Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multi-Unit Investment Opportunity in Bastrop Title is generated by Realmo AI

    251 Zimmerman Ave A, Bastrop, TX 78602

    View on Map
    Claim this Listing
    For Sale
    $1,360,000

    Multiple units for sale in Bastrop, Texas.

    Type:Commercial
    Lot size:
    0.30 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    189
    Last Refresh:
    May 11 at 12:57 am

    Property Features for 251 Zimmerman Ave A

    General Information

    Standard status
    Active
    Lot size
    0.30 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Laura Munos

    Listing agent Laura Munos License #0655390

    Listing office Heart of the Pines Real Estate

    Listing date Nov 27, 2025

    Source Elliman

    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 Heart of the Pines Real Estate

    HighLights

    • Multiple Units: Portfolio includes a 4‑plex and two duplexes.
    • Income Potential: Currently generating rental income from multiple units.
    • Duplex Features: Each duplex unit (1,100 sq ft) includes 3 bedrooms, 2 bathrooms, central air and heat, dishwasher, stove, W/D connections, and a fenced backyard.
    • Fourplex Amenities: Each unit (576 sq ft) includes 2 bedrooms, 1 bathroom, refrigerators, dishwashers, and stoves.
    • Year Built: Constructed in 2004.
    • Included Services: Rents include water and lawn service.

    Overview

    This offering includes a fourplex located at 251 Zimmerman and two duplexes located at 261 and 263 Zimmerman. The fourplex consists of four units, each with two bedrooms and one bathroom, and a living space of 576 square feet. Unit A and Unit C are currently vacant. Unit B is leased for $900 per month with a deposit of $1,225, and Unit D is leased for $1,075 per month with a deposit of $1,050. The duplexes each contain two units with three bedrooms, two bathrooms, and 1,100 square feet of living space. At 261 Zimmerman, Unit A is leased for $1,300 per month with a deposit of $1,300, and Unit B is leased for $1,155 per month with a deposit of $1,495. At 263 Zimmerman, Unit A is leased for $1,155 per month with a deposit of $1,545, and Unit B is leased for $1,155 per month with a deposit of $950. Rents include water and lawn service. The duplexes feature central air and heat, dishwashers, stoves, washer and dryer connections, and fenced backyard areas. The fourplex units are equipped with window units, stackable washer and dryers in some units, refrigerators, dishwashers, and stoves. The owner prefers to sell all properties together.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom HVAC Service Discount Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3002178
    Latitude
    30.1992951

    Nearby Similar for Sale

    • $500,000
      3,600 SF

      Income-Producing Duplex in Tahitian Village

      Duplex in Bastrop's Tahitian Village, ideal for investors or owner-occupants.
      119 N Kanaio Drive, Bastrop, TX 78602
      View Details
    • $675,000
      3,222 SF

      Riverfront Estate with Income Potential

      Private riverfront retreat with versatile living, hosting, and investment options.
      315 Riverwood Drive, Bastrop, TX 78602
      View Details
    • $1,700,000
      1,796 SF

      Bastrop Farm and Ranch Property

      121-acre farm with home, pastures, creek, and wildlife exemption.
      158 #C Synergy Drive, Bastrop, TX 78602
      View Details
    • $698,000

      Bastrop Riverfront Multi-Unit Property

      Private riverfront estate ideal for living, hosting, or investing.
      315 River wood Dr, Bastrop, TX 78602
      View Details
    • $1,325,000

      Highway Frontage Property For Sale

      Highway frontage property available for purchase.
      1045 Highway 71 W, Bastrop, TX, 78602-3179
      View Details
    • $1,325,000

      Bastrop Specialty Property For Sale

      Specialty property available for purchase in Bastrop, Texas.
      1045 State Highway 71 W, Bastrop, TX 78602
      View Details
    • $4,750,000

      93.6 Acres Ranch on Hwy 71

      93.6 acres with rolling hills, live oaks, and pecan trees.
      Bastrop, TX 78057
      View Details
    • Contact for pricing

      Bastrop County Multifamily Investment Opportunity

      Income-producing multifamily property with additional revenue opportunities in Bastrop County.
      120 Pine Hill Loop, Bastrop, TX 78602
      View Details
    • Contact for pricing
      18,376 SF

      Bastrop Retail Space For Lease

      Retail space available in Bastrop, near Austin and major routes.
      SWC FM 969 & Sam Houston Dr, Bastrop, TX
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multiple units for sale in Bastrop, Texas.
    Where is this multifamily property located?
    The property is located at 251 Zimmerman Ave A Bastrop, TX.
    What is the asking price?
    The asking price for this property is $1,360,000.
    What are key features of this property?
    This property features: Multiple Units: Portfolio includes a 4‑plex and two duplexes.; Income Potential: Currently generating rental income from multiple units.; Duplex Features: Each duplex unit (1,100 sq ft) includes 3 bedrooms, 2 bathrooms, central air and heat, dishwasher, stove, W/D connections, and a fenced backyard.
    (512) 705-0420
    We can help!
    Listing Contact
    Laura Munos
    Real Estate License ID: 0655390
    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

    Thank You for Inquiry
    251 Zimmerman Ave A, Bastrop, TX 78602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!