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    320 Red Bluff Road Spicewood, TX 78669

    View on Map
    For Sale
    $650,000

    COMMERCIAL - Spicewood, TX

    Property size:
    144 SF
    Lot size:
    2.10 Acres
    Added:
    Feb 22, 2024
    Days on Market:
    769
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 320 Red Bluff Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    038564
    Size
    144 SF
    Lot size
    2.10 Acres

    Taxes and HOA fees

    TaxDescription
    S7540 Shady Creek Ranches, Lot 28, Phase 1, 2.1 acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Wall Furnace
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1998
    Building materials
    Steel Frame, Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Deborah Carrington
    Deborah Carrington

    Listing agent Deborah Carrington License #0435564

    Listing office Texas Hills and Lakes RE P.O. Box 128, Spicewood, TX

    Listing date Feb 22, 2024

    MLS# 167522

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spicewood Metal Fabrication Shop

    This 2.1-acre property, located in Spicewood, TX, has operated as a metal fabrication and welding shop for 25 years. The property includes a large shop of approximately 4000 square feet with doors at both ends, a separate 144 square feet building used as an office, and two storage sheds. The property is fenced on two sides and unrestricted. Electrical service includes two 240 amp services. A full RV hookup with 50 amp service is available. The yard provides ample space for heavy equipment and features a full turnaround/drive-through area for trucks. The location is near Highway 71, Lake Travis, and Marble Falls, offering convenient access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Hotel & Motel Department Store Kitchen & Bath Showroom HVAC Service Storage Facility Garden Center Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spicewood
    County
    Travis
    State
    Texas
    Longitude
    -98.1189338
    Latitude
    30.4611033

    Nearby Similar for Sale

    • $1,395,000
      4,605 SF

      Spicewood Mixed-Use Income Property

      Rare 2.5-acre Hill Country compound with mixed-use flexibility.
      11151 State Highway 71, Spicewood, TX 78669
      View Details
    • $10,000,000

      Luxury Spanish-Style Estate in Spicewood

      Scenic 37-acre estate with river frontage near Austin, Texas.
      Spicewood, TX 78669
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 2.1 acre metal fabrication shop near Hwy 71.
    Where is this manufacturing property located?
    The property is located at 320 Red Bluff Road Spicewood, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Unrestricted 2.1 acre property suitable for commercial use.; Large 4000 sq.ft. metal fabrication/welding shop with doors at both ends.; Two 240 amp electrical services and one full RV hookup with 50 amp service.
    (512) 785-9314
    We can help!
    Listing Contact
    Deborah Carrington
    Deborah Carrington
    Real Estate License ID: 0435564
    Learn More
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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
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