Mixed-Use Office
For Sale
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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 Market180
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
Units
42
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Douglas Diffie · License #TX 656858
(512) 338-7872
Source:
Crexi
Added: Apr 21
Changed: Oct 13
Last Checked: Oct 16 at 8:37AM
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
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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 / Yr
$102,344
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
