Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Raw Land in East Austin Title is generated by Realmo AI

    000 Lott Ave, Austin, TX 78721

    View on Map
    Claim this Listing
    For Sale
    $550,000

    2+/- acres of raw land, great opportunity for developers.

    Type:Land
    Lot size:
    1.99 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    188
    Last Refresh:
    May 19 at 8:47 pm

    Property Features for 000 Lott Ave

    General Information

    Standard status
    Active
    Lot size
    1.99 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    John Hidrogo

    Listing agent John Hidrogo

    Listing office

    Listing date Nov 27, 2025

    Source Elliman

    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 John Hidrogo

    HighLights

    • Opportunity to acquire 2.5 acres in East Austin.
    • Potential for development due to the combined acreage.
    • Adjoining half‑acre lot available for purchase to provide street access.
    • Land is in East Austin.
    • Three residential lots combined into one.
    • Raw land allows for customization.

    Overview

    This property features approximately 2 acres of raw land situated in East Austin. According to the listing information, the lot is currently landlocked. An adjoining half-acre lot, which comprises three residential lots, is also available for sale, potentially providing street access. This presents a development opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.6843
    Latitude
    30.267

    Nearby Similar for Sale

    • $650,000

      Unrestricted Land Near New Development

      Five-acre unrestricted property suitable for commercial or residential projects.
      9604 Thaxton Road, Austin, TX 78747
      View Details
    • $10,950,000
      5,402 SF

      Westlake Land with Subdivision Potential

      Private Westlake land with downtown views and subdivision potential.
      1601 Wild Basin Ledge, Austin, TX 78746
      View Details
    • $900,000

      Austin Land: Prime Commercial Location

      Unimproved land near US 290/MOPAC interchange, ideal for development.
      4605 Boston Lane, Austin, TX 78735
      View Details
    • $1,850,000
      4,036 SF

      Versatile Commercial Building in Avery Ranch

      Multi-tenant building in high-traffic location suitable for various uses.
      10521 Parmer Ln, Austin, TX 78717
      View Details
    • $1,700,000
      4,000 SF

      Austin Mixed-Use Commercial Property

      Versatile property on 3.644 acres, ideal for various businesses.
      6950 Us Highway 183 S, Austin, TX 78744
      View Details
    • $495,000
      39,204 SF

      East Austin Land Parcel Opportunity

      Rare 0.90-acre vacant parcel in a dynamic East Austin corridor.
      2907 E Martin Luther King Jr Blvd # Austin TX 78702, Austin, TX 78702
      View Details
    • $2,950,000

      Unrestricted Land Near Austin Hotspots

      Unrestricted land near ABIA, downtown Austin, and Tesla Gigafactory.
      6981 McKinney Falls PKWY, Austin, TX 78744
      View Details
    • $395,000

      Residential Land in Austin, TX

      Corner lot near downtown Austin, ideal for building a home.
      506 Clover, Austin, TX 78745
      View Details
    • $550,000

      Land in Texas Hill Country

      6-acre land offers privacy, beauty, and convenience.
      13921 Nutty Brown Road lot: 74, Austin, TX 78737
      View Details
    • $425,000

      Austin Land in St. Johns

      Prime lot in St. Johns neighborhood, ideal for development.
      7109 Bennett Avenue lot: 12, Austin, TX 78752
      View Details
    • $509,000
      1,256 SF

      South Congress Live/Work Condo

      Versatile 1,256 sq ft live/work space on South Congress.
      4361 S Congress Ave 106, Austin, TX 78745
      View Details
    • $4,200,000
      6,500 SF

      East Austin Commercial Property

      Versatile commercial property near US-183 corridor in East Austin.
      5225 E Cesar Chavez St, Austin, TX 78702
      View Details

    FAQs

    What type of property is this?
    Land - 2+/- acres of raw land, great opportunity for developers.
    Where is this land located?
    The property is located at 000 Lott Ave Austin, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Opportunity to acquire 2.5 acres in East Austin.; Potential for development due to the combined acreage.; Adjoining half‑acre lot available for purchase to provide street access.
    (512) 680-2010
    We can help!
    Listing Contact
    John Hidrogo
    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
    000 Lott Ave, Austin, TX 78721
    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!