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

    108 Mooney Cir Spicewood, TX 78669

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $988,000

    Luxury airplane hangar with living space at Spicewood Airport.

    Lot size:
    0.30 Acres

    Property Features for 108 Mooney Cir

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.30 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Teal Van Eman
    Source: Elliman

    Listing Agent: Teal Van Eman

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

    Learn more

    Overview

    Spicewood Airplane Hangar with Living

    Located within the Spicewood 88R airport in Central Texas, 108 Mooney Circle is a 60’ x 80’ airplane hangar designed for aviation enthusiasts. The hangar features insulation, heating, and a Schweiss Bi-fold door. The ground floor includes a fully equipped kitchen with stainless steel KitchenAid appliances and granite countertops, along with a full bathroom. The upstairs apartment is equipped with HVAC, a full bath, and a walk-in closet. The property includes a 5000-gallon filtered rainwater tank, two buried 500-gallon propane tanks, and a generator. This property offers access to the Hill Country aviation community.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Storage Facility Pet Grooming Service Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Spicewood
    County
    Travis
    State
    Texas
    Longitude
    -98.1242863
    Latitude
    30.4774332

    Nearby Similar for Sale

    • $1,800,000
      2,839 SF

      Unrestricted Spicewood Acreage with Historic Home

      45+ acres with fertile soil and historic home.
      7866 County Road 404, Spicewood, TX 78669
      View Details
    • $650,000
      144 SF

      Spicewood Metal Fabrication Shop

      2.1 acre metal fabrication shop near Hwy 71.
      320 Red Bluff Rd, Spicewood, TX 78669
      View Details
    • $2,900,000

      Income-Producing Hill Country Estate

      Luxury estate on 10 unrestricted acres, ideal for investment.
      4607 R O Dr, Spicewood, TX 78669
      View Details
    • $1,787,500

      Spicewood Industrial Property For Sale

      Industrial property available for purchase in Spicewood, Texas.
      22400 State Hwy 71 Hwy W, Spicewood, TX 78669
      View Details
    • $799,000
      2.10 Acres

      Spicewood Industrial Property - 2.1 Acres

      Spacious Industrial Shop & Office - Excellent Location
      320 Red Bluff Rd, Spicewood, TX 78669
      View Details
    • $10,000,000

      Luxury Spanish-Style Estate in Spicewood

      Scenic 37-acre estate with river frontage near Austin, Texas.
      3220 Fall Creek Estates Dr, Spicewood, TX 78669
      View Details
    • $2,500,000
      20.13 Acres

      Highway 71 Commercial Land Opportunity

      20 Acres, High Visibility, Prime Location
      8530 Highway 71, Spicewood, TX 78669
      View Details
    • $4,500,000
      1,560 SF

      525 Pace Bend Rd, Spicewood, TX 78669

      Commercial real estate • 1,560 SF
      525 Pace Bend Rd, Spicewood, TX 78669
      View Details
    • $459,900
      4,968 SF

      Spicewood Commercial Property Investment

      High-Income Potential, 12 Storage Units
      2650 County Rd 414 Dr, Spicewood, TX 78669
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - Luxury airplane hangar with living space at Spicewood Airport.
    Where is this aviation real estate located?
    The property is located at 108 Mooney Cir Spicewood, TX.
    What is the asking price?
    The asking price for this property is $988,000.
    What are key features of this property?
    This property features: - Located within the Spicewood 88R airport, a desirable aviation community in Central Texas.; - **60’ x 80’ insulated and heated airplane hangar with a Schweiss Bi-fold door.**; - Upstairs apartment with HVAC, full bath, and walk-in closet.
    (512) 636-7276
    Request Owner's contact information
    108 Mooney Cir Spicewood, TX 78669
    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.
    108 Mooney Cir
    Spicewood, TX 78669
    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
    108 Mooney Cir Spicewood, TX 78669
    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
    Teal Van Eman
    (512) 636-7276 (512) 831-6577
    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!