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    Lago Vista, TX 78645
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    Lago Vista, TX 78645

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    • Office properties & Spaces
    • 11,000 SF
    • 4.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details

    Lot size
    4.10 lot acres
    Property size
    11,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional mixed-use property in Lago Vista, Texas, presents a compelling investment opportunity. Located at 20711 RM 1431, this 4.1-acre lot features a single-story, 11,000 square foot traditional office building currently generating a positive net operating income (NOI) from an existing lease. The property boasts a highly visible hard corner location, offering significant potential for future development on the excess land. The building itself is a single-unit structure, ideal for a variety of uses. The property is situated in Travis County, Texas, with a zip code of 78645. The occupancy date for the existing lease is October 17, 2024. This property offers a unique blend of immediate income generation and substantial long-term development potential, making it an attractive investment for discerning buyers seeking a strong return on investment in a desirable Texas location. The existing building's functionality and the ample available land provide flexibility for a range of future development scenarios. This is a rare opportunity to acquire a well-situated property with both immediate income and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lago Vista
    County
    Travis
    State
    Texas
    Longitude
    -97.9751
    Latitude
    30.4778

    Comparable in this City

    • Value Estimation by Request
      5,156 SF

      9211 Bar K Ranch Rd

      Mixed-use properties • 5,156 SF
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    • Value Estimation by Request
      13.65 Acres

      18940 Land

      Mixed-use properties • 13.65 Acres
      18940 Land, Jonestown, TX 78645
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    • Value Estimation by Request
      13.65 Acres

      18920 Fm-1431

      Mixed-use properties • 13.65 Acres
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    • Value Estimation by Request
      66,296 SF

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      2,000 SF

      17621 Stacey Ln

      Specialty properties • 2,000 SF
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    • Value Estimation by Request
      1,680 SF

      20624 Fm 1431st 2nd Ste, Unit 2

      CONDOMINIUM OFFICES • 1,680 SF
      20624 Fm 1431st 2nd Ste, Lago Vista, TX 78645-4652
      View Details

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      14,610 SF

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    Similar Nearby for Lease

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      Commercial Space For Lease

      Commercial space available for lease in Jonestown, Texas.
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      20811 Dawn Dr Lago Vis # TX 78645

      20811 Dawn Dr Lago Vista, TX 78645
      20811 Dawn Dr Lago Vis # TX 78645, Lago Vista, TX 78645
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    • Contact for pricing
      66,296 SF

      Lago Vista Village: Prime Office Space

      Texas Office & Retail Opportunity: Multiple Suites Available
      Lago Vista, TX 78645
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      Commercial Lease Space Available

      Versatile commercial space in a thriving business district.
      20811 Dawn Dr, Lago Vista, TX 78645
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    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
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