Single-Story Office
710 First Street, Marble Falls, TX 78654
For Sale
$2,200,000
Commercial Sale, Marble Falls, TX
Property Size5,604 SF
Lot Size0.81 Acres
Price / SF$392.58
Days on Market71
Property Features for 710 First Street
General Information
Property type
Property subtype
Directions
Standard status
APN
Lot size
Additional Details
Corner Location
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Flooring type
Buildings
Listing Agency:
Coleman Team Realty, LLC
(830) 385-6184
Listed By:
Rose Brasuel · License TX #786392
(830) 385-5950
Added: Sep 3
Changed: Oct 29
Last Checked: Nov 12 at 7:06PM
MLS# 179307
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 0.81 acres, this single-story office building contains 5,604 square feet and was built in 2001. Its interior combines open work areas with private offices, conference and meeting rooms, reception space, storage, built-in cabinetry, a kitchenette, shared areas, and multiple restrooms. Carpet, vinyl, and tile flooring are installed, with central heating and air conditioning. Windows bring daylight into portions of the building.
The property occupies a corner one block from Highway 281 and is near Lake Marble Falls. It is within the Downtown Transition District. Listed potential uses include office, medical office or clinic, general retail, personal services, business or trade school, and community assembly. The TPO roof section was recoated in April 2026.
The property occupies a corner one block from Highway 281 and is near Lake Marble Falls. It is within the Downtown Transition District. Listed potential uses include office, medical office or clinic, general retail, personal services, business or trade school, and community assembly. The TPO roof section was recoated in April 2026.
Key Highlights
- 5,604 SF single‑story office building on 0.81 acres
- Built in 2001
- Corner location one block from Highway 281
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,778
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,355,560
$2.4M
Cap Rate 7%
$1,682,543
$1.7M
Cap Rate 9%
$1,308,644
$1.3M
Market Conditions
NOI Build-Up for 5,604 SF
Gross rent
$188.3K $33.60/SF
− Vacancy
−$31.3K −$5.58/SF
EGI
$157.0K $28.02/SF
− OpEx
−$39.3K −$7.01/SF
NOI
$117.8K $21.02/SF
Area
Burnet County, TX
Vacancy
16.60%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,355,560
Cap Rate 7%
$1,682,543
Cap Rate 9%
$1,308,644
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,778 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,740 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
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Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible interior areas include private offices, open work zones, meeting rooms, and a reception area.
Where is this office building located?
The property is located at 710 First Street Marble Falls, 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: 5,604 SF single‑story office building on 0.81 acres; Built in 2001; Corner location one block from Highway 281
