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    21210 Portsmouth Cv Lago Vista, TX 78645

    For Sale
    $3,600,000

    Fully Leased, 8-Unit Office Complex, High ROI

    Property size:
    2,902 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a fully leased, Class A office complex in Lago Vista, Texas. The property consists of four newly constructed duplex buildings, totaling eight units, each boasting 1,451 square feet. Each unit features three bedrooms, two and a half bathrooms, and a two-car garage. The complex offers a total of 2,902 square feet of leasable space and is currently operating at 100% occupancy. Built in 2023, these modern units are situated near Highland Lakes Estates off Boggy Ford Road, providing stunning lake and Hill Country views. Amenities include proximity to docks and parks. Individual units are priced at $900,000, with the option to purchase one to four units as a package. The asking price for the entire complex is $3,600,000, representing a strong return on investment for an owner/user or investor seeking a turnkey, income-producing property in a desirable location. This multi-tenant property is situated in Travis County, Texas, with the address being 21210 Portsmouth Cove, zip code 78645. The property is a two-story building.

    Property Features for 21210 Portsmouth Cv

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,902 SF
    Class
    A

    Building Details

    Year Built
    2023
    Buildings
    4
    Stories
    2
    Units
    8

    HighLights

    • Four new construction duplexes, each unit offering 1,451 square feet, three bedrooms, two and one‑half baths, and a two‑car garage.
    • Each duplex unit is priced at $900,000.
    • Located near Highland Lakes Estates off Boggy Ford Road, offering lake and Hill Country views.
    • Property is fully leased, generating immediate income.
    • Units are available for individual purchase or as a package of up to four.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lago Vista
    County
    Travis
    State
    Texas
    Longitude
    -98.0123116
    Latitude
    30.434096

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased, 8-Unit Office Complex, High ROI
    Where is this office property / space located?
    The property is located at 21210 Portsmouth Cv Lago Vista, TX.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Four new construction duplexes, each unit offering 1,451 square feet, three bedrooms, two and one-half baths, and a two-car garage.; Each duplex unit is priced at $900,000.; Located near Highland Lakes Estates off Boggy Ford Road, offering lake and Hill Country views.
    (512) 814-1825
    Request Owner's contact information
    21210 Portsmouth Cv Lago Vista, TX 78645
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    Lago Vista, TX 78645
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    Realmo Value Estimation

    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.

    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.

    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
    21210 Portsmouth Cv Lago Vista, TX 78645
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