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    531 Ed Schmidt Blvd Hutto, TX 78634

    Sponsored
    For Lease
    Contact for pricing

    Prime Hutto retail space, multiple units.

    Lot size:
    35,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    Highlights of Hutto Plaza offers exceptional retail opportunities in a thriving Williamson County location. This three-building complex totals approximately 35,400 square feet of commercial space, situated on the west side of Ed Schmidt Boulevard, conveniently north of Highway 79. The property benefits from high visibility and traffic due to its proximity to other busy retail centers. Multiple tenancy options are available, with spaces ranging from a minimum of 1,500 square feet to a maximum contiguous space of 13,885 square feet. Currently, there are 25,185 square feet of vacant space ready for immediate occupancy. Units A-120 and A-130 are offered as "white box" spaces, providing flexibility for tenant build-outs. The property is classified as Class B. For investors seeking additional land, a 1.09-acre retail pad site at the front of the property is also available for purchase. This presents a unique opportunity to establish a strong retail presence in a high-growth area. The property's strategic location and flexible space options make it ideal for a variety of retail businesses seeking to capitalize on the robust commercial activity in Hutto, Texas.

    Property Features for 531 Ed Schmidt Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,400 SF
    Class
    B

    Unit(s) available at that property

    Space
    A-170/180
    Size
    3,135 SF
    Space
    C-140
    Size
    1,839 SF
    Space
    C-150
    Size
    1,644 SF
    Space
    Suite 200
    Size
    1,000 SF

    HighLights

    • Retail property totaling 35,400 square feet.
    • Multiple tenancy with spaces ranging from 1,000 to 13,885 square feet available.
    • 25,185 square feet of vacant space.
    • Minimum divisible space of 1,500 square feet.
    • Maximum contiguous space of 13,885 square feet.
    • Class B retail center located in Williamson County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hutto
    County
    Williamson
    State
    Texas
    Longitude
    -97.560506996898
    Latitude
    30.54895034921

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    FAQs

    What type of property is this?
    Retail property - Prime Hutto retail space, multiple units.
    Where is this retail property located?
    The property is located at 531 Ed Schmidt Blvd Hutto, TX.
    What are key features of this property?
    This property features: Retail property totaling 35,400 square feet.; Multiple tenancy with spaces ranging from 1,000 to 13,885 square feet available.; 25,185 square feet of vacant space.
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    531 Ed Schmidt Blvd Hutto, TX 78634
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    531 Ed Schmidt Blvd Hutto, TX 78634
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