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$796,613

NAL Estimated Property Value

1404 S Water St, Burnet, TX, 78611

Off MarketInfo
CommercialInfo
Baths2,029 Sq Ft
price_per_sqft$689.5 / sqft
Year BuiltBuilt in 2019

Highlights

Interior

FlooringTile, Carpet Free

Exterior

Lot Size30,056 sqft

Building Information

Year Built2019

Land Information

APN114175
Lot Number2,A
SubdivisionHoney Creek Plaza Subdivision
Land UseCommercial
Legal DescriptionS5228 HONEY CREEK PLAZA SUBDIVISION LOT 2-A .69
Census Tract960301
Assessed Land Value$240,451
Assessed Improvement Value$556,162
Assessment Year2025

About this property

Investment Opportunity in a fast growing Central Texas town approximately 45 minutes from North Austin. New home construction circles the City of Burnet with hundreds of families projected to move in during the next 12-24 months, resulting in a demand for more commercial/restaurant locations. This existing restaurant sits on busy Hwy 281 South in Burnet approximately 10 miles from Marble Falls. Burnet County has become a vacation/get-a-way destination for people who enjoy outdoor activity. Burnet County is known for the 5 Highland Lakes, Spider Mountain Bike Park, Reveille Peak Ranch, Canyon of the Eagles Resort and Inks Lake State Park just to name a few. Call and make an appointment to check out this rare opportunity.

Investor Tools

Property Icon
$796,613
Estimated Property Value
$0Estimated Mortgage Balance
$796,613Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,394 /month
Positive
Cash Flow Estimate:
$2,798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,564/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,780
$796,613
2025
$240,451
$556,162
$796,613
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,780
$796,613

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$796,613
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: Burnet

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