Mixed-Use Property in Georgetown,
For Sale
Contact for pricing
Pending
903 Forest St, Georgetown, TX 78626
Mixed-use property featuring 1,675 SqFt of commercial real estate.
Property Size1,675 SF
Days on Market211
Property Features for 903 Forest St
General Information
Standard status
Pending
Size
1,675 SF
Class
B
Property subtype
Mixed Use, Office
Zoning
MU-DT
Investment Type
Owner/User
Building Details
Year Built
1935
Listing Agency:
Nextage Commercial Realty
Listed By:
King Bravo · License #TX 623235
Source:
Crexi
Added: Mar 18
Changed: Oct 9
Last Checked: Oct 12 at 9:23PM
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 Nextage Commercial Realty
Investment Insights
Based on property information with market context.
This mixed-use property offers 1,675 square feet of space. The property is located in Georgetown, Texas.
Key Highlights
- Mixed use property offers versatile potential
- 1,675 sqft provides a manageable space
- Built in 1935, offering vintage charm
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,941
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,820
$798.8K
Cap Rate 7%
$570,586
$570.6K
Cap Rate 9%
$443,789
$443.8K
Market Conditions
NOI Build-Up for 1,675 SF
Gross rent
$70.4K $42.00/SF
− Vacancy
−$17.1K −$10.21/SF
EGI
$53.3K $31.79/SF
− OpEx
−$13.3K −$7.95/SF
NOI
$39.9K $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 Rate 5%
$798,820
Cap Rate 7%
$570,586
Cap Rate 9%
$443,789
Alternative Uses
Best Use
Office B
$570.6K
$499.3K – $665.7K
NOI $39,941 @ 7.0% cap · market cap 4.49%
Second Best
Mixed Use
$323.0K
$282.7K – $376.9K
NOI $22,613 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$700.2K
$612.7K – $816.9K
NOI $49,013 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring 1,675 SqFt of commercial real estate.
Where is this mixed-use property located?
The property is located at 903 Forest St Georgetown, TX.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Mixed use property offers versatile potential; 1,675 sqft provides a manageable space; Built in 1935, offering vintage charm
