellness ... Crisis Center Attorney Brian White ... Law Firm Kayla Runge Real Estate Agency Kickstart Kids Speech ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Burnet
County: Burnet
State: Texas
Longitude: -98.2267449
Latitude: 30.759773

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For sale
Office buildings
TX
Burnet
78611
205 S Pierce St

What type of property is this?

Office building - Meticulously remodeled commercial property in the heart of Burnet, Texas.

Where is this office building located?

The property is located at 205 S Pierce St Burnet, TX.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Meticulously remodeled commercial property with sleek, modern finishes and state‑of‑the‑art facilities.; Located on the historic square in downtown Burnet, offering unrivaled visibility and accessibility.; High occupancy rate (95%) demonstrating strong tenant demand.