Acreage with Metal Workshop
For Sale
$370,000
4772-2 County Road 340, Burnet, TX 76905
12.92-acre tract with rolling Hill Country terrain, mature oak tree cover, and a 50' x 60' metal building with roll-up doors.
Property Size3,000 SF
Lot Size12.92 Acres
Price / SF$123.33
Days on Market139
Property Features for 4772-2 County Road 340
General Information
Standard status
Active
Size
3,000 SF
Lot size
12.92 Acres
Property subtype
Farm
Additional Details
Road Access
Yes
Listing Agency:
Topper Real Estate
(830) 868-4663
Listed By:
Jenna Moore · License #0650086
(512) 695-1799
Source:
Cornerstone-properties
Added: Apr 27
Changed: Sep 10
Last Checked: Sep 11 at 12:39PM
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 Topper Real Estate
Investment Insights
Based on property information with market context.
This for-sale acreage totals 12.92 scenic acres with rolling Hill Country terrain and large, mature oak trees and native hardwoods. The property includes multiple potential homesites and a nicely constructed 50' x 60' metal building with spray foam insulation and three roll-up doors, suited for equipment storage, a workshop, or future ranch use.
Access is provided via a paved road and an electric gated entrance. A newly drilled water well on the property produces 15 gallons per minute.
Overall, the tract combines usable land with an existing metal workshop building and on-site water service, offering flexibility for residential or agricultural-style uses consistent with the property’s configuration.
Access is provided via a paved road and an electric gated entrance. A newly drilled water well on the property produces 15 gallons per minute.
Overall, the tract combines usable land with an existing metal workshop building and on-site water service, offering flexibility for residential or agricultural-style uses consistent with the property’s configuration.
Key Highlights
- 12.92‑acre Burnet County tract with rolling Hill Country terrain and large, mature oak tree cover
- 50' x 60' metal building with spray foam insulation and three roll‑up doors for storage, workshop, or future ranch use
- Newly drilled water well producing 15 gallons per minute
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
$33,770
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
9.13%
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%
$675,400
$675.4K
Cap Rate 7%
$482,429
$482.4K
Cap Rate 9%
$375,222
$375.2K
Market Conditions
NOI Build-Up for 3,000 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
$44.6K $14.88/SF
− Vacancy
−$4.9K −$1.64/SF
EGI
$39.7K $13.24/SF
− OpEx
−$6.0K −$1.99/SF
NOI
$33.8K $11.26/SF
Area
Burnet County, TX
Vacancy
11.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
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%
$675,400
Cap Rate 7%
$482,429
Cap Rate 9%
$375,222
Alternative Uses
Best Use
Warehouse
$482.4K
$422.1K – $562.8K
NOI $33,770 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 42.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 76905, TX
13,635
Population
5,293
Households
2.6
Avg Household Size
34
Median Age
19%
College-Educated
86%
High-School Grad
183.5 sq mi
ZIP Area
74
Density / Sq Mi
$81,645
Median Household Income
$39,880
Median Earnings
$1,499
Median Rent
$146,100
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?
Agricultural land / Farmland - 12.92-acre tract with rolling Hill Country terrain, mature oak tree cover, and a 50' x 60' metal building with roll-up doors.
Where is this agricultural land / farmland located?
The property is located at 4772-2 County Road 340 Burnet, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 12.92‑acre Burnet County tract with rolling Hill Country terrain and large, mature oak tree cover; 50' x 60' metal building with spray foam insulation and three roll‑up doors for storage, workshop, or future ranch use; Newly drilled water well producing 15 gallons per minute
