Climate-Controlled Automotive
For Sale
$159,000
4229 Ranch Road 620 N #122, Austin, TX 78734
The unit includes smartphone-managed entry and access to shared owner amenities, including a conference room and rooftop terrace.
Property Size434 SF
Price / SF$366.36
Days on Market93
Property Features for 4229 Ranch Road 620 N #122
General Information
Standard status
Active
Size
434 SF
Property subtype
Commercial
Site & Location
Neighborhood
Mansfield--River Place
Additional Details
Automotive Uses
vehicle storage
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$8,019
Amenities
owners' lounge
full kitchen
living area
conference room
rooftop terrace
24/7 monitored security
video surveillance
smartphone-controlled access
Building Details
Building Size
434 SF
Year Built
2021
Buildings
1
Listing Agency:
DeVillar Properties
Listed By:
George DeVillar
(512) 639-0258
Source:
Devillarproperties
Added: Jul 24
Changed: Oct 23
Last Checked: Oct 23 at 4:19PM
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 DeVillar Properties
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Investment Insights
Based on property information with market context.
This 434-square-foot automotive condominium at XSpace Car Condominiums provides climate-controlled space for vehicle or equipment storage. The property was built in 2021 and includes 24/7 monitored security, video surveillance, and smartphone-controlled access. Shared owner facilities include a third-floor lounge with a kitchen, living area, and conference room, plus a rooftop terrace with views of Lake Travis and Lake Austin.
The condominium is located at 4229 Ranch Road 620 N in Austin, between Lakeway, Bee Cave, Steiner Ranch, Four Points, and Lake Travis.
The condominium is located at 4229 Ranch Road 620 N in Austin, between Lakeway, Bee Cave, Steiner Ranch, Four Points, and Lake Travis.
Key Highlights
- 434‑square‑foot climate‑controlled automotive condo
- Built in 2021
- 24/7 monitored security, video surveillance, and smartphone‑controlled access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,642
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,840
$152.8K
Cap Rate 7%
$109,171
$109.2K
Cap Rate 9%
$84,911
$84.9K
Market Conditions
NOI Build-Up for 434 SF
Gross rent
$11.3K $26.04/SF
− Vacancy
−$384 −$0.89/SF
EGI
$10.9K $25.15/SF
− OpEx
−$3.3K −$7.55/SF
NOI
$7.6K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,840
Cap Rate 7%
$109,171
Cap Rate 9%
$84,911
Alternative Uses
Best Use
Retail
$109.2K
$95.5K – $127.4K
NOI $7,642 @ 7.0% cap · market cap 4.81%
Second Best
Industrial
$55.5K
$48.5K – $64.7K
NOI $3,883 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$170.1K
$148.8K – $198.4K
NOI $11,905 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
20k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
13,762 visits/mo
0.3 miles
Exxon
Shops & Services
6,706 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Austin, TX
Similar Off Market Nearby
- Enterprise Rent-A-Car — 3205 Ranch Rd 620 N, Austin, TX 78734
Frequently Asked Questions
What type of property is this?
Automotive property - The unit includes smartphone-managed entry and access to shared owner amenities, including a conference room and rooftop terrace.
Where is this automotive property located?
The property is located at 4229 Ranch Road 620 N #122 Austin, TX.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 434‑square‑foot climate‑controlled automotive condo; Built in 2021; 24/7 monitored security, video surveillance, and smartphone‑controlled access
