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$509,470

702 S Commerce St, Lockhart, TX, 78644

Off MarketInfo
CommercialInfo
Baths1,386 Sq Ft
OfficeOffice
price_per_sqft$352.81 / sqft
Year BuiltBuilt in 1930

Highlights

Interior

Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling

Exterior

Lot Size33,062 sqft

Building Information

Year Built1930
Stories1
Garage Spaces1

Land Information

APN0300017-003-120-00
SubdivisionLockhart, Byrd
Land UseCommercial
Legal DescriptionA017 LOCKHART, BYRD, ACRES .759
Census Tract960300
Assessed Land Value$332,940
Assessed Improvement Value$176,530
Assessment Year2025

About this property

This property has been home to the Lockhart Chamber of Commerce for many years. There is frontage on Hwy 183 for signage. Property is flat to sloping- street grade level building area - This .757 acre site has all public utilities either connected or available. Access is from Commerce St.; site visibility from Hwy 183. There is a large protected oak (by deed restriction ) at the Hwy 183 frontage which may limit access from hwy 183; a conversation to be had with City of Lockhart Development Services about a curb cut and possible access due to possible construction in a critical root zone. Other trees on site are protected by a Lockhart City Tree Ordinance. These trees bring the character to this property; close proximity to downtown and to local shopping. Parking is private. The office building itself has been updated to private offices, reception, conference room, and a kitchen area. There is handicapped parking and access in the rear and there are two handicap bathrooms. Office building is on a pier/beam foundaton and leveling done in recent years. Windows are double pane. there is a carport with storage on a slab. Zoning is CLB

Investor Tools

Property Icon
$509,470
Estimated Property Value
$441,000Estimated Mortgage Balance
$92,016Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,057 /month
Positive
Cash Flow Estimate:
$1,019 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,018/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,671
$509,470
2025
$332,940
$176,530
$509,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,671
$509,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southstar Bank Ssb
Stand Alone First / Home Equity First Lien
$441,000
No
First
Jun 29, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,165
$91,305
17%
82%
$2,645/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: Lockhart

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702 S Commerce St | Property Details | No Agent List