Mixed-Use Property with Hill Country
For Sale
$747,000
15101 Foy Dr, Austin, TX 78734
Rare mixed-use property with expansive views near Lake Travis.
Property Size1,855 SF
Lot Size3.23 Acres
Days on Market151
Property Features for 15101 Foy Dr
General Information
Standard status
Active
Size
1,855 SF
Lot size
3.23 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,158
Building Details
Building Size
1,855 SF
Year Built
1999
Listing Agency:
All City Real Estate
(512) 658-1861
Listed By:
Della Newton · License #412285
(512) 658-1861
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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
Investment Insights
Based on property information with market context.
This mixed-use property offers a rare opportunity to live and operate a business. Most properties on the 15000 block of Foy Drive are mixed-use, offering flexibility for various uses. The custom home, constructed in 1998 by Hausman Homes, features main living areas upstairs to maximize the expansive hill country views, including Lake Travis and the Dam in the distance. A sliding gated entrance and fencing on three sides enhance privacy. The property includes a 2.5-car garage, providing ample space for vehicles, tools, and recreational equipment. The comfortable home features three living areas, offering flexibility for family or business use. The location is a few minutes from Lake Travis Elementary, Lake Travis, Mansfield Dam, Lakeway, Hamilton Greenbelt, Swim Center, Canyonlands and shopping. The location is suitable for working in north or south Austin areas. O’Reilly is on the scheduled list to be paved. The property features hundreds of Oak trees.
Key Highlights
- Expansive hill country view with Lake Travis and Dam views.
- Mixed‑use property suitable for living and business.
- Solid quality construction by Hausman Homes.
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
$37,788
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
5.06%
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%
$755,760
$755.8K
Cap Rate 7%
$539,829
$539.8K
Cap Rate 9%
$419,867
$419.9K
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
$66.6K $35.88/SF
− Vacancy
−$16.2K −$8.72/SF
EGI
$50.4K $27.16/SF
− OpEx
−$12.6K −$6.79/SF
NOI
$37.8K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
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%
$755,760
Cap Rate 7%
$539,829
Cap Rate 9%
$419,867
Alternative Uses
Best Use
Office B
$539.8K
$472.4K – $629.8K
NOI $37,788 @ 7.0% cap · market cap 5.06%
Second Best
Mixed Use
$447.2K
$391.3K – $521.7K
NOI $31,303 @ 7.0% cap · market cap 4.19%
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
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Rare 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 and Dam views.; Mixed‑use property suitable for living and business.; Solid quality construction by Hausman Homes.
