Unrestricted Land with Historic
704 Fm 2657 Briggs, TX 78608
For Sale
$399,900
Unrestricted commercial land with FM frontage and a historic 1880 structure, plus a private water system in place.
Property Size2,036 SF
Lot Size3.95 Acres
Price / SF$196.41
Days on Market74
Property Features for 704 Fm 2657
General Information
- Standard status
- Active
- Size
- 2,036 SF
- Lot size
- 3.95 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1880
Listing Agency:
Thrive Realty
(512) 379-7553
Listed By:
Shanan Shepherd
Source:
Buttross
Added: May 11
Changed: Jul 23
Last Checked: Jul 23 at 4:03PM
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 Thrive Realty
Investment Insights
Based on property information with market context.
This unrestricted Burnet County property includes a historic structure built in 1880 and offering approximately 2,036 square feet. The asset is positioned as a flexible live-work, office, retail, showroom, hospitality, agribusiness, and specialty commercial-use setting, with intended use for any buyer to verify. Infrastructure is already in place, including a newly installed private water system with a 16x24 slab-built well house, two 2,500-gallon storage tanks, and a booster pump.
The property fronts FM 2657 and is described as being located just minutes from Firefly Aerospace. The remarks also note no city zoning restrictions, with only Burnet County oversight.
Set up with open land and existing improvements, the offering supports buyers looking for land with an on-site structure and operational utility capacity already underway.
The property fronts FM 2657 and is described as being located just minutes from Firefly Aerospace. The remarks also note no city zoning restrictions, with only Burnet County oversight.
Set up with open land and existing improvements, the offering supports buyers looking for land with an on-site structure and operational utility capacity already underway.
Key Highlights
- Unrestricted 3.95‑acre Burnet County property with FM 2657 frontage
- Historic 1880 structure totaling 2,036 SF—can be used for office, retail, showroom, hospitality, agribusiness, live/work, or specialty commercial (buyer to verify)
- Private water infrastructure in place: 16x24 slab‑built well house, two 2,500‑gallon storage tanks, and booster pump
Financial Insights For Mixed Use
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 | $36.6k | $18.00 |
| − Vacancy | −$3.7k | −$1.80 |
| EGI | $33.0k | $16.20 |
| − OpEx | −$12.4k | −$6.07 |
| NOI | $20.6k | $10.13 |
2,036 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$611.3K
$534.9K – $713.2K
NOI $42,790 @ 7.0% cap · market cap 10.70%
Second Best
Retail
$532.7K
$466.1K – $621.5K
NOI $37,288 @ 7.0% cap · market cap 9.32%
Theoretical Best
Hotel Hospitality
$1.53M
$1.34M – $1.79M
NOI $107,348 @ 7.0% cap · market cap 26.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Unrestricted commercial land with FM frontage and a historic 1880 structure, plus a private water system in place.
Where is this commercial land located?
The property is located at 704 Fm 2657 Briggs, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Unrestricted 3.95‑acre Burnet County property with FM 2657 frontage; Historic 1880 structure totaling 2,036 SF—can be used for office, retail, showroom, hospitality, agribusiness, live/work, or specialty commercial (buyer to verify); Private water infrastructure in place: 16x24 slab‑built well house, two 2,500‑gallon storage tanks, and booster pump
