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Unique Mixed-Use Property on TX-21

426 State Highway 21 #B W Cedar Creek, TX 78612

426 State Highway 21 #B W, Cedar Creek, TX, 78612

$1,250,000

For Sale

$1,250,000

Four-acre property with home, commercial building, and natural features.

Property Size3,600 SF

Lot Size4.00 Acres

Price / SF$347.22

AddedMay 12

Days on Market66

Last RefreshJul 15 at 9:13 pm

Property Features for 426 State Highway 21 #B W

General Information

Standard status: Active
Size: 3,600 SF
Lot size: 4.00 Acres
Property subtype: Commercial

Building Details

Year Built: 1975

Listing office Lori Haring Realty

Listing date May 12, 2026

Source Elliman

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 Lori Haring Realty

Investment Insights

Based on property information with market context.

This unique four-acre mixed-use property is located on TX-21. The property includes a roughly 2,000 sq ft home built around a retired Austin city bus, a large attached garage/workshop, and a separate 1,600 sq ft commercial building facing the highway. The commercial building, constructed in the 2000s, has served as a tavern and is currently operating as a cafe with a deck and patio. The back two acres feature a creek that runs through the land, creating a .25-acre pond suitable for fishing or swimming. A private well irrigates the grass and pond, while the house and cafe are connected to Aqua Water. The house patio is grassy and shaded by mature trees. The back acres have tall trees, a meadow, and a large garden area. The pond attracts fish, turtles, frogs, and birds. Another small pond was added near the parking area, complete with a landscaped lawn leading down to it. The property also features a hot tub, carports, green room, and multiple sheds.

Key Highlights

Four‑acre property featuring a creek‑fed pond suitable for fishing and swimming
Unique, owner‑built 2,000 sq ft home incorporating a vintage Austin city bus
Separate 1,600 sq ft commercial building currently operating as a cafe with a deck and patio

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.7k	$26.04
− Vacancy	−$3.2k	−$0.89
EGI	$90.6k	$25.15
− OpEx	−$22.6k	−$6.29
NOI	$67.9k	$18.87

3,600 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$970.3K

$849.0K – $1.13M (±1% cap)

NOI $67,918 @ 7.0% cap · market cap 5.43%

Second Best

Mixed Use

$848.6K

$742.5K – $990.0K (±1% cap)

NOI $59,400 @ 7.0% cap · market cap 4.75%

Theoretical Best

Office A

$1.41M

$1.23M – $1.65M (±1% cap)

NOI $98,750 @ 7.0% cap · market cap 7.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Coffee shops

Suggested Use

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For sale
Mixed-use properties
TX
Cedar Creek
78612
426 State Highway 21 #B W

What type of property is this?

Mixed-use property - Four-acre property with home, commercial building, and natural features.

Where is this mixed-use property located?

The property is located at 426 State Highway 21 #B W Cedar Creek, TX.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Four‑acre property featuring a creek‑fed pond suitable for fishing and swimming; Unique, owner‑built 2,000 sq ft home incorporating a vintage Austin city bus; Separate 1,600 sq ft commercial building currently operating as a cafe with a deck and patio