Remodeled Commercial Property in Burnet,
205 S Pierce St, Burnet, TX 78611
SINGLE_FAMILY - Burnet, TX
Type:Office
Property size:
5,768 SFLot size:
0.28 AcresPrice / SF:
$312/SF- Added:
- Apr 19, 2024
- Days on Market:
- 765
- Last Refresh:
- May 23 at 4:06 pm
Property Features for 205 S Pierce St
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- com
- Security features
- Security
- Interior features
- Storage
- Exterior features
- Storage
- Standard status
- Active
- APN
- 35398
- Size
- 5,768 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S7150 PETER KERR PORTION LOT PT OF 4 BLK 7
- Tax Annual Amount
- 5470
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Flooring type
- Carpet, Tile, Vinyl
- Building materials
- BlownInInsulation, Frame, Masonry, StoneVeneer, Stucco
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Kayla Runge License #0733298 (512) 755-5880
Listing office eXp Realty LLC 1431 Greenway Drive, Austin, TX (888) 519-7431
Listing date Apr 19, 2024
MLS# 538284
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.
HighLights
- Meticulously remodeled commercial property with modern finishes.
- High 95% occupancy rate showcasing income potential.
- Prime location on the historic square in downtown Burnet, offering high visibility.
- Features 14 offices across 5768 square feet.
- Includes a spacious conference room and breakfast bar area.
- Located in Burnet, Texas, a burgeoning market with limited commercial space.
Overview
This meticulously remodeled commercial property is located in the heart of Burnet, Texas. The property features 14 offices within its 5768 square feet. Situated on the historic square in downtown Burnet, the building offers high visibility and accessibility. The property has been recently remodeled down to the studs, with comprehensive renovations and modern finishes. Amenities include community restrooms, a spacious conference room, and a breakfast bar area equipped with a sink, mini fridge, and microwave. Currently at 95% occupancy, the property is suitable for businesses looking to establish themselves in Burnet's market. Located on a 0.2775-acre lot, this property presents an investment opportunity in a growing community.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.35M
NOI $121,225 @ 9.00% cap · cautious / downside scenario
Moderate
$1.73M
NOI $121,225 @ 7.00% cap · market / base-case scenario
Aggressive
$2.42M
NOI $121,225 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| 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 Use Scenarios
Best Use
Office B
$1.73M
$1.52M – $2.02M
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
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
Location Insight
- Map
- Local Demand
- City
- Burnet
- County
- Burnet
- State
- Texas
- Longitude
- -98.2267449
- Latitude
- 30.759773
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Meticulously remodeled commercial property with 14 offices in 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 modern finishes.; High 95% occupancy rate showcasing income potential.; Prime location on the historic square in downtown Burnet, offering high visibility.
