Office-Retail Flex
For Sale
$375,000
301 Bishop St, Smithville, TX 78957
Adaptable commercial space with a private office, customer-facing area, breakroom, and on-site parking.
Property Size1,500 SF
Price / SF$250
Days on Market79
Property Features for 301 Bishop St
General Information
Standard status
Active
Size
1,500 SF
Amenities
Private Office
Reception/Showroom
Breakroom
Building Details
Year Built
1981
Listing Agency:
Harrison-Pearson Assoc. Inc
Listed By:
Sam Pritchard
(512) 332-1864
Source:
Olverabolton
Added: Jul 28
Changed: Oct 10
Last Checked: Oct 7 at 5:13PM
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 Harrison-Pearson Assoc. Inc
Investment Insights
Based on property information with market context.
This 1,500-square-foot flex space, built in 1981, combines office and retail functionality in a practical commercial layout. The interior includes a private office, reception/showroom area, and breakroom, supporting both administrative work and customer-facing operations.
Located at 301 Bishop St in Smithville, Texas, the property includes ample parking. Its configuration provides a straightforward setting for an owner-user or operator seeking combined office and retail space.
Located at 301 Bishop St in Smithville, Texas, the property includes ample parking. Its configuration provides a straightforward setting for an owner-user or operator seeking combined office and retail space.
Key Highlights
- 1,500 SF flex space combining office and retail functionality
- Private office included in the interior layout
- Reception/showroom area for customer‑facing operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,412
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,240
$528.2K
Cap Rate 7%
$377,314
$377.3K
Cap Rate 9%
$293,467
$293.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$37.7K $25.15/SF
− OpEx
−$11.3K −$7.55/SF
NOI
$26.4K $17.61/SF
Area
Bastrop County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,240
Cap Rate 7%
$377,314
Cap Rate 9%
$293,467
Alternative Uses
Best Use
Office B
$511.0K
$447.1K – $596.1K
NOI $35,768 @ 7.0% cap · market cap 9.54%
Second Best
Retail
$377.3K
$330.2K – $440.2K
NOI $26,412 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$587.8K
$514.3K – $685.8K
NOI $41,146 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78957, TX
10,214
Population
4,743
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
177.1 sq mi
ZIP Area
58
Density / Sq Mi
$62,796
Median Household Income
$39,731
Median Earnings
$1,169
Median Rent
$246,500
Median Home Value
Check the figures for this property
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?
Flex space - Adaptable commercial space with a private office, customer-facing area, breakroom, and on-site parking.
Where is this flex space located?
The property is located at 301 Bishop St Smithville, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,500 SF flex space combining office and retail functionality; Private office included in the interior layout; Reception/showroom area for customer‑facing operations
