Mixed-Use Property on Main
312 Main St, Smithville, TX 78957
Call to check price and availability
Mixed-use building with office spaces and apartment in Smithville.
Type:Office
Property size:
1,286 SFPrice / SF:
$384/SF- Added:
- Mar 13, 2026
- Days on Market:
- 82
- Last Refresh:
- Mar 19 at 11:21 pm
Property Features for 312 Main St
General Information
- Standard status
- Active
- Size
- 1,286 SF
- Property subtype
- Office
Building Details
- Year Built
- 2012
Listing agent Sheila Tamble License #0556789
Listing office Tamble Realty, LLC (512) 567-3635
Listing date Mar 13, 2026
Source Crexi
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 Tamble Realty, LLC
HighLights
- Prime Main Street location offers high visibility and accessibility.
- Income‑generating property with two leased office spaces.
- Includes a vacant 2/1 apartment, providing immediate rental income potential or owner occupancy.
- Apartment previously rented for $1,500/month, demonstrating strong rental value.
- Apartment has potential for short‑term rental (Air BnB).
- Walking distance to essential amenities (banks, PO, library, parks, shops, restaurants).
Overview
Located on Main Street, this mixed-use property features two office spaces and a 2-bedroom, 1-bathroom apartment. The office spaces are currently leased. The apartment is vacant, offering flexibility for the new owner to determine its future use. Previously, the apartment was rented for $1,500 per month plus utilities and also used as an Air BnB for a few months. Apartment parking is available at the back of the building. The property is within walking distance of banks, the post office, the library, parks, shops, and restaurants. The building has a total size of 1286 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $42.00 |
| − Vacancy | −$13.1k | −$10.21 |
| EGI | $40.9k | $31.79 |
| − OpEx | −$10.2k | −$7.95 |
| NOI | $30.7k | $23.85 |
1,286 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$438.1K
$383.3K – $511.1K
NOI $30,665 @ 7.0% cap · market cap 6.19%
Second Best
Mixed Use
$303.1K
$265.2K – $353.7K
NOI $21,219 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$503.9K
$441.0K – $587.9K
NOI $35,276 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Smithville
- County
- Bastrop
- State
- Texas
- Longitude
- -97.1590771
- Latitude
- 30.0088462
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with office spaces and apartment in Smithville.
Where is this mixed-use property located?
The property is located at 312 Main St Smithville, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Prime Main Street location offers **high visibility and accessibility**.; Income‑generating property with two leased office spaces.; Includes a vacant 2/1 apartment, providing immediate rental income potential or owner occupancy.
