Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220 Hwy 261 Kingsland, TX 78639

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $149,900

    Adaptable commercial building suitable for office, retail, or other uses.

    Type:Business Opportunities
    Property size:
    1,852 SF
    Added:
    Dec 28, 2023
    Days on Market:
    840
    Last Refresh:
    Apr 1 at 8:55 pm

    Property Features for 220 Hwy 261

    General Information

    Standard status
    Active
    Size
    1,852 SF
    Property subtype
    Business Opportunities

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Ruzicka Real Estate

    Listing agent Ruzicka Real Estate

    Listing office

    Listing date Dec 28, 2023

    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 Ruzicka Real Estate

    Overview

    Versatile Commercial Building in Kingsland

    This 1,852 square foot commercial building is located in the lake area and offers excellent visibility on main roadways. The property is suitable for office, retail, or other purposes. The building's open layout and lack of zoning provide flexibility for various business uses.
    Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Map

    City
    Kingsland
    County
    Llano
    State
    Texas
    Longitude
    -98.4512
    Latitude
    30.6735

    Nearby Similar for Sale

    • $250,000

      Kingsland Commercial Property with RR 1431 Frontage

      Metal building with drains, concrete flooring, fenced lot.
      201 CR 126A, Kingsland, TX 78639
      View Details
    • $995
      962 SF

      Kingsland Duplex For Sale

      Affordable Kingsland duplex with central heat and air.
      2403 Ridgeview, Kingsland, TX 78639
      View Details
    • $3,995,000
      1,200 SF

      Kingsland Duplex Portfolio Investment

      Ten-duplex portfolio in Kingsland, TX, near Lake LBJ.
      1-10 Waco St, Kingsland, TX 78639
      View Details
    • $165,000
      868 SF

      Kingsland Home on Four Lots

      Home on 0.46 acres with investment potential in Kingsland.
      919 Austin St, Kingsland, TX 78639
      View Details
    • $8,591,500

      Kingsland Golf Course Opportunity

      160-acre golf course with development potential in Kingsland, TX.
      118 Club Circle, Kingsland, TX 78639
      View Details
    • $2,125,000

      Turnkey Mobile Home Park Investment

      Mobile home park with 14 homes and 2 cabins.
      1-16 Odessa St, Kingsland, TX 78639
      View Details
    • $25,000

      Affordable Land in Kingsland, Texas

      Lot for sale in Kingsland, near Lake LBJ.
      353 Anson, Kingsland, TX 78639
      View Details
    • $350,000

      Kingsland Commercial Property with Home

      Commercial building with auto lifts and adjoining residential home/office.
      570 Poncho Street, Kingsland, TX 78639
      View Details
    • $350,000
      3,200 SF

      Kingsland Auto Shop with Home

      Auto shop with living quarters/office in Kingsland, TX for sale.
      570 Poncho St, Kingsland, TX, 78639-4555
      View Details
    • $350,000
      3,200 SF

      Metal Building with Home/Office

      3200 SF metal building with adjoining home/office.
      570 Poncho St, Kingsland, TX 78639
      View Details
    • $225,500

      Lake LBJ Marina Homesite

      Lakefront development with marina, STRs allowed, owner financing.
      20 AQUA WAY, Kingsland, TX 78639
      View Details

    FAQs

    What type of property is this?
    Office property - Adaptable commercial building suitable for office, retail, or other uses.
    Where is this office property located?
    The property is located at 220 Hwy 261 Kingsland, TX.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: No zoning restrictions offer versatile usage options; Large open building provides flexible space; Excellent visibility on main roadways
    (512) 266-9995
    We can help!
    Listing Contact
    Ruzicka Real Estate
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!