Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    618 Live Oak Street Blanco, TX 78606

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,200,000

    Stabilized multifamily property in Central Texas with recent major remodel.

    Type:MF
    Added:
    Sep 3, 2025
    Days on Market:
    219
    Last Refresh:
    Apr 3 at 5:00 am

    Property Features for 618 Live Oak Street

    General Information

    Standard status
    Active
    Property subtype
    MF

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Joaquin Lopez, REALTOR
    Joaquin Lopez, REALTOR

    Listing agent Joaquin Lopez, REALTOR License #657845, Texas

    Listing office LOCAL Real Estate Group

    Listing date Sep 3, 2025

    Source Realnex

    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 LOCAL Real Estate Group

    Overview

    Turnkey Multifamily Investment in Blanco

    Located in Blanco County, a rapidly growing rural area attracting retirees, young families, and remote workers, this multifamily property presents a stabilized and turnkey investment opportunity. The county's real estate market is dominated by single-family homes and ranches, resulting in a scarcity of apartment options, which boosts demand and maintains high rental occupancy. Situated within 50 miles of Austin and San Antonio, residents enjoy small-town living with convenient access to urban job markets, universities, and cultural attractions. The surrounding area offers outdoor recreation, wineries, breweries, and tourism, including annual outdoor festivals. The property has undergone a major remodel completed in May 2023, leaving negligible deferred maintenance. According to the sellers, the remodel encompassed everything other than the structure, foundation, and exterior walls. Utility consumption can be monitored remotely, and leases are structured with utility reimbursement. Existing property management is willing to remain in place, ensuring a lean expense ratio and high yield for the area. The property is located at 618 Live Oak Street, Blanco, TX 78606.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live Oak Medical ... Nursing Home Live Oak Apartments Apartment Building

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blanco
    County
    Blanco
    State
    Texas
    Longitude
    -98.4188875
    Latitude
    30.0996587

    Nearby Similar for Sale

    • $675,000

      Prime Commercial Property in Blanco, TX

      Corner lot commercial building with high visibility in Blanco, TX.
      807 -- Main St, Blanco, TX 78606
      View Details
    • $360,000

      Blanco Commercial Building For Sale

      Commercial building in Blanco, TX, suitable for various business ventures.
      11 -- Main St, Blanco, TX 78606
      View Details
    • $3,595,000

      Texas Hill Country Ranch Retreat

      61-acre ranch with modern home, barns, and recreational amenities.
      2454 -- McKinney Loop, Blanco, TX 78606
      View Details
    • $69,000
      16,117 SF

      Land Near Blanco, TX

      Land with access to golf, pool, equestrian facilities.
      JOHN PRICE lot: 1064, Blanco, TX 78606
      View Details
    • $799,000

      Hilltop Land with Hill Country Views

      18.87-acre hilltop property with panoramic Hill Country views.
      TBD -- Kendalia Rd, Blanco, TX 78606
      View Details
    • $1,650,000

      Hill Country Living Retreat

      Private 5.23-acre retreat in the Ranches of Brushy Top.
      234 -- Elk Run Cove, Blanco, TX 78606
      View Details
    • $1,899,000

      Blanco Ranch with Guest Apartment

      26-acre ranch featuring a main home and guest apartment.
      147 -- Gray Wolf, Blanco, TX 78606
      View Details
    • $1,950,000

      Blanco Acreage Barndominium with Views

      Secluded Hill Country barndominium on 13.59 acres with shop.
      780 -- Skyline Dr, Blanco, TX 78606
      View Details
    • $4,950,000
      8,200 SF

      Luxury Ranch with Blanco River Access

      Turn-key 45-acre ranch with high-end improvements and river access.
      5999 Ranch Road 165, Blanco, TX 78606
      View Details
    • $2,993,000

      Hill Country Ranch with Views

      121.72 acre ranch with barns and water infrastructure.
      1716 Sanctuary Ln, Blanco, TX 78606
      View Details
    • $2,499,995

      Texas Hill Country Ranch Retreat

      51-acre ranch with custom home, guest accommodations, and recreational amenities.
      270 -- Rollin N Ranch Rd, Blanco, TX 78606
      View Details
    • $875,000
      3,793 SF

      Blanco, Texas Commercial Building

      Commercial building in Blanco, Texas, ready for redevelopment.
      713 Chandler St, Blanco, TX 78606
      View Details

    FAQs

    What type of property is this?
    Apartment building - Stabilized multifamily property in Central Texas with recent major remodel.
    Where is this apartment building located?
    The property is located at 618 Live Oak Street Blanco, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Strong cash flow investment in Central Texas.; Major remodel completed in May 2023, resulting in negligible deferred maintenance.; Located in Blanco County, a rapidly growing area with high rental occupancy due to scarce apartment options.
    (512) 567-6429
    We can help!
    Listing Contact
    Joaquin Lopez, REALTOR
    Joaquin Lopez, REALTOR
    Real Estate License ID: 657845, Texas
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!