Downtown Office
For Sale
Contact for pricing
Pending
702 Chestnut Street #202, Bastrop, TX 78602
A shared entrance and included utilities simplify occupancy in this downtown workspace.
Property Size140 SF
Days on Market75
Property Features for 702 Chestnut Street #202
General Information
Standard status
Pending
Size
140 SF
Property subtype
Office
Additional Details
Utilities to Site
Yes
Property Use
Office
Building Details
Year Built
1984
Listing Agency:
Heart of the Pines Real Estate
(512) 303-5709
Listed By:
Laura Munos · License #0655390
(512) 705-0420
Source:
Hoydenhomes
Added: Aug 17
Changed: Oct 28
Last Checked: Oct 28 at 3:41PM
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 Heart of the Pines Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is in a building constructed in 1984 and is accessed through a shared entrance. Utilities are included in the rent, with phone and internet excluded.
The suite is at 702 Chestnut Street in Downtown Bastrop, near Main Street and Chestnut Street.
The suite is at 702 Chestnut Street in Downtown Bastrop, near Main Street and Chestnut Street.
Key Highlights
- 140 SF office unit
- Shared entrance
- Utilities included except phone and internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,338
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,760
$66.8K
Cap Rate 7%
$47,686
$47.7K
Cap Rate 9%
$37,089
$37.1K
Market Conditions
NOI Build-Up for 140 SF
Gross rent
$5.9K $42.00/SF
− Vacancy
−$1.4K −$10.21/SF
EGI
$4.5K $31.79/SF
− OpEx
−$1.1K −$7.95/SF
NOI
$3.3K $23.85/SF
Area
Bastrop County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,760
Cap Rate 7%
$47,686
Cap Rate 9%
$37,089
Alternative Uses
Best Use
Office B
$47.7K
$41.7K – $55.6K
NOI $3,338 @ 7.0% cap · market cap 476.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$54.9K
$48.0K – $64.0K
NOI $3,840 @ 7.0% cap · market cap 548.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 78602, TX
33,759
Population
13,485
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
87%
High-School Grad
195.3 sq mi
ZIP Area
173
Density / Sq Mi
$86,976
Median Household Income
$41,644
Median Earnings
$1,331
Median Rent
$310,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A shared entrance and included utilities simplify occupancy in this downtown workspace.
Where is this office unit located?
The property is located at 702 Chestnut Street #202 Bastrop, TX.
What are key features of this property?
This property features: 140 SF office unit; Shared entrance; Utilities included except phone and internet
