Live-Work Building with Manufactured
For Sale
$275,000
503 S 4th Street, Lometa, TX 76853
SINGLE_FAMILY - Lometa, TX
Property Size1,800 SF
Lot Size0.38 Acres
Price / SF$152.78
Days on Market809
Property Features for 503 S 4th Street
General Information
Property type
Residential
Property subtype
Retail
Parking features
RV, Carport
Subdivision
Lometa
Lot features
Quarter To Half Acre Lot
Directions
In Lampasas go west on Hwy 190/183 for approximately 15 miles. Property is on the right. See sign.
Standard status
Active
APN
7267
Size
1,800 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT: FR LOT 2 BLK: 49 ADDN: LOMETA
Tax Annual Amount
641
Legal Description
LOT: FR LOT 2 BLK: 49 ADDN: LOMETA
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Private
Building Details
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
The Kuker Company
(512) 556-4600
Listed By:
Janet Myrick · License #0589146
(512) 734-0057
Added: May 14, 2024
Changed: Jul 30
Last Checked: Jul 31 at 11:06PM
MLS# 543979
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use live-work property includes an 1,800 SF main building that was previously used as a nail salon. The layout features a spacious salon room, a customer bath, a laundry area, ample storage, and a second bath with a shower. Also included is an 1,100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area.
The property is located at 503 S 4th Street in Lometa, Texas, with easy highway access. Additional improvements include an 8 X 40 storage conex with electricity, along with a 2-car carport and RV parking on concrete slabs.
Overall, the combination of a dedicated main workspace, residential quarters, and on-site storage and vehicle parking supports a range of live-work arrangements.
The property is located at 503 S 4th Street in Lometa, Texas, with easy highway access. Additional improvements include an 8 X 40 storage conex with electricity, along with a 2-car carport and RV parking on concrete slabs.
Overall, the combination of a dedicated main workspace, residential quarters, and on-site storage and vehicle parking supports a range of live-work arrangements.
Key Highlights
- 1800 SF main commercial building (previous nail salon) with spacious salon room, customer bath, laundry area, and ample storage
- Second bath with shower in the 1800 SF main building
- 1100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area
Financial Insights For Office B
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 | $38.9k | $21.60 |
| − Vacancy | −$7.2k | −$3.97 |
| EGI | $31.7k | $17.63 |
| − OpEx | −$7.9k | −$4.41 |
| NOI | $23.8k | $13.22 |
1,800 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 8.65%
Second Best
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$432.3K
$378.3K – $504.4K
NOI $30,264 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 76853, TX
1,543
Population
774
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
85%
High-School Grad
282.4 sq mi
ZIP Area
5
Density / Sq Mi
$64,750
Median Household Income
$36,712
Median Earnings
$663
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use live-work property with an 1,800 SF main building plus a 1,100 SF manufactured home and storage connex.
Where is this live-work space located?
The property is located at 503 S 4th Street Lometa, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1800 SF main commercial building (previous nail salon) with spacious salon room, customer bath, laundry area, and ample storage; Second bath with shower in the 1800 SF main building; 1100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area
