Hutto Land with
For Sale
Contact for pricing
865 Limmer Loop, Hutto, TX 78634
10 acres with house/office and warehouse, easy access.
Property Size3,055 SF
Lot Size10.00 Acres
Price / SF$490.67
Days on Market126
Property Features for 865 Limmer Loop
General Information
Standard status
Active
Size
3,055 SF
Lot size
10.00 Acres
Property subtype
LAND
Listing Agency:
Brinegar Properties Commercial Brokerage
(512) 645-2908
Listed By:
Megan Ford
(512) 645-2908
Source:
Moodyscre
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 29 at 12:40PM
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 Brinegar Properties Commercial Brokerage
Investment Insights
Based on property information with market context.
This property features 10 acres of land with improvements, including a 3,055 square foot house or office building and a 2,400 square foot warehouse. The site benefits from existing utilities, including electricity, water, and propane. It has an agricultural exemption and offers convenient access to SH-130. This property is suitable for agricultural, industrial, or commercial use.
Key Highlights
- 10 Acres of versatile land
- 3,055 SF House/Office provides flexible living or work space
- 2,400 SF Warehouse for storage or operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,848
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,456,960
$1.5M
Cap Rate 7%
$1,040,686
$1.0M
Cap Rate 9%
$809,422
$809.4K
Market Conditions
NOI Build-Up for 3,055 SF
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.
Gross rent
$128.3K $42.00/SF
− Vacancy
−$31.2K −$10.21/SF
EGI
$97.1K $31.79/SF
− OpEx
−$24.3K −$7.95/SF
NOI
$72.8K $23.85/SF
Area
Williamson 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,456,960
Cap Rate 7%
$1,040,686
Cap Rate 9%
$809,422
Alternative Uses
Best Use
Office B
$1.04M
$910.6K – $1.21M
NOI $72,848 @ 7.0% cap · market cap 4.86%
Second Best
Warehouse
$439.4K
$384.5K – $512.6K
NOI $30,757 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,395 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 78634, TX
37,951
Population
15,322
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
56.4 sq mi
ZIP Area
673
Density / Sq Mi
$111,227
Median Household Income
$52,649
Median Earnings
$2,024
Median Rent
$334,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - 10 acres with house/office and warehouse, easy access.
Where is this agricultural land / farmland located?
The property is located at 865 Limmer Loop Hutto, TX.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 10 Acres of versatile land; 3,055 SF House/Office provides flexible living or work space; 2,400 SF Warehouse for storage or operations
