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Office Building with Covered Porch
For Sale
$690,000

408 N Key Ave, Lampasas, TX 76550

CommercialSale, Lampasas, TX

Property SizeContact for details
Lot Size0.21 Acres
Days on Market97

Property Features for 408 N Key Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning description commercial
Accessibility Accessible Approach with Ramp
Directions Take Key Ave North to Ave D. Building on left.
Standard status Active
APN 1168
Lot size 0.21 Acres

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air, Electric
Water source Public

Amenities

reception area
kitchenette
covered front porch

Building Details

Year built 1997
Floors in Building 1
Number of units 1
Flooring type Carpet, Tile
Building materials Brick, Rock, Stone, StoneVeneer
Roof type Metal
Listing Agency: Bear Real Estate Services
Listed By: Audrey Bear
Added: Jul 18 Changed: Sep 17 Last Checked: Oct 22 at 11:06AM
MLS# 20964950

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1997, this office property provides four private offices, a reception area, and a kitchenette within a brick, rock, and stone-finish building. Tile and carpet flooring support a practical office configuration, while central electric heating and cooling serve the interior. A covered porch fronts the building, and the rear includes a covered carport. The property is currently leased to an insurance company.

The building occupies a 0.206-acre corner lot at 408 N Key Ave in Lampasas, Texas. Public water and sewer serve the site, and an accessible approach with ramp provides entry. The roof is metal, and on-site parking is available.

Key Highlights

  • Four private offices plus reception area and kitchenette
  • 0.206‑acre corner lot at 408 N Key Ave, Lampasas, TX 76550
  • Currently leased to an insurance company

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
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Current Use

Rollo Insurance Lampasas Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Computer & Electronic Repair Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

574
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Four-office layout with reception, kitchenette, rear carport, and accessible ramp entry.
Where is this office building located?
The property is located at 408 N Key Ave Lampasas, TX.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Four private offices plus reception area and kitchenette; 0.206‑acre corner lot at 408 N Key Ave, Lampasas, TX 76550; Currently leased to an insurance company
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