Industrial Shop with Truck
For Sale
$599,000
320 Red Bluff RD, Spicewood, TX 78669
The site combines a fabrication shop, separate office building, storage sheds and a truck circulation yard.
Property Size4,144 SF
Lot Size2.10 Acres
Days on Market958
Property Features for 320 Red Bluff RD
General Information
Standard status
Active
Size
4,144 SF
Lot size
2.10 Acres
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$5,306
Building Details
Building Size
4,144 SF
Year Built
1998
Buildings
4
Listing Agency:
Texas Hills and Lakes RE
Listed By:
Deborah Carrington · License #0435564
(512) 785-9314
Source:
Denpg
Added: Feb 22, 2024
Changed: Oct 1
Last Checked: Oct 7 at 3:44PM
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 Texas Hills and Lakes RE
Investment Insights
Based on property information with market context.
Set on 2.1 acres, this industrial property includes an approximately 4,000-square-foot shop with doors at both ends. The space served metal fabrication and welding operations for 25 years. A separate building has been used as an office, and two storage sheds provide additional on-site storage. The property was built in 1998 and is fenced on two sides.
The yard includes a truck turnaround and drive-through area, with room for heavy equipment. Electrical service includes two 240 amp service, and the property has an RV hookup with 50 amp service. The site is unrestricted and is close to Hwy. 71, Lake Travis and Marble Falls.
The yard includes a truck turnaround and drive-through area, with room for heavy equipment. Electrical service includes two 240 amp service, and the property has an RV hookup with 50 amp service. The site is unrestricted and is close to Hwy. 71, Lake Travis and Marble Falls.
Key Highlights
- 2.1‑acre industrial property
- Approximately 4000 sq.ft. shop with doors at both ends
- Separate building used as an office and two storage sheds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,078
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,560
$741.6K
Cap Rate 7%
$529,686
$529.7K
Cap Rate 9%
$411,978
$412.0K
Market Conditions
NOI Build-Up for 4,144 SF
Gross rent
$61.7K $14.88/SF
− Vacancy
−$8.7K −$2.10/SF
EGI
$53.0K $12.78/SF
− OpEx
−$15.9K −$3.83/SF
NOI
$37.1K $8.95/SF
Area
Travis County, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,560
Cap Rate 7%
$529,686
Cap Rate 9%
$411,978
Alternative Uses
Best Use
Industrial
$529.7K
$463.5K – $618.0K
NOI $37,078 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,261 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 78669, TX
12,415
Population
5,967
Households
2.1
Avg Household Size
48
Median Age
53%
College-Educated
97%
High-School Grad
121.3 sq mi
ZIP Area
102
Density / Sq Mi
$126,422
Median Household Income
$70,140
Median Earnings
$1,940
Median Rent
$576,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - The site combines a fabrication shop, separate office building, storage sheds and a truck circulation yard.
Where is this manufacturing property located?
The property is located at 320 Red Bluff RD Spicewood, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2.1‑acre industrial property; Approximately 4000 sq.ft. shop with doors at both ends; Separate building used as an office and two storage sheds
