Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5608 Clubhouse Dr Lago Vista, TX 78645

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $469,500

    Quadplex in growing lakeside community with lake access and amenities.

    Lot size:
    0.45 Acres

    Property Features for 5608 Clubhouse Dr

    General Information

    Property type
    Investment
    Standard status
    Contract
    Lot size
    0.45 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Emily Dieckmann
    Emily Dieckmann
    Source: Elliman

    Listing Agency: eXp Realty, LLC Listing Agent: Emily Dieckmann

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

    Learn more

    Overview

    Lago Vista Quadplex For Sale

    This multifamily property is located in the growing lakeside community of Lago Vista. The property benefits from access to POA amenities including lake access, parks, an RV park, fishing, and two fitness centers. The building features a view from the top floor. One unit is currently vacant, offering the possibility of owner occupancy. Renovations are underway. The current leases for the other three tenants expire in May, June, and July 2026. Current rents are below market value, with estimated market rents at $1300 monthly. The building was repainted in September 2025 and is also getting a new roof.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lago Vista
    County
    Travis
    State
    Texas
    Longitude
    -97.9930742
    Latitude
    30.4534072

    Nearby Similar for Sale

    • Contact for pricing
      14,610 SF

      Lago Vista Travis Plaza

      20811 Dawn Dr Lago Vista, TX 78645
      20811 Dawn Dr Lago Vis # TX 78645, Lago Vista, TX 78645
      View Details
    • $565,000

      Lago Vista Specialty Property

      Specialty property available for sale in Lago Vista, Texas.
      20105 Park Strip St, Lago Vista, TX 78645
      View Details
    • $469,500

      Lago Vista Quadplex For Sale

      Four-unit multifamily property in growing lakeside community with amenities.
      5608 Clubhouse Dr, Lago Vista, TX 78645
      View Details
    • $395,000

      Lago Vista Duplex with Income

      Duplex in Lago Vista with immediate income potential.
      7302 Bar K Ranch Rd, Lago Vista, TX 78645
      View Details
    • $1,750,000

      Lago Vista Apartment Building

      Ten-unit apartment building with lake and hill country views.
      20802 Bonanza St, Lago Vista, TX 78645
      View Details
    • Contact for pricing

      Remodeled Office Building Investment

      Remodeled office building with 100% occupancy and great frontage.
      20811 Dawn Dr, Lago Vista, TX
      View Details
    • $3,600,000
      11,608 SF

      New Construction Duplexes For Sale

      Fully leased, income-producing new construction duplexes with amenities.
      21210 Portsmouth Cv, Lago Vista, TX
      View Details
    • $399,500

      Updated Condo with Lake Travis Views

      Updated 3-bedroom condo with lake views and resort-style amenities.
      3404 American Dr, Lago Vista, TX 78645
      View Details
    • Contact for pricing
      14,610 SF

      Lago Vista Office Building For Sale

      Prime Office Space, Ample Parking, High Visibility
      20811 Dawn Dr, Lago Vista, TX 78645
      View Details
    • $3,600,000
      2,902 SF

      Lago Vista Office Complex - 4 Duplexes

      Fully Leased, 8-Unit Office Complex, High ROI
      21210 Portsmouth Cv, Lago Vista, TX 78645
      View Details
    • $399,500

      Lake Travis Condo with Rental Potential

      Updated condo with lake views, resort amenities, and rental income.
      3404 American Dr, Lago Vista, TX 78645
      View Details
    • Contact for pricing
      66,296 SF

      Lago Vista Village Shopping Center

      Prime Retail Center in Lago Vista, TX
      20900 Farm To Market Rd 1431, Lago Vista, TX 78645
      View Details

    FAQs

    What type of property is this?
    Quadplex - Quadplex in growing lakeside community with lake access and amenities.
    Where is this quadplex located?
    The property is located at 5608 Clubhouse Dr Lago Vista, TX.
    What is the asking price?
    The asking price for this property is $469,500.
    What are key features of this property?
    This property features: - Growing lakeside community with access to lake and POA amenities.; - Potential to live in one unit while renting out the others.; - Opportunity to increase rental income to estimated market value of $1300 per unit.
    (512) 645-4000
    Request Owner's contact information
    5608 Clubhouse Dr Lago Vista, TX 78645
    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.
    5608 Clubhouse Dr
    Lago Vista, TX 78645
    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
    5608 Clubhouse Dr Lago Vista, TX 78645
    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

    We can help!
    Listing Contact
    Emily Dieckmann
    Emily Dieckmann
    Real Estate License ID: 0651281
    (512) 645-4000 (888) 519-7431 (512) 289-2299
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!