309 E Parsons St, Manor, TX 78653

Building Details

Year Built 2006 More

Owner Occupied Yes More

Listing Agency: Vistas Real Estate

Listed By: Michelle Varela (210) 501-5435 Show Phone

Source: Muzzypropertygroup

Added: Oct 22 Changed: Nov 6 Last Checked: Nov 6 at 3:40PM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a residence with a separate permitted studio intended for business visits. An attached workshop adds space for storage or projects, and parking is available at the front and side. The property was built in 2006 and occupies a corner lot on Manor’s commercial corridor.

The site is within Downtown Tax Increment Reinvestment Zone #2. The City of Manor’s Downtown Master Plan identifies the Parsons Street and Lexington Street area as a priority for future planning and investment.

Key Highlights

• Residence paired with a separate permitted business studio
• Attached workshop provides additional storage or project space
• Corner‑lot property on Manor’s established commercial corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,032

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,640 $440.6K

Cap Rate 7%

$314,743 $314.7K

Cap Rate 9%

$244,800 $244.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,632 SF

Gross rent

$39.2K $24.00/SF

− Vacancy

−$3.9K −$2.40/SF

EGI

$35.3K $21.60/SF

− OpEx

−$13.2K −$8.10/SF

NOI

$22.0K $13.50/SF

Area

Travis County, TX

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,640

Cap Rate 7%

$314,743

Cap Rate 9%

$244,800

Alternative Uses

Best Use

Office B

$555.9K

$486.5K – $648.6K (±1% cap)

NOI $38,916 @ 7.0% cap · market cap 12.98%

Second Best

Mixed Use

$314.7K

$275.4K – $367.2K (±1% cap)

NOI $22,032 @ 7.0% cap · market cap 7.35%

Theoretical Best

Office A

$682.2K

$596.9K – $795.9K (±1% cap)

NOI $47,755 @ 7.0% cap · market cap 15.92%

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

Live-work space

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods HVAC Service Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

145

Businesses Nearby

Explore this area Business Placement

Demographics for 78653, TX

31,167

Population

12,498

Households

2.5

Avg Household Size

33

Median Age

33%

College-Educated

86%

High-School Grad

105.3 sq mi

ZIP Area

296

Density / Sq Mi

$92,799

Median Household Income

$49,082

Median Earnings

$1,602

Median Rent

$328,400

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Travis County, TX

$1,071 Jul

$695 Aug

$642 Sep

$533 Oct

Properties on Market for Mixed-use properties in Travis County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

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Mixed-Use Property with Storage Space

18410 FM 969, Manor, TX 78621

Contact for pricing

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Historic Manor Property For Sale

709 Lexington St, Manor, TX 78653

$1,650,000

3,778 SF

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A permitted studio, attached workshop, and residence provide distinct spaces for work and daily living.

Where is this mixed-use property located?

The property is located at 309 E Parsons St Manor, TX.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: Residence paired with a separate permitted business studio; Attached workshop provides additional storage or project space; Corner‑lot property on Manor’s established commercial corridor