Lake Travis View Mixed-Use
For Sale
$747,000
15101 Foy DR, Austin, TX 78734
Mixed-use property with expansive views near Lake Travis.
Property Size1,855 SF
Price / SF$402.70
Days on Market586
Property Features for 15101 Foy DR
General Information
Standard status
Active
Size
1,855 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$8,158
Building Details
Building Size
1,855 SF
Year Built
1999
Listing Agency:
All City Real Estate Ltd. Co
Listed By:
Della Newton · License #412285
(866) 277-6005
Source:
Localcolorrealestateaustin
Added: Jan 30, 2025
Changed: Sep 8
Last Checked: Aug 9 at 8:23AM
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 All City Real Estate Ltd. Co
Investment Insights
Based on property information with market context.
Located at a high point in the Lake Travis area, this mixed-use property offers expansive hill country views, including Lake Travis and the Dam in the distance. The property presents an opportunity to live and conduct business. The custom home, constructed in 1998 by Hausman Homes, features main living areas upstairs to maximize the view. The residence includes three living areas and a 2.5-car garage. The property is enhanced by hundreds of Oak trees and a sliding gated entrance with fencing on three sides. The location is a few minutes from RR 620 and Lake Travis Elementary, and near Lake Travis, Mansfield Dam, Lakeway, Hamilton Greenbelt, Swim Center, Canyonlands, and shopping. The location is suitable for working in north or south Austin areas. The property is 1855 square feet.
Key Highlights
- Expansive hill country view with Lake Travis & the Dam in the distance.
- Rare mixed‑use property allowing both residential and business use.
- Minutes from RR 620, Lake Travis, Mansfield Dam, Lakeway amenities, and LT Elementary.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,303
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,060
$626.1K
Cap Rate 7%
$447,186
$447.2K
Cap Rate 9%
$347,811
$347.8K
Market Conditions
NOI Build-Up for 1,855 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.7K $30.00/SF
− Vacancy
−$5.6K −$3.00/SF
EGI
$50.1K $27.00/SF
− OpEx
−$18.8K −$10.13/SF
NOI
$31.3K $16.88/SF
Area
Austin, TX
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,060
Cap Rate 7%
$447,186
Cap Rate 9%
$347,811
Alternative Uses
Best Use
Mixed Use
$447.2K
$391.3K – $521.7K
NOI $31,303 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.9K
$636.1K – $848.1K
NOI $50,884 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 78734, TX
22,963
Population
10,885
Households
2.1
Avg Household Size
47
Median Age
59%
College-Educated
94%
High-School Grad
18.9 sq mi
ZIP Area
1,215
Density / Sq Mi
$129,116
Median Household Income
$67,881
Median Earnings
$1,930
Median Rent
$626,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with expansive views near Lake Travis.
Where is this mixed-use property located?
The property is located at 15101 Foy DR Austin, TX.
What is the asking price?
The asking price for this property is $747,000.
What are key features of this property?
This property features: Expansive hill country view with Lake Travis & the Dam in the distance.; Rare mixed‑use property allowing both residential and business use.; Minutes from RR 620, Lake Travis, Mansfield Dam, Lakeway amenities, and LT Elementary.
