Versatile Commercial Space at
For Sale
$299,000
4229 Ranch Road 620 North Unit 217, Austin, TX 78734
Multi-use complex with 24/7 security and lake views.
Property Size1,100 SF
Price / SF$271.82
Days on Market1184
Property Features for 4229 Ranch Road 620 North Unit 217
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
1
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$4,686
Building Details
Year Built
2021
Buildings
1
Listing Agency:
eXp Realty, LLC
Listed By:
Elicia Michaud · License #0566438
(512) 657-7510
Source:
Compass
Added: Jul 11, 2023
Changed: Aug 9
Last Checked: Aug 9 at 9:06PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Commercial space is available at XSpace, a versatile multi-use complex designed to cater to various business needs. The complex offers 24-hour video surveillance for maximum security. Wide driveways, over 25 feet, provide full drive-up access to each unit. Each floor includes a kitchenette, multiple restrooms, and two showers. The complex ensures secure 24/7 access and features an advanced Bioclimatic (BAS) UL-approved needlepoint ionization air filtration system. Constructed with concrete and steel, XSpace features energy-efficient construction and a common entry lobby with a passenger elevator. A shared conference room, a lounge area with two televisions, a fully equipped kitchen, and a balcony offering views of Lake Travis and the Texas Hill Country are located on the fourth floor. The property has a size of 1100 square feet and is located at 4229 Ranch Road 620 North, Unit 217, Austin, TX 78734.
Key Highlights
- Breathtaking views of Lake Travis and the Texas Hill Country from the 4th‑floor balcony.
- Secure 24/7 access and 24‑hour video surveillance.
- Advanced Bioclimatic (BAS) UL‑approved needlepoint ionization air filtration system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,563
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,260
$371.3K
Cap Rate 7%
$265,186
$265.2K
Cap Rate 9%
$206,256
$206.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$3.3K −$3.00/SF
EGI
$29.7K $27.00/SF
− OpEx
−$11.1K −$10.13/SF
NOI
$18.6K $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 Rate 5%
$371,260
Cap Rate 7%
$265,186
Cap Rate 9%
$206,256
Alternative Uses
Best Use
Mixed Use
$265.2K
$232.0K – $309.4K
NOI $18,563 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.1K
$377.2K – $502.9K
NOI $30,174 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
273
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-use complex with 24/7 security and lake views.
Where is this mixed-use property located?
The property is located at 4229 Ranch Road 620 North Unit 217 Austin, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Breathtaking views of Lake Travis and the Texas Hill Country from the 4th‑floor balcony.; Secure 24/7 access and 24‑hour video surveillance.; Advanced Bioclimatic (BAS) UL‑approved needlepoint ionization air filtration system.
