Mixed-Use Building with
New
For Sale
$575,000
3315 Ranch Road 1869, Liberty Hill, TX 78642
A rear courtyard provides room for food-truck parking.
Property Size3,172 SF
Days on Market2
Property Features for 3315 Ranch Road 1869
General Information
Standard status
Active
Size
3,172 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,806
Amenities
back courtyard with food truck parking
Building Details
Building Size
3,172 SF
Year Built
1920
Listed By:
Lesli Reimers · License #0446198
(512) 619-7774
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 3:24PM
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 Lesli Reimers
Investment Insights
Based on property information with market context.
Located at 3315 Ranch Road 1869 in downtown Liberty Hill, this mixed-use property was built in 1920. Its rear courtyard can accommodate food-truck parking.
The property is in the downtown area of Liberty Hill, Texas.
The property is in the downtown area of Liberty Hill, Texas.
Key Highlights
- Built in 1920
- Rear courtyard with room for food‑truck parking
- Located at 3315 Ranch Road 1869 in downtown Liberty Hill
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
$42,822
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
7.45%
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%
$856,440
$856.4K
Cap Rate 7%
$611,743
$611.7K
Cap Rate 9%
$475,800
$475.8K
Market Conditions
NOI Build-Up for 3,172 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
$76.1K $24.00/SF
− Vacancy
−$7.6K −$2.40/SF
EGI
$68.5K $21.60/SF
− OpEx
−$25.7K −$8.10/SF
NOI
$42.8K $13.50/SF
Area
Williamson County, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$856,440
Cap Rate 7%
$611,743
Cap Rate 9%
$475,800
Alternative Uses
Best Use
Retail
$797.9K
$698.2K – $930.9K
NOI $55,853 @ 7.0% cap · market cap 9.71%
Second Best
Mixed Use
$611.7K
$535.3K – $713.7K
NOI $42,822 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,818 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 78642, TX
20,385
Population
8,399
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
111.1 sq mi
ZIP Area
183
Density / Sq Mi
$128,086
Median Household Income
$58,118
Median Earnings
$1,475
Median Rent
$486,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A rear courtyard provides room for food-truck parking.
Where is this mixed-use property located?
The property is located at 3315 Ranch Road 1869 Liberty Hill, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Built in 1920; Rear courtyard with room for food‑truck parking; Located at 3315 Ranch Road 1869 in downtown Liberty Hill
