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    For Sale (12)

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    Lake Austin Waterfront Ranchette
    $24,995,000
    33.13 Acres

    Lake Austin Waterfront Ranchette

    33+/- acre property on Lake Austin with 550+/- ft waterfront.

    Undisclosed, Austin, TX 78732
    View details
    Lake Travis Waterfront Cove Property
    $6,500,000
    2.73 Acres

    Lake Travis Waterfront Cove Property

    Rare 2.75-acre Lake Travis property with 635' waterfrontage.

    15919 Booth Cir, Volente, TX 78641
    View details
    Unrestricted Land Near Austin Hotspots
    $2,950,000
    7.00 Acres

    Unrestricted Land Near Austin Hotspots

    Unrestricted land near ABIA, downtown Austin, and Tesla Gigafactory.

    6981 Mckinney Falls Pkwy, Austin, TX 78744
    View details
    Premier Hill Country Homesite Opportunity
    $375,000
    6.00 Acres

    Premier Hill Country Homesite Opportunity

    6-acre homesite with panoramic views in Legacy Hills.

    180 Lookout Mtn Rd, Johnson City, TX 78636
    View details
    Spicewood Acre Homesite Opportunity
    $495,000
    1.00 Acres

    Spicewood Acre Homesite Opportunity

    One-acre homesite in lakefront community with extensive amenities.

    18509 Flying J Blvd, Spicewood, TX 78669
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    Corner Lot with Lake Views
    $45,000
    0.29 Acres

    Corner Lot with Lake Views

    Large corner lot in Horseshoe Bay with lake views.

    500 Branding Iron, Horseshoe Bay, TX 78657
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    Cottonwood Shores Multi-Lot Opportunity
    Contact for pricing
    0.11 Acres

    Cottonwood Shores Multi-Lot Opportunity

    Two adjacent lots in Cottonwood Shores, near Lake Marble Falls.

    732 Aspen Ln, Cottonwood Shores, TX 78657
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    Texas Hill Country Land
    $259,000
    5.06 Acres

    Texas Hill Country Land

    Scenic land with exotic animals in Texas Hill Country.

    315 Dry Bear Crk, New Braunfels, TX 78132
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    Texas Hill Country Gated Community
    $245,000
    1.36 Acres

    Texas Hill Country Gated Community

    Dream home lot with lake views in Mystic Shores.

    1281 Mystic Pkwy, Spring Branch, TX 78070
    View details
    Wimberley Multi-Residence Income Property
    $1,400,000
    4,493 SF

    Wimberley Multi-Residence Income Property

    Multi-unit property with income potential, energy efficiency, and sustainable features.

    310 Eagles Nest Dr, Wimberley, TX 78676
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    Cottonwood Shores Multi-Lot Opportunity
    Contact for pricing
    0.11 Acres

    Cottonwood Shores Multi-Lot Opportunity

    Available lots in Cottonwood Shores near Lake Marble Falls and LBJ.

    735 Birch Ln, Cottonwood Shores, TX 78657
    View details
    Land For Sale in Volente
    $6,500,000

    Land For Sale in Volente

    Land available in Volente, Texas.

    15919 Booth Cir, Volente, TX 78641
    View details

    For Lease (3)

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    East Austin Commercial Space Available
    $6,500 / Mo
    18,604 SF

    East Austin Commercial Space Available

    Flexible commercial space with parking in vibrant East Austin.

    1901 E 12Th St, Austin, TX 78702
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    Renovated Commercial Space with Yard
    $5,000 / Mo
    7,318 SF

    Renovated Commercial Space with Yard

    Adaptable 2,342 SF commercial space with outdoor area in Austin.

    2008 E 12Th St, Austin, TX 78702
    View details
    East Austin Commercial Space For Rent
    $6,500 / Mo

    East Austin Commercial Space For Rent

    Flexible commercial space with high visibility and ample parking.

    1901 E 12Th St, Austin, TX 78702
    View details

    Leases and Sales on Map

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    Request Owner's contact information
    Engel & Völkers Austin Westlake
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Engel & Völkers Austin Westlake
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