Historic Mixed-Use
For Sale
$625,000
212 Ave N, Marble Falls, TX 78654
Commercial Sale, Marble Falls, TX
Property Size2,908 SF
Lot Size0.42 Acres
Price / SF$214.92
Days on Market169
Property Features for 212 Ave N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC - Mixed
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Parking
12
Directions
Take Highway 71 W to Marble Falls. Exit right on Hwy 281. Take a left onto 2nd Street. Take a right onto Ave N. The property will on the left side.
Standard status
Active
APN
029282
Size
2,908 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
S6130 MARBLE FALLS CITY LOT 8R BLK 212
Legal Description
S6130 MARBLE FALLS CITY LOT 8R BLK 212
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
rear deck
metal building with two bays
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Log
Roof type
Metal
Listing Agency:
HALLMARK LUXURY REAL ESTATE
(512) 750-9737
Listed By:
Stacy Hallmark · License #0692151
(214) 814-8100
Added: Apr 29
Changed: Oct 7
Last Checked: Oct 14 at 7:06PM
MLS# 177726
Copyright © 2026 Highland Lakes Association of Realtors MLS. 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 1940 log property combines a character-rich primary building with adaptable commercial functionality. The 2,908-square-foot structure includes three bedrooms or private offices, two full bathrooms, an open kitchen and living area, hardwood and tile flooring, wood ceilings, built-ins, beadboard details, butcher block countertops, and a recently installed HVAC system. A covered front porch and rear deck extend the usable space.
The approximately 0.42-acre site overlooks a protected greenbelt and Blackbone Creek. A separate metal building contains two bays, each with electricity and air conditioning, creating additional room for offices, workshops, hobbies, or storage. Ample parking accommodates multiple vehicles. The property is served by public water and public sewer and is zoned NC - Mixed. Its Marble Falls setting provides access to downtown, Lake Marble Falls, Lake LBJ, Highway 281, and FM 1431.
The approximately 0.42-acre site overlooks a protected greenbelt and Blackbone Creek. A separate metal building contains two bays, each with electricity and air conditioning, creating additional room for offices, workshops, hobbies, or storage. Ample parking accommodates multiple vehicles. The property is served by public water and public sewer and is zoned NC - Mixed. Its Marble Falls setting provides access to downtown, Lake Marble Falls, Lake LBJ, Highway 281, and FM 1431.
Key Highlights
- 2,908‑square‑foot mixed‑use property on approximately 0.42 acres
- 1940 log construction with hardwood and tile flooring
- Three bedrooms or private offices and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,444
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,880
$588.9K
Cap Rate 7%
$420,629
$420.6K
Cap Rate 9%
$327,156
$327.2K
Market Conditions
NOI Build-Up for 2,908 SF
Gross rent
$52.3K $18.00/SF
− Vacancy
−$5.2K −$1.80/SF
EGI
$47.1K $16.20/SF
− OpEx
−$17.7K −$6.07/SF
NOI
$29.4K $10.13/SF
Area
Burnet County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,880
Cap Rate 7%
$420,629
Cap Rate 9%
$327,156
Alternative Uses
Best Use
Office B
$873.1K
$764.0K – $1.02M
NOI $61,117 @ 7.0% cap · market cap 9.78%
Second Best
Mixed Use
$420.6K
$368.1K – $490.7K
NOI $29,444 @ 7.0% cap · market cap 4.71%
Theoretical Best
Hotel Hospitality
$2.19M
$1.92M – $2.56M
NOI $153,324 @ 7.0% cap · market cap 24.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible layout accommodates residential, office, boutique business, or creative-studio use with additional workspace buildings.
Where is this mixed-use property located?
The property is located at 212 Ave N Marble Falls, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,908‑square‑foot mixed‑use property on approximately 0.42 acres; 1940 log construction with hardwood and tile flooring; Three bedrooms or private offices and two full bathrooms
