904 S Key Ave, Lampasas, TX 76550
COMMERCIAL - Lampasas, TX
- Added:
- Nov 12, 2024
- Days on Market:
- 602
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 904 S Key Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 10
- Standard status
- Active
- APN
- 001286
- Size
- 2,520 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- LOT: W59 L3 W59 OF N16 OF LOT 2 BLK: 27 ADDN: L S C 1ST
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Number of units
- 1
- Flooring type
- Laminate
Listing agent Audrey Bear License #0516346 (512) 525-9321
Listing office Bear Real Estate Services 405 E. 3rd Street, LAMPASAS, TX (512) 556-9321
Listing date Nov 12, 2024
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime commercial location in the heart of Lampasas with high vehicle and foot traffic and visibility from two major highways (183 and 281).
- 2520 sq ft space divided into two separate lease spaces, each with its own utilities.
- Ample parking available.
- Metal fence perimeter for security.
- Additional storage building in the back.
- Central air cooling and electric heating.
Overview
Local Financial Insights For Retail
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 | $45.4k | $18.00 |
| − Vacancy | −$2.5k | −$1.01 |
| EGI | $42.8k | $16.99 |
| − OpEx | −$12.8k | −$5.10 |
| NOI | $30.0k | $11.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lampasas
- County
- Lampasas
- State
- Texas
- Longitude
- -98.181078
- Latitude
- 31.05959
