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$450,000

700 E Polk St, Burnet, TX, 78611

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths2,146 Sq Ft
OfficeOffice
price_per_sqft$209.69 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Vinyl

Exterior

Lot Size7,501 sqft

Building Information

Year Built1940
Roof Type109

Land Information

APN12478
Lot Number1
SubdivisionKerr Donation (5 Ac Blocks)
Land UseCommercial
Legal DescriptionS4150 KERR DONATION (5 AC BLOCKS) LOT 1 BLK 3 (PT OF 5 AC)
Census Tract960301
Assessed Land Value$90,000
Assessed Improvement Value$207,990
Assessment Year2025

About this property

Prime location on Hwy 29 in Burnet. Great visibility with high traffic flow. Income producing. 2 Suite office building available for sale or Suite B can be leased. Each suite has one bathroom, storage room, small kitchenette, and a private entrance. Large suite has double exterior doors leading into a large lobby and 4 private offices. Small suite has private entrance, reception area, open office space, 2 private offices and small kitchenette/storage room. Paved private parking lot and outside storage room. Privacy fenced back yard. City/public parking is across the street with crosswalks and lights in place. Next door to El Rancho and across the street from Mojos. All utilities furnished, except internet. Spectrum is available.

Investor Tools

$336,062Estimated Mortgage Balance
$293,894Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Cindy Bailey

Hanszen-Bailey Real Estate Ser

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$499/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,518
$293,894
2025
$90,000
$207,990
$297,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,518
$293,894

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Llano National Bank
Purchase Money Mortgage
$360,000
No
First
Oct 13, 2022
Oct 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$336,062
N/A
0%
114%
$2,159/mo

City: Burnet

700 E Polk St | Property Details | No Agent List