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$216,120

NAL Estimated Property Value

1004 S Key Ave, Lampasas, TX, 76550

Off MarketInfo
LeaseInfo
CommercialInfo
Baths0 Bath
Baths946 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1940

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size10,934 sqft

Building Information

Year Built1940

Land Information

APN1665
Land UseCommercial
Legal DescriptionLOT:N PT OF 2,S1/2 OF 3, BLK: 92 ADDN: L S C 1ST & 31 OF N PT OF 3 LOCCD:94
Census Tract950500
Assessed Land Value$98,280
Assessed Improvement Value$117,840
Assessment Year2025

About this property

Did you know that three major US highways flow through Lampasas? (known as Key Avenue) There's always something going on in Lampasas! Take a look at this ready-to-go restaurant space! Between the bustling Mojos and Donut Palace! No drive-through, but the success of this current tenant didn't require a drive-through! Car hops are used next door at MoJo's, and that works for them. The interior allows for plenty of indoor seating, and outdoor seating could be established as well. Excellent BUSY Highway frontage and sidewalk traffic too. ADA restroom and additional rooms for storage. What's your dream!? Come take a look

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,273
$216,120
2025
$98,280
$117,840
$216,120
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,273
$216,120

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$216,120
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lampasas

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1004 S Key Ave | Property Details | No Agent List