Flex Office and Warehouse
For Sale
$1,000,000
320 Southland Dr, Burnet, TX 78611
Remodeled office with multiple rooms plus a heated and cooled, insulated warehouse suited for flexible tenant or unit setups.
Property Size6,431 SF
Price / SF$155.50
Days on Market264
Property Features for 320 Southland Dr
General Information
Standard status
Active
Size
6,431 SF
Additional Details
Office Units
16
Listing Agency:
Landmasters Real Estate
(512) 940-6918
Listed By:
Natalie Virdell · License #0676262
(512) 940-6918
Source:
Exprealty
Added: Nov 14, 2025
Changed: Jul 10
Last Checked: Jul 31 at 11:50AM
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
Investment Insights
Based on property information with market context.
The property includes a main office building that has been beautifully remodeled and features 16 rooms, a kitchen, and five bathrooms. Recent updates include a new roof, two new HVAC units, automatic gate access, and new vinyl plank flooring throughout. The layout is described as well-suited for multiple rental units, supported by the room count and overall floor plan.
A recently added 2,400-square-foot warehouse is insulated and heated/cooled. The warehouse is plumbed for water and could be rented as its own unit. Outside, there is a large secured storage area for trucks and equipment, protected by a new automatic gate, along with a large parking area. The property is located at 320 Southland Dr in Burnet, Texas.
This configuration can support a tenant seeking both office space and warehouse functionality, or an owner planning to lease the office and warehouse areas separately, based on the stated ability to create multiple rental units and the warehouse’s independent utility (including plumbing). The updates to the office systems and flooring, along with the insulated, climate-controlled warehouse, provide a practical foundation for adaptable commercial use.
A recently added 2,400-square-foot warehouse is insulated and heated/cooled. The warehouse is plumbed for water and could be rented as its own unit. Outside, there is a large secured storage area for trucks and equipment, protected by a new automatic gate, along with a large parking area. The property is located at 320 Southland Dr in Burnet, Texas.
This configuration can support a tenant seeking both office space and warehouse functionality, or an owner planning to lease the office and warehouse areas separately, based on the stated ability to create multiple rental units and the warehouse’s independent utility (including plumbing). The updates to the office systems and flooring, along with the insulated, climate-controlled warehouse, provide a practical foundation for adaptable commercial use.
Key Highlights
- Remodeled main office building with 4,000+ SF, 16 rooms, kitchen, and 5 bathrooms
- Updates include new roof, 2 new HVAC units, automatic gate, and new vinyl plank flooring throughout
- Floor plan allows flexible setup for multiple rental units
Financial Insights For Warehouse
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 | $95.7k | $14.88 |
| − Vacancy | −$10.5k | −$1.64 |
| EGI | $85.2k | $13.24 |
| − OpEx | −$12.8k | −$1.99 |
| NOI | $72.4k | $11.26 |
6,431 SF · lease $14.88/SF/yr · vacancy 11.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $135,159 @ 7.0% cap · market cap 13.52%
Second Best
Warehouse
$1.03M
$904.9K – $1.21M
NOI $72,392 @ 7.0% cap · market cap 7.24%
Theoretical Best
Hotel Hospitality
$4.84M
$4.24M – $5.65M
NOI $339,074 @ 7.0% cap · market cap 33.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Office units
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Remodeled office with multiple rooms plus a heated and cooled, insulated warehouse suited for flexible tenant or unit setups.
Where is this flex space 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 main office building with 4,000+ SF, 16 rooms, kitchen, and 5 bathrooms; Updates include new roof, 2 new HVAC units, automatic gate, and new vinyl plank flooring throughout; Floor plan allows flexible setup for multiple rental units
