408 S Main St, Lampasas, TX 76550
For Sale
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This 8,440-square-foot single-tenant flex/warehouse space at 408 S Main Street in Lampasas, Texas, presents a unique opportunity. Located in the heart of downtown, this Class C property boasts a prime location, just across from the Lampasas Police Department and two blocks from the historic downtown square. The building, constructed in 1976 and extensively renovated in 2024, offers a 12'-15' ceiling height, perfect for various uses. With eight drive-in bays and five total parking spaces, access and convenience are maximized. The property features new roll-up doors with automatic openers, providing easy access for loading and unloading. The flexible layout allows for customization to suit a tenant's specific needs, making it ideal for businesses such as automotive repair, roofing, HVAC, plumbing, or even retail ventures. The 0.38-acre lot has a building floor area ratio (FAR) of 51. The property is zoned for retail use and benefits from its proximity to major highways (183, 281, and 190). The estimated delivery date as a shell is December 1st, 2024. Annual property taxes are approximately $0.60 per square foot. The building is served by 3-phase, 200-amp power. This property is offered on a triple net (NNN) lease basis at an estimated $2.25 per square foot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.