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Property profile & analytics
OFF-MARKET
Commercial real estate

711 Water St Bastrop, TX 78602-3829

1,396 SF 0.24 ac lot Built 1958
Individually Owned ~ Est. High Equity
Property ID
US82-5945875
Property summary
AI-generated overview

This exceptional mixed-use property, located at 711 Water St in Bastrop, TX, presents a unique investment opportunity. Boasting 1,208 square feet on a 0.24-acre lot, this P4 zoned property enjoys prominent road frontage on both Walnut and Water Streets. Its strategic position directly behind the Bastrop County Courthouse and only one block from Main Street ensures high visibility and accessibility. The versatile zoning allows for a variety of uses, making it suitable for retail businesses seeking a bustling downtown location, office spaces needing a central and convenient address, or residential development capitalizing on the vibrant Bastrop community. The property's prime location offers significant potential for growth and return on investment. The substantial size of the lot provides ample space for development or expansion, while the existing structure presents a solid foundation for immediate occupancy or renovation. This is an unparalleled chance to acquire a highly desirable commercial property in the heart of Bastrop's thriving downtown area. Don't miss this opportunity to own a piece of Bastrop's rich history and bright future. The asking price is $500,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Total area 1,396 SF
Lot 0.24 ac (10,629 SF)
APN R33568
UPID US82-5945875
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mcmarion Karl
Mcmarion Karl
since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2025
Price N/A
2025
Price N/A
2025
Price N/A
2025
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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