Multi-Tenant Office
801 Ranch Road 620 S, Lakeway, TX 78734
For Sale
$1,500,000
C-1 zoning and an adjoining development parcel add flexibility for future commercial use.
Property Size3,904 SF
Lot Size0.75 Acres
Price / SF$384.22
Days on Market299
Property Features for 801 Ranch Road 620 S
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Traffic Count
Road Access
Additional Details
Land Use
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Kathy Denny
(512) 718-4420
Source:
Clearblueproperties
Added: Jan 15
Changed: Nov 7
Last Checked: Nov 8 at 2:14PM
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 Compass RE Texas, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,904-square-foot office building occupies an approximately 20,577-square-foot site, or 0.4724 acres, and is fully leased to established tenants. Lease expirations are approaching, and a roof replacement was completed in 2024. An adjoining undeveloped parcel of approximately 12,000 square feet is included in the offering.
The property fronts Ranch Road 620, which carries 35,300 vehicles per day. Both parcels are zoned C-1 (Office / Retail), supporting a range of commercial options, including expansion or redevelopment.
The property fronts Ranch Road 620, which carries 35,300 vehicles per day. Both parcels are zoned C-1 (Office / Retail), supporting a range of commercial options, including expansion or redevelopment.
Key Highlights
- 3,904 SF office building on an approximately 20,577 SF site (0.4724 acres)
- Adjacent undeveloped parcel of approximately 12,000 SF
- Fully leased to established tenants, with near‑term lease expirations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,093
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,861,860
$1.9M
Cap Rate 7%
$1,329,900
$1.3M
Cap Rate 9%
$1,034,367
$1.0M
Market Conditions
NOI Build-Up for 3,904 SF
Gross rent
$164.0K $42.00/SF
− Vacancy
−$39.8K −$10.21/SF
EGI
$124.1K $31.79/SF
− OpEx
−$31.0K −$7.95/SF
NOI
$93.1K $23.85/SF
Area
Travis County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,861,860
Cap Rate 7%
$1,329,900
Cap Rate 9%
$1,034,367
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,093 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,089 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
35,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
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
Properties on Market for Office buildings in Travis County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-1 zoning and an adjoining development parcel add flexibility for future commercial use.
Where is this office building located?
The property is located at 801 Ranch Road 620 S Lakeway, 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: 3,904 SF office building on an approximately 20,577 SF site (0.4724 acres); Adjacent undeveloped parcel of approximately 12,000 SF; Fully leased to established tenants, with near‑term lease expirations
