Mixed-Use Property with
For Sale
Contact for pricing
4400 Co Rd 123, Hutto, TX 78634
Renovated one-story residence paired with an insulated workshop and dedicated office space on approximately one acre.
Property Size900 SF
Lot Size1.00 Acre
Price / SF$370.37
Days on Market143
Property Features for 4400 Co Rd 123
General Information
Standard status
Active
Size
900 SF
Lot size
1.00 Acre
Property subtype
Industrial, Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Office Build-Out
200 SF
Power
200 amps
Additional Details
Office Units
1
Amenities
covered trailer/storage bay
Building Details
Year Built
1978
Buildings
2
Stories
1
Building Size
900 SF
Construction
metal building
Abandoned
No
Listing Agency:
RJF Commercial, KW Realty
(512) 791-0229
Listed By:
Robert J Fischer · License #TX 538860
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 6:52PM
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 RJF Commercial, KW Realty
Investment Insights
Based on property information with market context.
Located on County Road 123, this mixed-use property combines a renovated one-story residence with a substantial work and storage component. The home has updated plumbing, electrical, HVAC, windows, doors, flooring, roof, kitchen, bathrooms, laundry area, and a fourth bedroom. Interior finishes include custom cabinetry, granite countertops, and replacement appliances.
The 900-square-foot workshop measures 30 feet by 30 feet and includes insulated walls and roof, two 16-foot electric lift doors, a 200-amp electrical service, 220V outlets, a 30-amp generator connection, a water heater, and temperature-controlled exhaust. A conditioned 20-by-10-foot office provides storage and workspace. The property also includes a covered trailer or storage bay with gate access, privacy fencing, a new driveway, sidewalks, landscaping, and a backyard adjoining a creek. The 1978 property offers quick access to toll roads and highways.
The 900-square-foot workshop measures 30 feet by 30 feet and includes insulated walls and roof, two 16-foot electric lift doors, a 200-amp electrical service, 220V outlets, a 30-amp generator connection, a water heater, and temperature-controlled exhaust. A conditioned 20-by-10-foot office provides storage and workspace. The property also includes a covered trailer or storage bay with gate access, privacy fencing, a new driveway, sidewalks, landscaping, and a backyard adjoining a creek. The 1978 property offers quick access to toll roads and highways.
Key Highlights
- Approximately 1 acre with a renovated one‑story residence and dedicated workshop
- 900‑square‑foot insulated workshop with 2 16‑foot electric lift doors
- Conditioned 20‑by‑10‑foot office with storage inside the workshop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,760
$546.8K
Cap Rate 7%
$390,543
$390.5K
Cap Rate 9%
$303,756
$303.8K
Market Conditions
NOI Build-Up for 2,025 SF
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.
Gross rent
$48.6K $24.00/SF
− Vacancy
−$4.9K −$2.40/SF
EGI
$43.7K $21.60/SF
− OpEx
−$16.4K −$8.10/SF
NOI
$27.3K $13.50/SF
Area
Williamson County, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,760
Cap Rate 7%
$390,543
Cap Rate 9%
$303,756
Alternative Uses
Best Use
Mixed Use
$390.5K
$341.7K – $455.6K
NOI $27,338 @ 7.0% cap · market cap 3.65%
Second Best
Industrial
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$846.5K
$740.7K – $987.6K
NOI $59,255 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 78634, TX
37,951
Population
15,322
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
56.4 sq mi
ZIP Area
673
Density / Sq Mi
$111,227
Median Household Income
$52,649
Median Earnings
$2,024
Median Rent
$334,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated one-story residence paired with an insulated workshop and dedicated office space on approximately one acre.
Where is this mixed-use property located?
The property is located at 4400 Co Rd 123 Hutto, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 1 acre with a renovated one‑story residence and dedicated workshop; 900‑square‑foot insulated workshop with 2 16‑foot electric lift doors; Conditioned 20‑by‑10‑foot office with storage inside the workshop
