503 S 4th St, Lometa, TX 76853
- Added:
- Jun 4, 2024
- Days on Market:
- 756
- Last Refresh:
- Jun 29 at 12:06 pm
Property Features for 503 S 4th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 007267
- Size
- 1,800 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Description
- LOT: FR LOT 2 BLK: 49 ADDN: LOMETA
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Flooring type
- Vinyl, Tile
- Building materials
- Block
- Roof type
- Composition, Metal
Listing agent Janet Myrick License #0589146 (512) 734-0057
Listing office The Kuker Company 611 Central Texas Expressway, Lampasas, TX (512) 556-4600
Listing date Jun 4, 2024
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1800 SF main commercial building previously used as a nail salon, including a spacious salon room and two bathrooms
- Includes an additional 1100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area
- Electric + central HVAC with central air; electric water heater
- Water and sewer services: public water and public sewer
- Roof includes composition and metal materials; block construction; tile and vinyl flooring
- On‑site storage and parking: 8 X 40 storage Connex with electricity plus 2‑car carport and RV parking on concrete slabs
Overview
The property also includes an 8 X 40 storage Connex with electricity, along with a 2-car carport and RV parking on concrete slabs. The listing notes easy highway access, supporting convenient arrival for daily use and client traffic.
For tenants, buyers, or owner-operators seeking a combined work and living arrangement, the existing commercial layout in the main building can support business use while the manufactured home provides on-site living. The storage Connex and dedicated parking areas add practical value for vehicle and inventory staging, making the site suitable for a range of small operators who want everything on one property.
Local Financial Insights For 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 | $32.4k | $18.00 |
| − Vacancy | −$1.8k | −$1.01 |
| EGI | $30.6k | $16.99 |
| − OpEx | −$9.2k | −$5.10 |
| NOI | $21.4k | $11.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lometa
- County
- Lampasas
- State
- Texas
- Longitude
- -98.3915327
- Latitude
- 31.2128834
