Commercial Land in Georgetown
1957 Co Rd 107, Hutto, TX 78634
Land with commercial potential near Texas State University.
Type:Industrial, Land, Mixed Use, Office, Special Purpose
Property size:
4,779 SFPrice / SF:
$272/SF- Added:
- Apr 6, 2024
- Days on Market:
- 788
- Last Refresh:
- May 12 at 10:49 pm
Property Features for 1957 Co Rd 107
General Information
- Standard status
- Active
- Size
- 4,779 SF
- Property subtype
- Industrial, Land, Mixed Use, Office, Special Purpose
Listing agent Mo Sheikh License #0558184
Listing office Moteeva
Listing date Apr 6, 2024
Source Crexi
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 Moteeva
HighLights
- Located in Georgetown ETJ with no zoning restrictions, ideal for commercial/industrial use.
- Residential structure converted for commercial use with 7 rooms, 5 baths, 2 lounges, break room, kitchen, and work shed.
- Proximity to Texas State University, Austin Community College (ACC), Ascension Seton Hospital, and established neighborhoods.
- Designated as an "Employment Center" on the future land use map, supporting commercial/industrial development.
- Equipped with industrial‑grade solar panels.
- Versatile property suitable for various businesses including office, auto sales/repair, landscaping, assisted living, or bar/lounge.
Overview
This property, located in the Georgetown Extraterritorial Jurisdiction (ETJ), presents commercial potential within a rapidly expanding industrial area. The property includes a residential structure converted for commercial use, featuring 7 rooms, 5 baths, two lounges, a break room, a kitchen, and a work shed equipped with 30- and 50-amp outlets. Potential uses include an office building with yard space, auto sales, an auto workshop, a tow yard, a landscaping or granite business, an assisted living or hospice care facility, or a neighborhood bar and lounge with a pool and patio. The property is located approximately 5 miles from Texas State University, Austin Community College (ACC), and Ascension Seton Hospital, and is near the Teravista, Vizcaya and Paloma Lake neighborhoods. The future land use map designates this area as an "Employment Center," earmarking it for commercial or industrial use. Utility services include water from Jonah Water SUD, an onsite septic system, and electric service by Oncore. The property is also equipped with industrial-grade solar panels. The property size is 4779 square feet. There is a conceptual plan for sewer service expansion by the City of Round Rock.
Local Financial Insights For Office B
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 | $200.7k | $42.00 |
| − Vacancy | −$48.8k | −$10.21 |
| EGI | $151.9k | $31.79 |
| − OpEx | −$38.0k | −$7.95 |
| NOI | $114.0k | $23.85 |
4,779 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,958 @ 7.0% cap · market cap 8.77%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,150 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,842 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Hutto
- County
- Williamson
- State
- Texas
- Longitude
- -97.585236
- Latitude
- 30.599127
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Land with commercial potential near Texas State University.
Where is this commercial land located?
The property is located at 1957 Co Rd 107 Hutto, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Located in Georgetown ETJ with no zoning restrictions, ideal for commercial/industrial use.; Residential structure converted for commercial use with 7 rooms, 5 baths, 2 lounges, break room, kitchen, and work shed.; Proximity to Texas State University, Austin Community College (ACC), Ascension Seton Hospital, and established neighborhoods.
