Unzoned Mixed-Use
For Sale
Contact for pricing
389 COUNTY RD 1281, Lampasas, TX 76550
The asset was constructed in 2016 and carries no zoning designation.
Property Size2,176 SF
Price / SF$195.31
Days on Market108
Property Features for 389 COUNTY RD 1281
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Mixed Use, Land
Zoning
Unzoned
Investment Type
Owner/User
Building Details
Year Built
2016
Units
2
Listing Agency:
Texas Real Estate Sales
Listed By:
Abe & Leah Caruthers · License #561403
Source:
Crexi
Added: Jul 7
Changed: Oct 10
Last Checked: Oct 20 at 6:06PM
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 Real Estate Sales
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Investment Insights
Based on property information with market context.
This mixed-use property at 389 County Road 1281 in Lampasas, Texas, was constructed in 2016. The recorded property size is 2,176, with no unit of measurement provided. The asset is identified as unzoned, offering a straightforward starting point for evaluating its existing configuration and potential use within applicable local requirements.
Key Highlights
- Mixed‑use property at 389 County Road 1281, Lampasas, TX
- Constructed in 2016
- Property size of 2176
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,563
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,260
$411.3K
Cap Rate 7%
$293,757
$293.8K
Cap Rate 9%
$228,478
$228.5K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$36.6K $16.80/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$32.9K $15.12/SF
− OpEx
−$12.3K −$5.67/SF
NOI
$20.6K $9.45/SF
Area
Lampasas County, TX
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,260
Cap Rate 7%
$293,757
Cap Rate 9%
$228,478
Alternative Uses
Best Use
Mixed Use
$293.8K
$257.0K – $342.7K
NOI $20,563 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.7K
$457.3K – $609.8K
NOI $36,586 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
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Business Placement
Demographics for 76550, TX
12,840
Population
6,129
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
541.5 sq mi
ZIP Area
24
Density / Sq Mi
$73,697
Median Household Income
$34,970
Median Earnings
$902
Median Rent
$237,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The asset was constructed in 2016 and carries no zoning designation.
Where is this mixed-use property located?
The property is located at 389 COUNTY RD 1281 Lampasas, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Mixed‑use property at 389 County Road 1281, Lampasas, TX; Constructed in 2016; Property size of 2176
