Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Hwy 71 Bee Cave, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land available for development at Hwy 71 and Palmero Drive.

    Type:LAND
    Lot size:
    3.76 Acres
    Added:
    Jan 6, 2023
    Days on Market:
    1216
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for Hwy 71

    General Information

    Standard status
    Active
    Lot size
    3.76 Acres
    Property subtype
    LAND

    Spaces For Lease

    at Hwy 71 Contact us

    We can help!

    Listing Contact
    Grant C. Barrett

    Listing agent Grant C. Barrett

    Listing office Carr Development, Inc.

    Listing date Jan 6, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Carr Development, Inc.

    HighLights

    • Pad development opportunity at a high‑traffic corner of Hwy 71 and Palmero Drive.
    • Located in a strong growth corridor with significant residential and commercial development.
    • Bee Cave ETJ allows for diverse uses: restaurant, retail, medical, and office.
    • All utilities are provided to the site.
    • Adjacent to the established Colinas Crossing retail center.
    • Cross access agreement with future Calloway’s Nursery.

    Overview

    Hwy 71 Pad Site Opportunity

    This pad site offers a development opportunity at the corner of Hwy 71 and Palmero Drive. It is adjacent to the Colinas Crossing retail center and at the entrance to the Bella & Terra Colinas neighborhood developments. Located in a strong growth corridor with significant residential and commercial development, the site is in Bee Cave ETJ, allowing for restaurant, retail, medical, and office uses. All utilities are provided, and there is cross access with the future Calloway’s Nursery.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bee Cave
    County
    Travis
    State
    Texas
    Longitude
    -97.7501
    Latitude
    30.2164

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Hill Country Galleria

      12600 Bee Cave Pkwy, Bee Cave, TX 78738
      View Details
    • Contact for pricing

      Retail Space in Bee Cave

      Thriving mixed-use development with superior visibility and high income demographics.
      3500 Ranch Road 620 S, Bee Cave, TX 78738
      View Details
    • Contact for pricing

      Hill Country Restaurant Opportunity

      Second-generation restaurant space near Lakeway Regional Medical Center.
      3480 Ranch Rd 620 S, Bee Cave, TX
      View Details
    • Contact for pricing

      Bee Cave Office Space

      Office space available for lease in Bee Cave, Texas.
      13413 Galleria Circle, Bee Cave, TX 78738
      View Details
    • Contact for pricing

      Mixed-Use Complex with Retail & Office

      Multi-use complex featuring retail, office, apartments, and residential condominiums.
      12700 Hill Country Boulevard, Bee Cave, TX 78738
      View Details
    • $34 SF/Yr

      Medical Office Space in Bee Cave

      Newly built medical office near Baylor Scott & White Hospital.
      3944 Ranch Rd 620 S, Bee Cave, TX
      View Details
    • Contact for pricing

      Retail Building on Falcon Head

      Stand-alone retail building with frontage on Falcon Head Boulevard.
      3500 Ranch Rd 620 S, Bee Cave, TX
      View Details
    • $52 SF/Yr

      Upscale Office Space in Bee Cave

      Modern, fully furnished office space in Hill Country Galleria.
      12600 Hill Country Boulevard Suite R-275, Bee Cave, TX 78738
      View Details
    • Contact for pricing

      Bee Cave Office Space Available

      Move-in ready office or lab space in Bee Cave, TX.
      13413 Galleria Cir, Bee Cave, TX 78738
      View Details
    • Contact for pricing

      Retail Space with Highway Visibility

      Retail space for lease with excellent highway visibility.
      12400 W Hwy 71, Bee Cave, TX
      View Details
    • Contact for pricing

      New Construction Retail/Office/Medical Space

      New construction retail, medical, or office space in Bee Cave.
      15955 State Hwy 71, Bee Cave, TX
      View Details
    • Contact for pricing

      Retail Space Near Hill Country

      Retail space adjacent to Hill Country Galleria with strong tenant mix.
      12909 Shops Pkwy, Bee Cave, TX
      View Details

    FAQs

    What type of property is this?
    Land - Land available for development at Hwy 71 and Palmero Drive.
    Where is this land located?
    The property is located at Hwy 71 Bee Cave, TX.
    What are key features of this property?
    This property features: Pad development opportunity at a high‑traffic corner of Hwy 71 and Palmero Drive.; Located in a strong growth corridor with significant residential and commercial development.; Bee Cave ETJ allows for diverse uses: **restaurant, retail, medical, and office**.
    (512) 306-1771 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Grant C. Barrett
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Hwy 71, Bee Cave, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!