Building Details

Year Built 1967

Listing Agency: Compass RE Texas, LLC

Listed By: Don Cox (512) 575-3644 · License #259218 Show Phone

Source: Seeaustinareahouses

Added: Jul 6 Changed: Nov 1 Last Checked: Nov 1 at 5:56AM

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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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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

Suggested Use

Top Pick Auto Repair Shop Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store Garden Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Where is this residential land & home lot 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.