Office Suite with Shared
For Sale
Contact for pricing
205 S Pierce St, Burnet, TX 78611
A private workspace in downtown Burnet includes access to shared conference and break-room facilities.
Property Size1,880 SF
Price / SF$0.48
Days on Market33
Property Features for 205 S Pierce St
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Property Use
Office
Amenities
conference room
restrooms
kitchenette/break room
keyless entry
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Kayla Runge · License #0733298
(512) 755-5880
Source:
Crossingsrealestate
Added: Sep 30
Changed: Oct 31
Last Checked: Oct 31 at 2:15PM
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
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Investment Insights
Based on property information with market context.
This office suite offers approximately 266 sq ft of private workspace in a remodeled building constructed in 1940. Shared facilities include a conference room, restrooms, and a kitchenette and break room. Keyless entry provides tenant access to the building at all times, while public access is limited to normal business hours. The space is available February 1, 2027.
The building is at 205 S Pierce St on Burnet’s Historic Square in downtown Burnet.
The building is at 205 S Pierce St on Burnet’s Historic Square in downtown Burnet.
Key Highlights
- Approximately 266 sq ft of private office space
- Shared conference room, restrooms, and kitchenette/break room
- Keyless entry; tenant building access at all times
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,512
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,240
$790.2K
Cap Rate 7%
$564,457
$564.5K
Cap Rate 9%
$439,022
$439.0K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$63.2K $33.60/SF
− Vacancy
−$10.5K −$5.58/SF
EGI
$52.7K $28.02/SF
− OpEx
−$13.2K −$7.01/SF
NOI
$39.5K $21.02/SF
Area
Burnet County, TX
Vacancy
16.60%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,240
Cap Rate 7%
$564,457
Cap Rate 9%
$439,022
Alternative Uses
Best Use
Office B
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 4,390.22%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.42M
$1.24M – $1.65M
NOI $99,123 @ 7.0% cap · market cap 11,013.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private workspace in downtown Burnet includes access to shared conference and break-room facilities.
Where is this office unit located?
The property is located at 205 S Pierce St Burnet, TX.
What are key features of this property?
This property features: Approximately 266 sq ft of private office space; Shared conference room, restrooms, and kitchenette/break room; Keyless entry; tenant building access at all times
