Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Twilight Gdn Austin, TX 78749

    • Land
    • 18.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Twilight Gdn

    Lot size
    18.80 lot acres
    Property type
    Land

    Description

    This exceptional 18.8-acre commercial land parcel presents a remarkable build-to-rent opportunity in Austin, Texas. Located in Travis County, zip code 78749, near the desirable Circle C North and Legend Oaks neighborhoods, this property boasts unparalleled access to Central Texas via the 71/290 corridor. Zoned SF-1-CO-NP, the site is ready for immediate development. Detailed site development plans are complete and ready for submission, streamlining the building process. The property is uniquely positioned to capitalize on the high demand for rental housing in the area. According to a recent city code amendment (Home Initiative), the site allows for the construction of 48 build-to-rent homes, with three homes permitted per lot (16 lots of 0.5+ acres each). All necessary off-site utilities are readily available, eliminating significant infrastructure hurdles. This turnkey project offers a substantial return on investment for developers seeking a prime location and a streamlined development path. The asking price for this exceptional opportunity is $4,900,000. Don't miss this chance to acquire a highly sought-after commercial land parcel in one of Austin's most desirable areas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8558
    Latitude
    30.2175

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      6605 Hill Oaks Dr

      Land • 0.28 Acres
      6605 Hill Oaks Dr, Austin, TX 78749
      View Details
    • Value Estimation by Request
      147,065 SF

      6316 Legado Ln

      Land • 147,065 SF
      6316 Legado Ln, Austin, TX 78749
      View Details
    • Value Estimation by Request
      0.27 Acres

      6603 Hill Oaks Dr

      Land • 0.27 Acres
      6603 Hill Oaks Dr, Austin, TX 78749
      View Details
    • Value Estimation by Request
      84,942.00 Acres

      6110 Hill Forest Dr

      Land • 84,942.00 Acres
      6110 Hill Forest Dr, Austin, TX 78749
      View Details
    • Value Estimation
      $425,000
      39,970 SF

      6500 Brush Country Rd

      COMMERCIAL (GENERAL) • 39,970 SF
      6500 Brush Country Rd, Austin, TX 78749-1403
      View Details
    • Value Estimation by Request
      10,900 SF

      5815 William Cannon Dr

      Office Properties & Spaces • 10,900 SF
      5815 William Cannon Dr, Austin, TX 78749
      View Details

    Similar Nearby for Sale

    • $985,000
      84,942.00 Acres

      Austin Land: Prime Development Opportunity

      Shovel-ready, 2+ acre Austin site
      6110 Hill Forest Dr, Austin, TX 78749
      View Details
    • $699,900

      Land for Sale in Austin

      Land available in Austin, Texas for $699,900.
      5013 Cana Cv Cv, Austin, TX 78749
      View Details
    • Contact for pricing
      4,409 SF

      South Austin Medical Office Building

      Prime Medical Office, Austin, TX
      4601 Chesney Ridge Dr, Austin, TX 78749
      View Details
    • Contact for pricing
      2,917 SF

      Southwest Austin Office Condo For Sale

      Move-in ready office condo, prime location.
      5920 William Cannon Dr, Austin, TX 78749
      View Details
    • $965,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
      6110 Blanco River Pass, Austin, TX 78749
      View Details
    • Contact for pricing
      3,698 SF

      Medical Office Space Available

      Tenant-occupied medical office space with ground-level access for sale.
      5920 W William Cannon Dr, Austin, TX 78749
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      147,065 SF

      Garza Ranch Executive Offices

      Austin Office Space: 34,065 - 38,097 SF Available
      6316 Legado Ln, Austin, TX 78749
      View Details
    • $1,795 /Mo
      1,997 SF

      Updated Duplex with Large Backyard

      Single-story duplex featuring updated interiors and a spacious backyard.
      7503 Saint Amant Pl, Austin, TX 78749
      View Details
    • $950 /Mo

      Office Space Available For Rent

      Office space for rent at $11 per square foot.
      6012 W William Cannon Dr, Austin, TX 78749
      View Details
    • $29 SF/Yr
      1,541 SF

      Office Space with Lobby Signage

      18,080 SF office space with monument and lobby signage.
      5000 Davis Ln, Austin, TX 78749
      View Details
    • Contact for pricing
      37,500 SF

      Class A Office Space Available

      Class A office space for rent in Austin, Texas.
      3800 Ben Garza Ln, Austin, TX 78749
      View Details
    • $29 SF/Yr
      25,750 SF

      Austin Office/Retail Investment Opportunity

      South Austin multi-tenant complex, high visibility
      6001 William Cannon Dr, Austin, TX 78749
      View Details
    Request Owner's contact information
    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.
    Twilight Gdn
    Austin, TX 78749
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.