Remodeled Office Building with
320 Southland Dr, Burnet, TX 78611
For Sale
$1,000,000
Burnet commercial property with office, warehouse, and storage.
Property Size6,431 SF
Lot Size1.27 Acres
Price / SF$250
Days on Market245
Property Features for 320 Southland Dr
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Landmasters Real Estate
Listed By:
Natalie Virdell · License #0676262
(512) 940-6918
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:41AM
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 Landmasters Real Estate
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Investment Insights
Based on property information with market context.
This commercial property is located in Burnet, Texas. It features a remodeled office building with over 4000 square feet of space, including 16 rooms, a kitchen, and 5 bathrooms. Updates to the office building include a new roof, 2 new HVAC units, automatic gate, and new vinyl plank flooring throughout. The floor plan is suitable for multiple rental units. Additionally, there is a recently added 2400 square foot insulated and heated/cooled warehouse that is plumbed for water and could be rented separately. The property includes a large area for storing trucks and equipment, secured by a new automatic gate. A large parking area is also available.
Key Highlights
- Remodeled 4000 sq ft office building featuring 16 rooms, a kitchen, and 5 bathrooms, ideal for multiple rental units.
- Recently added 2400 sq ft insulated and climate‑controlled warehouse plumbed for water, suitable as a separate rental unit.
- New roof and 2 new HVAC units ensure low maintenance and efficient climate control.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,067
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,340
$1.7M
Cap Rate 7%
$1,200,957
$1.2M
Cap Rate 9%
$934,078
$934.1K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$134.4K $33.60/SF
− Vacancy
−$22.3K −$5.58/SF
EGI
$112.1K $28.02/SF
− OpEx
−$28.0K −$7.01/SF
NOI
$84.1K $21.02/SF
Area
Burnet County, TX
Vacancy
16.60%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,340
Cap Rate 7%
$1,200,957
Cap Rate 9%
$934,078
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,067 @ 7.0% cap · market cap 8.41%
Second Best
Warehouse
$643.2K
$562.8K – $750.5K
NOI $45,027 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,026 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
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Business Placement
Demographics for 78611, TX
14,839
Population
7,417
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
274.1 sq mi
ZIP Area
54
Density / Sq Mi
$78,243
Median Household Income
$40,062
Median Earnings
$1,111
Median Rent
$291,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Burnet commercial property with office, warehouse, and storage.
Where is this mixed-use property located?
The property is located at 320 Southland Dr Burnet, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Remodeled 4000 sq ft office building featuring 16 rooms, a kitchen, and 5 bathrooms, ideal for multiple rental units.; Recently added 2400 sq ft insulated and climate‑controlled warehouse plumbed for water, suitable as a separate rental unit.; New roof and 2 new HVAC units ensure low maintenance and efficient climate control.
