Building Details

Building Size 4,400 SF

Year Built 2024

Listing Agency: eXp Realty, LLC

Listed By: Adam Olsen, CCIM · License #TX #0642075 Show Phone

Source: Thecommercialprofessionals

Added: Jun 24 Changed: Oct 8 Last Checked: Oct 20 at 7:27PM

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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 eXp Realty, LLC

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Investment Insights

Based on property information with market context.

This fully equipped live-work property includes a substantial commercial-grade workshop and an on-site personal residence, both offered as part of the sale. The workshop measures approximately 110’ x 40’ (about 4,400 SF) and features four bays with roll-up doors designed for vehicle and equipment access. Inside, there is office space and dedicated storage areas, along with an air-conditioned workshop setup intended for year-round functionality.

The sale also includes an extensive automotive and mechanical equipment package, including a car lift, mill, lathe, compressor system, plasma cutter, torches, benches, tools, safes, and other industrial equipment. The home is described as fully furnished and the shop is fully equipped, supporting immediate operational capabilities for an owner-operator or contractor-style use.

As presented, the property is built around an integrated residential and commercial workspace configuration, offering a single-site setup for hands-on mechanical work and daily living.

Key Highlights

• Built in 2024 live/work setup with a personal residence included in the sale
• Approx. 4,400 SF commercial‑grade workshop (110’ x 40’) with four bays and roll‑up doors
• Air‑conditioned workshop plus office space and dedicated storage areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,937

Cap Rate

6.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,178,740 $1.2M

Cap Rate 7%

$841,957 $842.0K

Cap Rate 9%

$654,856 $654.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,400 SF

Gross rent

$108.2K $24.60/SF

− Vacancy

−$29.7K −$6.74/SF

EGI

$78.6K $17.86/SF

− OpEx

−$19.6K −$4.46/SF

NOI

$58.9K $13.39/SF

Area

McLennan County, TX

Vacancy

27.40%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,178,740

Cap Rate 7%

$841,957

Cap Rate 9%

$654,856

Alternative Uses

Best Use

Office B

$842.0K

$736.7K – $982.3K (±1% cap)

NOI $58,937 @ 7.0% cap · market cap 6.04%

Second Best

Mixed Use

$622.3K

$544.5K – $726.0K (±1% cap)

NOI $43,560 @ 7.0% cap · market cap 4.47%

Theoretical Best

Multifamily LT 5

$54.81M

$47.96M – $63.95M (±1% cap)

NOI $3,836,927 @ 7.0% cap · market cap 393.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Cafe & Coffee Shop Daycare Center Pet Store & Service Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Explore this area Business Placement

Demographics for 76524, TX

2,700

Population

1,473

Households

1.8

Avg Household Size

44

Median Age

19%

College-Educated

84%

High-School Grad

61.0 sq mi

ZIP Area

44

Density / Sq Mi

$74,671

Median Household Income

$42,101

Median Earnings

$1,138

Median Rent

$200,000

Median Home Value

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?

Live-work space - Turnkey live-work property with a large commercial-grade workshop, roll-up doors, office space, and a furnished residence.

Where is this live-work space located?

The property is located at 414 County Road 437 Eddy, TX.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Built in 2024 live/work setup with a personal residence included in the sale; Approx. 4,400 SF commercial‑grade workshop (110’ x 40’) with four bays and roll‑up doors; Air‑conditioned workshop plus office space and dedicated storage areas