Building Details

Year Built 1975

Listing Agency: That Realty Place

Listed By: Lissa Polmanteer (254) 238-8470 · License #0570517 Show Phone

Source: Allcentraltxhomesforsale

Added: Oct 25 Changed: Oct 28 Last Checked: Oct 28 at 3:03PM

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Investment Insights

Based on property information with market context.

Set on 1.03 acres, this 2,790-square-foot automotive property is currently used as a dealership. The 1975 building contains office space and a bay door, with a fenced area providing secured outdoor storage. A 10-ton AC system was installed in 2018.

The property is 0.2 miles from Highway 190 and includes both the building and its surrounding land.

Key Highlights

• 2,790‑square‑foot building on 1.03 acres
• Currently utilized as a dealership, with office space and a bay door
• Fenced outdoor storage area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,185

Cap Rate

8.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$663,700 $663.7K

Cap Rate 7%

$474,071 $474.1K

Cap Rate 9%

$368,722 $368.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,790 SF

Gross rent

$50.2K $18.00/SF

− Vacancy

−$2.8K −$1.01/SF

EGI

$47.4K $16.99/SF

− OpEx

−$14.2K −$5.10/SF

NOI

$33.2K $11.89/SF

Area

Lampasas County, TX

Vacancy

5.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$663,700

Cap Rate 7%

$474,071

Cap Rate 9%

$368,722

Alternative Uses

Best Use

Retail

$474.1K

$414.8K – $553.1K (±1% cap)

NOI $33,185 @ 7.0% cap · market cap 8.40%

Second Best

Industrial

$251.8K

$220.3K – $293.7K (±1% cap)

NOI $17,624 @ 7.0% cap · market cap 4.46%

Theoretical Best

Office A

$670.1K

$586.4K – $781.8K (±1% cap)

NOI $46,909 @ 7.0% cap · market cap 11.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Automotive properties

Suggested Use

Top Pick HVAC Service Auto Parts Store Storage Facility Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 76539, TX

8,960

Population

3,718

Households

2.4

Avg Household Size

45

Median Age

23%

College-Educated

93%

High-School Grad

121.1 sq mi

ZIP Area

74

Density / Sq Mi

$95,899

Median Household Income

$42,538

Median Earnings

$1,354

Median Rent

$255,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Automotive property - The dealership-configured building has office space, a bay door and a secured outdoor storage area.

Where is this automotive property located?

The property is located at 298 Pecan St Kempner, TX.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 2,790‑square‑foot building on 1.03 acres; Currently utilized as a dealership, with office space and a bay door; Fenced outdoor storage area