Mixed-Use Property with
New
For Sale
$410,000
7980 E US Highway 84, Gatesville, TX 76528
Two residences accompany a substantial shop, with separate highway drives serving the property’s buildings and homes.
Property Size4,810 SF
Lot Size3.21 Acres
Price / SF$98.56
Days on Market4
Property Features for 7980 E US Highway 84
General Information
Standard status
Active
Size
4,810 SF
Lot size
3.21 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,810 SF
Year Built
1977
Listing Agency:
On Point Realtors, PLLC
Listed By:
Kristi Roberts · License #0544920
(254) 220-5454
Source:
Elliman
Added: Oct 11
Changed: Oct 12
Last Checked: Oct 12 at 7:43PM
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 On Point Realtors, PLLC
Investment Insights
Based on property information with market context.
This 3.21-acre mixed-use property includes a 4,160-square-foot shop, two homes, a 2,808-square-foot barn, and storage on a slab. The shop has multiple work areas, an office, a half bath, carport parking, and a rear canopy. The main home measures 2,270 square feet and features two private master suites, wood flooring, a wood-burning fireplace, an open kitchen and living area, a basement flex space, and a two-car garage with an attached carport. The 810-square-foot guest house has one bedroom and one bathroom, a kitchen, and a wood deck overlooking a seasonal creek.
Two separate drives connect the property to US Highway 84. Additional site features include a chicken house, open pasture, mature trees, and landscaped grounds. The property is being sold as-is. It was built in 1977 and is partly within the Middle Trinity Ground Water Conservation District.
Two separate drives connect the property to US Highway 84. Additional site features include a chicken house, open pasture, mature trees, and landscaped grounds. The property is being sold as-is. It was built in 1977 and is partly within the Middle Trinity Ground Water Conservation District.
Key Highlights
- 3.21 acres with two homes, a 4,160‑square‑foot shop, and a 2,808‑square‑foot barn
- Two separate drives provide access from US Highway 84
- Main home: 2,270 square feet with two private master suites and a basement flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,278
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,560
$525.6K
Cap Rate 7%
$375,400
$375.4K
Cap Rate 9%
$291,978
$292.0K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$39.9K $9.60/SF
− Vacancy
−$2.4K −$0.58/SF
EGI
$37.5K $9.02/SF
− OpEx
−$11.3K −$2.71/SF
NOI
$26.3K $6.32/SF
Area
Coryell County, TX
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,560
Cap Rate 7%
$375,400
Cap Rate 9%
$291,978
Alternative Uses
Best Use
Mixed Use
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 9.59%
Second Best
Industrial
$375.4K
$328.5K – $438.0K
NOI $26,278 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$999.2K
$874.3K – $1.17M
NOI $69,944 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residences accompany a substantial shop, with separate highway drives serving the property’s buildings and homes.
Where is this mixed-use property located?
The property is located at 7980 E US Highway 84 Gatesville, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 3.21 acres with two homes, a 4,160‑square‑foot shop, and a 2,808‑square‑foot barn; Two separate drives provide access from US Highway 84; Main home: 2,270 square feet with two private master suites and a basement flex space
