Versatile Property with Income
829 State Highway 21 Cedar Creek, TX 78612
For Sale
$570,000
Two-acre property with residential and commercial zoning near Austin.
Property Size2,492 SF
Lot Size2.00 Acres
Price / SF$228.73
Days on Market95
Property Features for 829 State Highway 21
General Information
Standard status
Active
Size
2,492 SF
Lot size
2.00 Acres
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
TS Realty
(210) 269-9940
Listed By:
Elizabeth Schmidtberger · License #0690215
(210) 269-9940
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 10:15AM
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 TS Realty
Investment Insights
Based on property information with market context.
This two-acre property in Cedar Creek, Texas, offers a blend of residential and commercial opportunities. Located off HWY 21, the property benefits from high traffic and visibility. The site includes a 5-bedroom home with an open kitchen and 2.5 bathrooms. The home has been freshly painted and features a wraparound deck. A detached shop provides additional storage or workspace. The commercial portion of the property includes a 2,492-square-foot warehouse with its own office and bathroom, which is currently rented and producing income. Additionally, there is a 1,200-square-foot pole barn for equipment, storage, or expansion. The property's location in the Austin metro corridor provides access to Austin, Bastrop, and surrounding areas. The property is partially residentially and partially commercially zoned, offering the possibility to run a business and live onsite. This property is suitable for entrepreneurs looking to combine home and business, investors seeking income-producing property, or those wanting space with commercial flexibility.
Key Highlights
- 2 acres with partial residential and partial commercial zoning off HWY 21.
- 2,492 sq ft warehouse with office and bathroom, currently rented for immediate income.
- 5‑bedroom home with open kitchen, 2.5 bathrooms, and wraparound deck.
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 | $74.8k | $30.00 |
| − Vacancy | −$9.0k | −$3.60 |
| EGI | $65.8k | $26.40 |
| − OpEx | −$24.7k | −$9.90 |
| NOI | $41.1k | $16.50 |
2,492 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$848.9K
$742.8K – $990.4K
NOI $59,423 @ 7.0% cap · market cap 10.43%
Second Best
Mixed Use
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$976.5K
$854.5K – $1.14M
NOI $68,357 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-acre property with residential and commercial zoning near Austin.
Where is this mixed-use property located?
The property is located at 829 State Highway 21 Cedar Creek, TX.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 2 acres with partial residential and partial commercial zoning off HWY 21.; **2,492 sq ft warehouse with office and bathroom, currently rented for immediate income.**; 5‑bedroom home with open kitchen, 2.5 bathrooms, and wraparound deck.
