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

    9077 Jollyville Road Austin, TX 78759

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000

    Large flat lot with possibilities on Jollyville Road.

    Type:Commercial Sale / Mixed Use
    Property size:
    1,126 SF
    Added:
    Jun 21, 2021
    Days on Market:
    1761
    Last Refresh:
    Mar 13 at 1:20 pm

    Property Features for 9077 Jollyville Road

    General Information

    Standard status
    Active
    Size
    1,126 SF
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    Mike Hammonds
    Mike Hammonds

    Listing agent Mike Hammonds License #0553949

    Listing office Moreland Properties

    Listing date Jun 21, 2021

    Source Compass

    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 Moreland Properties

    Overview

    Jollyville Road Commercial Conversion Opportunity

    This property presents an opportunity due to its location and large, flat lot. Currently operating as a hair salon, the structure is a residential property that underwent a commercial conversion. The existing residential zoning allows for rebuilding. Situated on Jollyville Road between 360 and Mopac, the property offers visibility while maintaining privacy. It provides convenient access to 183, Mopac, and 360. The property has 1126 square feet of space and is suitable for mixed-use, retail, and office purposes.
    Location Intelligence

    Current Use by Public Records

    A'Salon Hair Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.74304
    Latitude
    30.3815635

    Nearby Similar for Sale

    • $465,000
      1,870 SF

      Austin Duplex with Development Potential

      Duplex in Austin with development potential and seller financing.
      8507 Georgian Drive, Austin, TX 78753
      View Details
    • $380,000

      Land For Sale, Austin, TX

      Land available for sale in Austin, Texas.
      5606 1/2 Joe Sayers Avenue lot: 17, Austin, TX 78756
      View Details
    • $1,839,000
      5,034 SF

      South Austin Medical/Office Investment

      Fully leased medical/office building in South Austin with high visibility.
      9811 Austin Tx 78744 BLDG 1, Austin, TX 78744
      View Details
    • $925,000

      Stylish Mixed-Use Home Near Congress

      Modern, flexible home near South Congress with mixed-use zoning.
      206 E Live Oak St C, Austin, TX 78704
      View Details
    • $699,000
      1,480 SF

      Austin Commercial Property with Character

      1,480 sqft commercial property in vibrant Austin neighborhood.
      1107 West 45th Street, Austin, TX 78756
      View Details
    • $2,200,000
      3,200 SF

      Highway 290 Frontage Commercial Property

      Versatile commercial property with excellent frontage and visibility on Highway 290.
      9221 Highway 290 W, Austin, TX 78736
      View Details
    • $5,750,000
      10,986 SF

      North Austin Retail Investment Opportunity

      Fully occupied retail building with strong income in prime location.
      9710 N Lamar Blvd, Austin, TX, 78753-4112
      View Details
    • $3,950,000
      14,085 SF

      Modern Retail Buildings on RR 620

      Two renovated retail buildings totaling 14,085 SF on 1.292 acres.
      9900 Ranch Rd 620, Austin, TX 78726
      View Details
    • $475,000
      962 SF

      Adaptable South Congress Commercial Space

      High-visibility live/work space ideal for retail or creative office.
      4361 Congress Ave., Austin, TX 78745
      View Details
    • $849,000

      Bouldin Creek Live/Work Storefront

      Live/work storefront in vibrant Bouldin Creek neighborhood.
      2209 S 1st St 107, Austin, TX 78704
      View Details
    • $1,400,000

      South Austin Condo Office Suite

      Gated office condo with flexible layout and lifestyle amenities.
      5900 Southwest Pkwy 401, Austin, TX 78735
      View Details
    • $960,000

      NNN Investment Opportunity in Austin

      Fully leased single-tenant commercial asset in North Austin.
      4603 Commercial Park Dr, Austin, TX 78724
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Large flat lot with possibilities on Jollyville Road.
    Where is this mixed-use property located?
    The property is located at 9077 Jollyville Road Austin, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Large, flat lot with residential zoning and rebuild potential.; Excellent visibility on Jollyville Road.; Convenient location between 360 and Mopac, with easy access to 183.
    (512) 983-6603
    We can help!
    Listing Contact
    Mike Hammonds
    Mike Hammonds
    Real Estate License ID: 0553949
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!