Lometa Commercial Property on
For Sale
$250,000
3 st St S 5, Lometa, TX 76853
Commercial property with shop buildings and highway visibility in Lometa.
Property Size3,243 SF
Lot Size0.72 Acres
Days on Market273
Property Features for 3 st St S 5
General Information
Standard status
Active
Size
3,243 SF
Lot size
0.72 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,663
Building Details
Building Size
3,243 SF
Year Built
1970
Listing Agency:
Always Here Properties, LLC
(254) 383-0789
Listed By:
Danielle Tucker Shepard · License #0637756
(254) 383-0789
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 14
Last Checked: Aug 26 at 8:51AM
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 Always Here Properties, LLC
Investment Insights
Based on property information with market context.
This commercial property, formerly a paint and body shop, is located in Lometa, Texas, right off Highway 183. It offers visibility and access, situated on 0.718 acres. The property includes two shop buildings: one with a 1,250 square foot concrete slab floor and the other with a 1,500 square foot dirt floor. Additionally, there are two carports totaling 440 square feet. The property is located approximately 16 miles from Lampasas and 20 miles from Goldthwaite. The property with buildings is being sold as-is.
Key Highlights
- Prime commercial location directly off Hwy 183 in Lometa, TX.
- Two shop buildings: one with 1,250 sq. ft. concrete slab floor, the other with 1,500 sq. ft. dirt floor.
- Property size: 0.718 acres.
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
$20,485
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
8.19%
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%
$409,700
$409.7K
Cap Rate 7%
$292,643
$292.6K
Cap Rate 9%
$227,611
$227.6K
Market Conditions
NOI Build-Up for 3,243 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
$31.1K $9.60/SF
− Vacancy
−$1.9K −$0.58/SF
EGI
$29.3K $9.02/SF
− OpEx
−$8.8K −$2.71/SF
NOI
$20.5K $6.32/SF
Area
Lampasas County, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$409,700
Cap Rate 7%
$292,643
Cap Rate 9%
$227,611
Alternative Uses
Best Use
Retail
$551.1K
$482.2K – $642.9K
NOI $38,574 @ 7.0% cap · market cap 15.43%
Second Best
Industrial
$292.6K
$256.1K – $341.4K
NOI $20,485 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$778.9K
$681.6K – $908.8K
NOI $54,526 @ 7.0% cap · market cap 21.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76853, TX
1,543
Population
774
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
85%
High-School Grad
282.4 sq mi
ZIP Area
5
Density / Sq Mi
$64,750
Median Household Income
$36,712
Median Earnings
$663
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with shop buildings and highway visibility in Lometa.
Where is this auto shop located?
The property is located at 3 st St S 5 Lometa, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime commercial location directly off Hwy 183 in Lometa, TX.; Two shop buildings: **one with 1,250 sq. ft. concrete slab floor, the other with 1,500 sq. ft. dirt floor.**; Property size: 0.718 acres.
