Lakeway Warehouse on High-Traffic
For Sale
Contact for pricing
3217 Ranch Rd 620 N, Austin, TX 78734
Warehouse on 0.563 acres with high visibility and accessibility.
Property Size7,440 SF
Lot Size0.56 Acres
Price / SF$201.61
Days on Market175
Property Features for 3217 Ranch Rd 620 N
General Information
Standard status
Active
Size
7,440 SF
Total Parking Spaces
6
Lot size
0.56 Acres
Property subtype
Industrial, Mixed Use
Lease Type
Gross
Building Details
Year Built
1992
Units
1
Tenancy
Single
Listing Agency:
KW Commercial
(512) 784-2345
Listed By:
Alice Duffy · License #TX 0681288
Source:
Crexi
Added: Mar 2
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This commercial property is situated on 0.563 acres along Ranch Road 620 North in Lakeway, Texas. The site includes a 2,508 square-foot warehouse. Located within the Austin ETJ and utilizing a septic system, the property offers flexibility. It benefits from frontage on a well-traveled corridor and high daily traffic counts, providing exposure for commercial, service, or light industrial uses. The property is suitable for owner-users, investors, or businesses seeking a strategic location.
Key Highlights
- Prime commercial location on RR 620 in Lakeway, TX.
- Includes a 2,508 SF warehouse.**
- High visibility with exceptional frontage and high daily traffic counts.**
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
$66,568
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
4.44%
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%
$1,331,360
$1.3M
Cap Rate 7%
$950,971
$951.0K
Cap Rate 9%
$739,644
$739.6K
Market Conditions
NOI Build-Up for 7,440 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
$110.7K $14.88/SF
− Vacancy
−$15.6K −$2.10/SF
EGI
$95.1K $12.78/SF
− OpEx
−$28.5K −$3.83/SF
NOI
$66.6K $8.95/SF
Area
Austin, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
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%
$1,331,360
Cap Rate 7%
$950,971
Cap Rate 9%
$739,644
Alternative Uses
Best Use
Industrial
$951.0K
$832.1K – $1.11M
NOI $66,568 @ 7.0% cap · market cap 4.44%
Second Best
Flex RnD
$883.0K
$772.7K – $1.03M
NOI $61,813 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,084 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse on 0.563 acres with high visibility and accessibility.
Where is this flex space located?
The property is located at 3217 Ranch Rd 620 N Austin, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime commercial location on RR 620 in Lakeway, TX.; Includes a 2,508 SF warehouse.**; High visibility with exceptional frontage and high daily traffic counts.**
