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$775,000

NAL Estimated Property Value

115 Norma Jean Blvd at State Hwy 71, Smithville, TX, 78957

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths6,000 Sq Ft
Mixed UseMixed Use
price_per_sqft$129.17 / sqft
Year BuiltBuilt in 2017

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

About this property

With over 200 feet of State Highway 71 frontage between Bastrop and Smithville, this is an easily accessible warehouse, office, and finished living space. This property is well placed in the urban triangle - 30 minutes from Austin city limits, and 90 minutes from San Antonio and Houston. Built in 2017, approximately 800 sq ft is currently office space, approximately 800 sq ft above that finished out as a fully occupiable one-bedroom apartment with laundry, and the remaining 4,800 sq ft on the ground floor is split equally between two warehouse areas. One side of the warehouse space is insulated and air conditioned and has a large roll up door. The second side has four roll-up doors, a 50amp RV hook up, a utility room, and is plumbed for a bathroom. The office, apartment and conditioned warehouse are currently leased at $3,000/mo. Use the income to offset your payments and build out the remaining 2,400 sq ft warehouse space to suit your needs. Due to the warehouse height, you could add a second floor and increase that to 4,800 sq ft of usable space. A workshop? More offices? More apartments? A combination of all? On 2.6 acres with streets on 3 sides, there is plenty of room to add more buildings. The sellers even have engineered plans to add nearly 11,000 sq ft of storage units on the acreage to add revenue – these plans will convey to you with the purchase.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

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Financing Details

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

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: Smithville

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115 Norma Jean Blvd at State Hwy 71 | Property Details | No Agent List