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Property profile & analytics
OFF-MARKET Estimated value $2,595,000
Commercial real estate

1009 4th St Lampasas, TX 76550-2932

32,422 SF 0.5 ac lot Built 1940
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-5578852
Property summary
AI-generated overview

This exceptional Lampasas property at 1009 E Fourth St offers 15,000 square feet of versatile commercial space, ideal for a variety of businesses. The single-story building sits on a 0.49-acre lot and features two suites, with a minimum divisible space of 1,480 square feet and a maximum of 3,272 square feet. Currently, 4,752 square feet are vacant, presenting a significant opportunity for expansion or new tenancy. The property's classification includes retail, office, and industrial uses, encompassing warehouse, flex, medical office, and traditional office subtypes. Its prime location on high-traffic East Fourth Street provides excellent visibility and accessibility. The building benefits from its proximity to downtown Lampasas, offering convenient access to local amenities and a strong customer base. Existing tenants include a fitness center, a beauty spa and salon, and a soon-to-open smoothie shop, creating a vibrant and established commercial environment. A tenant improvement allowance is available to assist with build-out costs. This is a rare opportunity to secure a well-located, adaptable commercial space in a thriving Texas community. The property is located in Lampasas, Texas, zip code 76550.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 32,422 SF
Lot 0.5 ac (21,649 SF)
APN 461
UPID US82-5578852
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Green Keepers Lawn and Landscape Landscaping General Contractor
  • Felicia Finch Studio at Lotus Spa and Salon Hair Salon
  • Lotus Beauty Spa and Salon Hair Salon Nail Salon
  • Anytime Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.76M
Blend (final) Blend
$2.60M
Owner & transaction history
1009 E 4th LLC · 2 yrs held
1009 E 4th LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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