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 Market632
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
(512) 658-1861
Source:
Localcolorrealestateaustin
Added: Jan 30, 2025
Changed: Sep 8
Last Checked: Oct 23 at 1:28PM
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
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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 / Yr
$31,303
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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.
