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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1307 2 St Marble Falls, TX 78654

    • Office Properties & Spaces
    • 4,551 SF
    • 0.29 lot acres
    For Lease
    View listing
    $1,800 /Mo
    Value Estimations
    $355,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3914362
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1307 2 St

    Year built
    2003
    Lot size
    0.29 lot acres
    Property size
    4,551 SF
    Property type
    Office Properties & Spaces
    APN
    29292
    APU
    29292

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $390,000
      Market price range: $275k - $777k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $510,000
      Current use
      WAREHOUSE, STORAGE
      $525,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $500,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marble Falls
    County
    Burnet
    State
    Texas
    Longitude
    -98.283
    Latitude
    30.5738

    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
    $9,424
    $144,900
    $428,697
    $573,597
    -
    $144,900
    $428,697
    $573,597

    Comparable in this City

    • Value Estimation
      $535,000
      12,087 SF

      1004 Marble Hts Dr

      OFFICE (GENERAL) • 12,087 SF
      1004 Marble Hts Dr, Marble Falls, TX 78654-4543
      View Details
    • Value Estimation
      $455,000
      5,500 SF

      710 1st St

      OFFICE (GENERAL) • 5,500 SF
      710 1st St, Marble Falls, TX 78654-5752
      View Details
    • Value Estimation
      $620,000
      11,760 SF

      110 Ave H H

      OFFICE (GENERAL) • 11,760 SF
      110 Ave H H, Marble Falls, TX 78654-5774
      View Details
    • Value Estimation
      $310,000
      2,700 SF

      1107 Ave K K

      OFFICE (GENERAL) • 2,700 SF
      1107 Ave K K, Marble Falls, TX 78654-5010
      View Details
    • Value Estimation by Request
      1,258 SF

      Corazon Dr

      Medical offices • 1,258 SF
      0 Corazon Dr, Marble Falls, TX 78654
      View Details
    • Value Estimation
      $325,000
      1,960 SF

      2004 Us Hwy 281

      OFFICE (GENERAL) • 1,960 SF
      2004 Us Hwy 281, Marble Falls, TX 78654-4318
      View Details

    Similar Nearby for Sale

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      Updated mixed-use property in the heart of Marble Falls, Texas.
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      Marble Falls Commercial Space Available

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      Multi-use property with office space and high traffic visibility.
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      Granite Shoals Commercial Building For Sale

      Versatile commercial building in Granite Shoals with high visibility.
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      Highway Frontage Commercial Property

      Multi-use commercial property with highway frontage and development potential.
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      Highway Frontage Commercial Property

      2,440 SF commercial property on Highway 281 in Marble Falls.
      3411 N Us Highway 281, Marble Falls, TX 78654
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    Similar Nearby for Lease

    • Contact for pricing
      5,701 SF

      Marble Falls Executive Office Space

      Prime Marble Falls Office, 689 SF Available
      809 12 St, Marble Falls, TX 78654
      View Details
    • $1,770 /Mo

      Retail/Office Space on Hwy 281

      Retail or office space for lease with highway frontage.
      1614 N Us Hwy 281 Hwy, Marble Falls, TX 78654
      View Details
    • $600 /Mo
      16,988 SF

      Professional Office Space For Rent

      Professional office space in high-traffic Marble Falls location.
      808 9 St, Marble Falls, TX 78654
      View Details
    • $900 /Mo
      525 SF

      Prime Retail/Office Space, Marble Falls

      Versatile space in the heart of Marble Falls, Texas.
      815 6 St, Marble Falls, TX 78654
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    • $1,800 /Mo
      12,632 SF

      Commercial Space in Marble Falls

      Versatile commercial space in a rapidly growing community.
      1307 2 St, Marble Falls, TX 78654
      View Details
    • $1,050 /Mo
      32,234 SF

      Marble Falls Office Space Available

      Office space for rent in Marble Falls, available September 1st.
      1800 Mormon Ml Rd, Marble Falls, TX 78654
      View Details
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    1307 2 St
    Marble Falls, TX 78654
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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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