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    1007 Broadway St Marble Falls, TX 78654-5549
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    1007 Broadway St Marble Falls, TX 78654-5549

    View on Map
    • Investment properties
    • 8,000 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US82-5581946
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1007 Broadway St

    Year built
    2003
    Lot size
    0.46 lot acres
    Property size
    8,000 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    28893
    APU
    28893

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $685,000
      Market price range: $484k - $1.37M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $900,000
      Current use
      WAREHOUSE, STORAGE
      $925,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $875,000
      Change: -3% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marble Falls
    County
    Burnet
    State
    Texas
    Longitude
    -98.2761
    Latitude
    30.5779

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $232,737
    $774,172
    $1,006,909
    -
    $232,737
    $774,172
    $1,006,909

    Comparable in this City

    • Value Estimation
      $1,670,000
      17,213 SF

      2106 Us Hwy 281

      OFFICE/RESIDENTIAL (MIXED USE) • 17,213 SF
      2106 Us Hwy 281, Marble Falls, TX 78654-4320
      View Details
    • Value Estimation
      $995,000
      21,600 SF

      1514 Us Hwy 281

      OFFICE/RESIDENTIAL (MIXED USE) • 21,600 SF
      1514 Us Hwy 281, Marble Falls, TX 78654-4581
      View Details
    • Value Estimation
      $680,000
      5,800 SF

      1802 Us Hwy 281st, Unit 1810

      OFFICE/RESIDENTIAL (MIXED USE) • 5,800 SF
      1802 Us Hwy 281st, Marble Falls, TX 78654-4314
      View Details
    • Value Estimation
      $835,000
      13,000 SF

      2413 Commerce St

      OFFICE/RESIDENTIAL (MIXED USE) • 13,000 SF
      2413 Commerce St, Marble Falls, TX 78654-3914
      View Details
    • Value Estimation
      $720,000
      4,419 SF

      301 Gtwy N Gtwy

      OFFICE/RESIDENTIAL (MIXED USE) • 4,419 SF
      301 Gtwy N Gtwy, Marble Falls, TX 78654-6317
      View Details
    • Value Estimation
      $595,000
      5,600 SF

      407 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,600 SF
      407 Main St, Marble Falls, TX 78654-5777
      View Details

    Similar Nearby for Sale

    • $399,000
      1,242 SF

      Mixed-Use Property in Marble Falls

      Mixed-use property in the heart of Marble Falls, Texas.
      508 Avenue G, Marble Falls, TX 78654
      View Details
    • $2,150,000
      8.43 Acres

      Highway Frontage Commercial Property

      Multi-use property with highway frontage and development potential.
      5526 N Us Highway 281 U.S, Marble Falls, TX 78654
      View Details
    • $339,000
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      Commercial Property in Marble Falls

      Commercial property with a house on a corner lot.
      607 5Th St, Marble Falls, TX 78654
      View Details
    • $45,000
      0.22 Acres

      Granite Shoals Double Lot Opportunity

      Two adjoining lots in Granite Shoals, near Lake LBJ.
      Cedarhill Dr, Granite Shoals, TX 78654
      View Details
    • $140,000
      0.44 Acres

      Granite Shoals Land Opportunity

      Four contiguous lots near Lake LBJ in Granite Shoals.
      Valley View Ln, Granite Shoals, TX 78654
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    Similar Nearby for Lease

    • $300 /Mo

      Spacious Storage Unit Available

      625 sq ft storage unit for equipment or inventory.
      1007 Avenue K, Marble Falls, TX 78654
      View Details
    • $3,900 /Mo
      12,197 SF

      Remodeled Commercial Space on Highway

      High-visibility Marble Falls commercial space, move-in ready and recently updated.
      2000 N Us Highway 281, Marble Falls, TX 78654
      View Details
    • $2,250 /Mo
      3,000 SF

      Granite Shoals Commercial Building For Lease

      3,000 sqft commercial building for lease in Granite Shoals.
      1510 Churchill Dr, Granite Shoals, TX 78654
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      Industrial warehouse space for lease with convenient access to highways.
      2703 Commerce St, Marble Falls, TX 78654
      View Details
    • New
      $1,250 /Mo
      32,234 SF

      Office Space in Marble Falls

      Professional office space available for rent in Marble Falls, TX.
      1800 Mormon Mill Rd, Marble Falls, TX 78654
      View Details
    • Contact for pricing

      Marble Falls Retail/Restaurant/Medical Space

      6,000 SF retail, restaurant, and medical space for lease.
      1840 Us Highway 281, Marble Falls, TX 78654
      View Details
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    1007 Broadway St
    Marble Falls, TX 78654-5549
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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