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    Versatile Commercial Property Near Downtown Title is generated by Realmo AI

    404 N Nugent St, Johnson City, TX 78636

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    Claim this Listing
    Pending
    $625,000

    COMMERCIAL - Johnson City, TX

    Property size:
    2,736 SF
    Lot size:
    0.80 Acres
    Added:
    Nov 14, 2025
    Days on Market:
    196
    Last Refresh:
    May 29 at 2:06 pm

    Property Features for 404 N Nugent St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    SF-1
    Standard status
    Pending
    Size
    2,736 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3550

    We can help!

    Listing Contact
    Teresa Taylor

    Listing agent Teresa Taylor License #0659064

    Listing office Topper Real Estate P. O. Box 515, Blanco, TX

    Listing date Nov 14, 2025

    MLS# 99157

    Copyright © 2026 Central Hill Country Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location: One block from downtown and directly off Hwy Spur, ensuring high visibility and easy access.
    • Large 0.80‑acre lot with an additional build site including established water and sewer tap.
    • Durable and efficient construction: Steel‑reinforced concrete block, heavy‑gauge R‑panel roof, and steel double‑glazed windows/doors.
    • Versatile interior space: 2,736 sq ft divided into two spaces (735 sq ft and 2,001 sq ft) with oversized roller doors and an insulated dividing wall.
    • Commercial‑grade features: Polished concrete floors, conduit wiring (110/220V), LED lighting, Mitsubishi A/C units, and industrial plumbing.
    • Tornado‑resistant construction and ADA‑compliant bathrooms.

    Overview

    This commercial property offers 2,736 square feet of space on a 0.80-acre lot. The property is located one block from downtown and directly off Hwy Spur, providing high visibility and easy access. Constructed with filled, steel-reinforced concrete block on a 6" slab, the building features 14' ceilings, a tornado-resistant heavy-gauge R-panel roof, and custom 7'x5' steel double-glazed windows and doors. The interior includes polished concrete floors, commercial-grade conduit wiring (110/220V), LED lighting, two Mitsubishi commercial split A/C units, industrial plumbing, and two ADA-size bathrooms. Two oversized 10'x10' roller doors and an insulated dividing wall create two versatile spaces measuring 735 square feet and 2,001 square feet, suitable for flexible commercial use. Additional features include a cedar front deck and 190" birch plywood interior walls with shadow gap detailing. The property also includes an additional build site with its own water and sewer tap already established on Bluebonnet, offering expansion potential.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Johnson City
    County
    Blanco
    State
    Texas
    Longitude
    -98.4118075
    Latitude
    30.2803948

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    FAQs

    What type of property is this?
    Flex space - 2,736 SF commercial property with expansion potential in Johnson City.
    Where is this flex space located?
    The property is located at 404 N Nugent St Johnson City, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Prime location: One block from downtown and directly off Hwy Spur, ensuring high visibility and easy access.; Large 0.80‑acre lot with an additional build site including established water and sewer tap.; Durable and efficient construction: Steel‑reinforced concrete block, heavy‑gauge R‑panel roof, and steel double‑glazed windows/doors.
    (512) 690-1295
    We can help!
    Listing Contact
    Teresa Taylor
    Real Estate License ID: 0659064
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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