Profitable Businesses in Wimberley
For Sale
$4,550,000
314 Wimberley Square Rd, Wimberley, TX 78676
Two properties with established businesses in Wimberley's tourist center.
Property Size7,260 SF
Lot Size0.29 Acres
Days on Market295
Property Features for 314 Wimberley Square Rd
General Information
Standard status
Active
Size
7,260 SF
Lot size
0.29 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,735
Building Details
Building Size
7,260 SF
Year Built
1999
Listing Agency:
Chris Oddo, Broker
Listed By:
Chris Oddo · License #400461
(512) 736-5933
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 8
Last Checked: Sep 16 at 5:32PM
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 Chris Oddo, Broker
Investment Insights
Based on property information with market context.
This offering presents a rare opportunity to acquire two well-located properties, each housing an iconic and profitable business, situated in the heart of Wimberley's tourist center. The Old Mill Store property occupies 9,480 square feet of land and features 5,144 square feet of improvements. Dating back to 1981, the Old Mill Store has evolved into a general store offering a diverse selection of gifts, furniture, art, jewelry, handmade products, and toys. Sales figures for 2025 indicate a 20% year-to-date increase. The Longleaf Scratch Kitchen + Bar property is situated on 3,200 square feet of land and includes 2,116 square feet of improvements. This restaurant is known for its exceptional dishes crafted from locally sourced and seasonal ingredients. It enhances the dining experience with craft cocktails, beer, and a curated wine list. The restaurant's construction incorporates longleaf pine lumber repurposed from a structure in San Marcos, Texas, dating back to 1912. These properties are located at 314 Wimberley Square Rd, Wimberley, TX 78676.
Key Highlights
- Opportunity to own two profitable businesses (Old Mill Store and Longleaf Scratch Kitchen+Bar) in Wimberley's tourist center.
- Includes two well‑located properties with significant improvements: The Old Mill Store property (5,144 sq.ft. improvements on 9,480 sq.ft. land) and the Longleaf Scratch Kitchen+Bar property (2,116 sq.ft. improvements on 3,200 sq.ft. land).
- The Old Mill Store is an established general store with a long history (dating back to 1981).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$136,967
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,739,340
$2.7M
Cap Rate 7%
$1,956,671
$2.0M
Cap Rate 9%
$1,521,856
$1.5M
Market Conditions
NOI Build-Up for 7,260 SF
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.
Gross rent
$189.1K $26.04/SF
− Vacancy
−$6.4K −$0.89/SF
EGI
$182.6K $25.15/SF
− OpEx
−$45.7K −$6.29/SF
NOI
$137.0K $18.87/SF
Area
Hays County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,739,340
Cap Rate 7%
$1,956,671
Cap Rate 9%
$1,521,856
Alternative Uses
Best Use
Specialty Retail
$1.96M
$1.71M – $2.28M
NOI $136,967 @ 7.0% cap · market cap 3.01%
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $127,836 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$3.03M
$2.66M – $3.54M
NOI $212,440 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78676, TX
14,713
Population
7,487
Households
2
Avg Household Size
52
Median Age
50%
College-Educated
93%
High-School Grad
167.8 sq mi
ZIP Area
88
Density / Sq Mi
$86,819
Median Household Income
$44,745
Median Earnings
$1,432
Median Rent
$476,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Two properties with established businesses in Wimberley's tourist center.
Where is this storefront property located?
The property is located at 314 Wimberley Square Rd Wimberley, TX.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: Opportunity to own two profitable businesses (Old Mill Store and Longleaf Scratch Kitchen+Bar) in Wimberley's tourist center.; Includes two well‑located properties with significant improvements: The Old Mill Store property (5,144 sq.ft. improvements on 9,480 sq.ft. land) and the Longleaf Scratch Kitchen+Bar property (2,116 sq.ft. improvements on 3,200 sq.ft. land).; The Old Mill Store is an established general store with a long history (dating back to 1981).
