Mixed-Use Building with
For Sale
$450,000
312 Main St, Smithville, TX 78957
Two office suites are leased, while the two-bedroom, one-bath apartment is vacant.
Property Size1,286 SF
Price / SF$349.92
Days on Market8
Property Features for 312 Main St
General Information
Standard status
Active
Size
1,286 SF
Units
Unit Mix
1 x 2/1
Multifamily Units
1
Office Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
2010
Buildings
1
Listing Agency:
Tamble Realty
Listed By:
Sheila Tamble · License #0556789
(512) 567-3635
Source:
Olverabolton
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 7 at 1:37PM
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
Investment Insights
Based on property information with market context.
This 1,286-square-foot mixed-use property combines two office spaces with a 2/1 apartment. Both office spaces are leased; the apartment is vacant. The building dates to 2010, and apartment parking is located behind the property.
At 312 Main St in Smithville, the property is within walking distance of banks, a post office, gyms, a library, restaurants, and shops.
At 312 Main St in Smithville, the property is within walking distance of banks, a post office, gyms, a library, restaurants, and shops.
Key Highlights
- 1,286‑square‑foot mixed‑use property
- Two office spaces are leased
- Vacant 2/1 apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,665
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,300
$613.3K
Cap Rate 7%
$438,071
$438.1K
Cap Rate 9%
$340,722
$340.7K
Market Conditions
NOI Build-Up for 1,286 SF
Gross rent
$54.0K $42.00/SF
− Vacancy
−$13.1K −$10.21/SF
EGI
$40.9K $31.79/SF
− OpEx
−$10.2K −$7.95/SF
NOI
$30.7K $23.85/SF
Area
Bastrop County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,300
Cap Rate 7%
$438,071
Cap Rate 9%
$340,722
Alternative Uses
Best Use
Office B
$438.1K
$383.3K – $511.1K
NOI $30,665 @ 7.0% cap · market cap 6.81%
Second Best
Mixed Use
$303.1K
$265.2K – $353.7K
NOI $21,219 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$503.9K
$441.0K – $587.9K
NOI $35,276 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office suites are leased, while the two-bedroom, one-bath apartment is vacant.
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 $450,000.
What are key features of this property?
This property features: 1,286‑square‑foot mixed‑use property; Two office spaces are leased; Vacant 2/1 apartment
