Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23310 State Hwy 71 Spicewood, TX 78669

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 10.5-acre commercial land, Hwy 71 frontage.

    Property Features for 23310 State Hwy 71

    General Information

    Property type
    Land
    Lot Size
    457,380 SF

    We can help!

    Listing Contact
    Marcus Whitfield
    Marcus Whitfield

    Listing Agent: Marcus Whitfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 10.5-acre commercial land parcel presents a unique investment opportunity in the thriving Spicewood, Texas market. Located on State Highway 71, at the intersection of Hwy 71 and Pace Bend Rd (FM 2322), this property boasts approximately 540 feet of highway frontage, providing unparalleled visibility and accessibility. Situated east of the intersection, it enjoys a highly desirable location adjacent to established businesses such as McCoy's and Chevron. The property's strategic location offers easy access to major transportation routes, placing it just 22 miles west of Austin's Central Business District, 8 miles west of Lakeway, and 16 miles east of Marble Falls. A significant advantage is its unique topography: while offering an immediate rise above the highway for excellent visibility, the land then levels off into a largely flat expanse, presenting significant development potential. Currently unzoned, this property offers flexibility for a wide range of commercial uses. This is one of the few flat sites available on Hwy 71 in this area, making it a truly rare and valuable opportunity. The address is 23310 State Hwy 71, Spicewood, TX 78669, within Travis County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Hotel & Motel Electrical Service Clothing & Fashion Store Computer & Electronic Repair Wine and Liquor Store Bed & Breakfast (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spicewood
    County
    Travis
    State
    Texas
    Longitude
    -98.083255
    Latitude
    30.384088

    Nearby Similar for Sale

    • $1,800,000
      2,839 SF

      Unrestricted Spicewood Acreage with Historic Home

      45+ acres with fertile soil and historic home.
      7866 County Road 404, Spicewood, TX 78669
      View Details
    • $650,000
      144 SF

      Spicewood Metal Fabrication Shop

      2.1 acre metal fabrication shop near Hwy 71.
      320 Red Bluff Rd, Spicewood, TX 78669
      View Details
    • $699,000

      Spicewood Industrial Property for Sale

      Industrial property available in Spicewood, Texas, priced at $699,000.
      200 Sky King Dr, Spicewood, TX 78669
      View Details
    • $459,900

      Warehouse with Storage Unit Potential

      Warehouse with storage units and income-producing potential.
      2650 County Rd 414 Dr, Spicewood, TX 78669
      View Details
    • $1,930,000

      Spicewood Industrial Property For Sale

      Industrial property available for purchase in Spicewood, Texas.
      22400 State Hwy 71 Hwy W, Spicewood, TX 78669
      View Details
    • $1,445,000

      Spicewood Ranch Land For Sale

      Spicewood, Texas ranch land available for purchase.
      5012 Hupedo Ranch Rd, Spicewood, TX 78669
      View Details
    • $2,900,000

      Income-Producing Hill Country Estate

      Luxury estate on 10 unrestricted acres, ideal for investment.
      4607 R O Dr, Spicewood, TX 78669
      View Details
    • $1,199,900

      Spicewood Ranch with Bluff Views

      15-acre ranch in Spicewood with views and rustic buildings.
      25900 Red Brangus Rd, Spicewood, TX 78669
      View Details
    • $2,190,000

      Warehouse with Income-Producing Apartments

      Warehouse with two apartments on 7 acres in Spicewood.
      21511 W State Hy 71 W, Spicewood, TX 78669
      View Details
    • Contact for pricing

      Spicewood Specialty Property For Sale

      Specialty property available for purchase in Spicewood, Texas.
      797 Glendale Rd, Spicewood, TX 78669
      View Details
    • Contact for pricing

      Spicewood Specialty Property for Sale

      Specialty property available in Spicewood, Texas.
      109 Lazy Oak Pl, Spicewood, TX 78669
      View Details
    • Contact for pricing

      Spicewood Specialty Property For Sale

      Specialty property available in Spicewood, Texas.
      24005 Pedernales Cyn Trl, Spicewood, TX 78669
      View Details

    FAQs

    What type of property is this?
    Land - Prime 10.5-acre commercial land, Hwy 71 frontage.
    Where is this land located?
    The property is located at 23310 State Hwy 71 Spicewood, TX.
    What are key features of this property?
    This property features: 10.5-acre commercial land parcel in Spicewood, TX, on State Highway 71.; High visibility with ~540' of highway frontage at Hwy 71 & Pace Bend Rd (FM 2322).; Desirable location near established businesses (McCoy's, Chevron), 22 miles west of Austin CBD.
    (512) 476-9900 Call to check price and availability
    Request Owner's contact information
    23310 State Hwy 71 Spicewood, TX 78669
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23310 State Hwy 71
    Spicewood, TX 78669
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23310 State Hwy 71 Spicewood, TX 78669
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marcus Whitfield
    Marcus Whitfield
    Real Estate License ID: 512525
    (512) 476-9900 (512) 656-1622
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!