Updated Ground Floor
For Sale
$224,900
8600 FATHOM Circle #1107, Austin, TX 78750
Stylish, updated condo with pool view, convenient location.
Property Size900 SF
Price / SF$249.89
Days on Market454
Property Features for 8600 FATHOM Circle #1107
General Information
Standard status
Active
Size
900 SF
Property subtype
Condominium
Amenities
Fireplace
Electric
Central Air
Fireplace(s)
Central
Washer/Dryer Stacked
Dishwasher
Disposal
Microwave
Oven
Refrigerator
Stainless Steel Appliance(s)
Porch, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Tile
Building Details
Building Size
900 SF
Year Built
1983
Listing Agency:
Austin NW
Listed By:
Patricia Smith · License #352734
(512) 431-5074
Source:
Kw
Added: Jun 29, 2025
Changed: Sep 22
Last Checked: Sep 24 at 3:19PM
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 Austin NW
Investment Insights
Based on property information with market context.
This updated ground floor condo offers a floorplan all on one level, overlooking the pool area and greenspace. The spacious living room features a fireplace and leads to a covered patio. The kitchen includes butcher-block counters, stainless backsplash, stainless appliances, a farm sink, and a breakfast bar. Conveniently located near Hwy 183 and Spicewood Springs Rd, it is next to Balcones Country Club. The area provides numerous shopping and restaurant options. The HOA covers water, sewer, and trash. Cats are allowed, but dogs are not. The property is located within the RRISD, specifically Canyon Vista and Westwood.
Key Highlights
- Rare ground floor unit with a single‑level floor plan overlooking a pool and greenspace.
- Updated kitchen featuring butcher‑block counters, stainless steel backsplash and appliances, and a farm sink.
- Convenient location near Highway 183 and Spicewood Springs Road, next to Balcones Country Club, with easy access to shopping and restaurants.
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
$12,220
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
5.43%
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%
$244,400
$244.4K
Cap Rate 7%
$174,571
$174.6K
Cap Rate 9%
$135,778
$135.8K
Market Conditions
NOI Build-Up for 900 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
$23.4K $26.04/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$22.2K $24.69/SF
− OpEx
−$10.0K −$11.11/SF
NOI
$12.2K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$244,400
Cap Rate 7%
$174,571
Cap Rate 9%
$135,778
Alternative Uses
Best Use
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,220 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.7K
$308.6K – $411.5K
NOI $24,688 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Stylish, updated condo with pool view, convenient location.
Where is this apartment building located?
The property is located at 8600 FATHOM Circle #1107 Austin, TX.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Rare ground floor unit with a single‑level floor plan overlooking a pool and greenspace.; Updated kitchen featuring butcher‑block counters, stainless steel backsplash and appliances, and a farm sink.; Convenient location near Highway 183 and Spicewood Springs Road, next to Balcones Country Club, with easy access to shopping and restaurants.
