Unique Mixed-Use Property on
426 State Highway 21 #B W, Cedar Creek, TX 78612
Four-acre property with home, commercial building, and natural features.
Type:Commercial
Property size:
3,600 SFLot size:
4.00 AcresPrice / SF:
$347/SF- Added:
- May 12, 2026
- Days on Market:
- 20
- Last Refresh:
- May 12 at 4:03 am
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 agent Lori Haring License #0612961 (512) 844-6535
Listing office Lori Haring Realty (512) 844-6535
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
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
- Large attached garage/workshop, previously used for a motorcycle repair business
- Property includes a private well for irrigation of the grass and pond, supplemented by Aqua Water connection for the house and cafe
- Additional features include a hot tub, carports, green room, multiple sheds, and a second, smaller landscaped pond
Overview
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
NOI $67,918 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$905.6K
$792.4K – $1.06M
NOI $63,390 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,750 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Coffee shops
Location Insight
- Map
- Local Demand
- City
- Cedar Creek
- County
- Bastrop
- State
- Texas
- Longitude
- -97.442528
- Latitude
- 30.107427
Nearby Similar for Sale
FAQs
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
