Building Details

Building Size 2,458 SF

Year Built 1967

Listing Agency: Compass RE Texas, LLC

Listed By: Don Cox · License #0656135 Show Phone

Source: Austinchoicerealty

Added: Jun 24 Changed: Oct 31 Last Checked: Oct 31 at 1:46AM

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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 Compass RE Texas, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The property includes a duplex that is identified as a teardown. The available offering presents a redevelopment opportunity on the existing parcel.

The address is 1204 Yaupon Valley Rd in West Lake Hills, TX, approximately five miles west of downtown. Public remarks note that new construction is prevalent in the area.

Because the duplex is stated to be a teardown, buyers should plan for substantial redevelopment to reposition the property for their intended use.

Key Highlights

• Duplex on the property is a teardown
• Located about 5 miles west of downtown
• Property offers redevelopment opportunity in West Lake Hills, TX

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,217

Cap Rate

4.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$824,340 $824.3K

Cap Rate 7%

$588,814 $588.8K

Cap Rate 9%

$457,967 $458.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,458 SF

Gross rent

$61.9K $25.20/SF

− Vacancy

−$3.1K −$1.24/SF

EGI

$58.9K $23.96/SF

− OpEx

−$17.7K −$7.19/SF

NOI

$41.2K $16.77/SF

Area

Travis County, TX

Vacancy

4.94%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$824,340

Cap Rate 7%

$588,814

Cap Rate 9%

$457,967

Alternative Uses

Best Use

Multifamily LT 5

$588.8K

$515.2K – $687.0K (±1% cap)

NOI $41,217 @ 7.0% cap · market cap 4.63%

Second Best

Apartment 5plus

$538.3K

$471.0K – $628.0K (±1% cap)

NOI $37,679 @ 7.0% cap · market cap 4.23%

Theoretical Best

Office A

$1.03M

$899.1K – $1.20M (±1% cap)

NOI $71,925 @ 7.0% cap · market cap 8.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

1,045

Businesses Nearby

Explore this area Business Placement

Demographics for 78746, TX

29,106

Population

11,897

Households

2.4

Avg Household Size

41

Median Age

83%

College-Educated

99%

High-School Grad

22.9 sq mi

ZIP Area

1,271

Density / Sq Mi

$183,028

Median Household Income

$92,124

Median Earnings

$2,097

Median Rent

$1,352,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Duplex on the property is a teardown, offering an opportunity for redevelopment in West Lake Hills, TX.

Where is this duplex located?

The property is located at 1204 Yaupon Valley RD Unit A&B West Lake Hills, TX.

What is the asking price?

The asking price for this property is $890,000.

What are key features of this property?

This property features: Duplex on the property is a teardown; Located about 5 miles west of downtown; Property offers redevelopment opportunity in West Lake Hills, TX