503 S 4th Street, Lometa, TX 76853
SINGLE_FAMILY - Lometa, TX
- Added:
- May 14, 2024
- Days on Market:
- 764
- Last Refresh:
- Jun 16 at 11:06 pm
Property Features for 503 S 4th Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Carport, RV
- 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
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
- Vinyl, Tile
- Building materials
- Block, Concrete
- Roof type
- Metal
Listing agent Janet Myrick License #0589146 (512) 734-0057
Listing office The Kuker Company P O Box 934 611 Central Texas Expressway, TX (512) 556-4600
Listing date May 14, 2024
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.
HighLights
- 1800 SF main commercial building previously used as a nail salon
- 1100 SF manufactured home with 2 bedrooms and 2 baths, plus open living/kitchen area
- 8 X 40 storage Connex with electricity for added storage
- Parking includes 2‑car carport and RV parking on concrete slabs
- Central heating and central air, with electric heating and electric cooling
- Metal roof with block and concrete construction; public sewer and private water source
Overview
The property is located at 503 S 4th Street in Lometa, Texas, and is described as having easy highway access, which can support day-to-day visits for customers, clients, or contractors.
For buyers looking to combine work and living in one setting, the existing commercial layout offers multiple rooms and restroom facilities within the main building, while the manufactured home provides separate residential space with two bedrooms, two baths, and an open living/kitchen area. The additional storage Connex and vehicle parking areas can help accommodate equipment, inventory, or personal belongings, depending on the intended operation.
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
- -98.391511
- Latitude
- 31.212678
