Mixed-Use Office
For Sale
Contact for pricing
909 Mountain Lion Cir, Harker Heights, TX 76548
Office-oriented property with B-3 and R1 zoning.
Property Size10,108 SF
Price / SF$168.18
Days on Market135
Property Features for 909 Mountain Lion Cir
General Information
Standard status
Active
Size
10,108 SF
Class
Class A
Total Parking Spaces
42
Property subtype
Retail, Office, Mixed Use
Zoning
B-3 and R1
Investment Type
Owner/User
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Marcus & Millichap - Austin
(512) 338-7872
Listed By:
Carter Blankner · License #835248
Source:
Crexi
Added: Apr 21
Changed: Aug 31
Last Checked: Aug 31 at 12:55AM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
Located at 909 Mountain Lion Cir in Harker Heights, this mixed-use property provides 10,108 square feet of office space. The building was constructed in 2009 and is identified as Class A in the property information. Zoning designations are B-3 and R1, supporting the asset’s mixed-use and office positioning.
Key Highlights
- 10,108 square feet of office space
- B‑3 and R1 zoning designations
- Constructed in 2009
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
$102,344
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
6.02%
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%
$2,046,880
$2.0M
Cap Rate 7%
$1,462,057
$1.5M
Cap Rate 9%
$1,137,156
$1.1M
Market Conditions
NOI Build-Up for 10,108 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
$181.9K $18.00/SF
− Vacancy
−$18.2K −$1.80/SF
EGI
$163.7K $16.20/SF
− OpEx
−$61.4K −$6.07/SF
NOI
$102.3K $10.13/SF
Area
Bell County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,046,880
Cap Rate 7%
$1,462,057
Cap Rate 9%
$1,137,156
Alternative Uses
Best Use
Office B
$2.42M
$2.11M – $2.82M
NOI $169,077 @ 7.0% cap · market cap 9.95%
Second Best
Mixed Use
$1.46M
$1.28M – $1.71M
NOI $102,344 @ 7.0% cap · market cap 6.02%
Theoretical Best
Multifamily LT 5
$112.84M
$98.74M – $131.65M
NOI $7,898,917 @ 7.0% cap · market cap 464.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 76548, TX
32,714
Population
12,657
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
93%
High-School Grad
16.1 sq mi
ZIP Area
2,032
Density / Sq Mi
$80,847
Median Household Income
$44,090
Median Earnings
$1,113
Median Rent
$268,000
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?
Mixed-use property - Office-oriented property with B-3 and R1 zoning.
Where is this mixed-use property located?
The property is located at 909 Mountain Lion Cir Harker Heights, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 10,108 square feet of office space; B‑3 and R1 zoning designations; Constructed in 2009
