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Property profile & analytics
OFF-MARKET
Office Spaces

21818 State Hwy 71 Hwy Spicewood, TX 78669

6,631 SF 0.79 ac lot Built 2002
Property ID
Property summary
AI-generated overview

This exceptional 6,631 square foot office building presents a fantastic investment opportunity in the thriving Spicewood, Texas market. Situated on a 0.79-acre lot at 21818 State Highway 71 Highway W, this property boasts high visibility and easy access, with ample parking for tenants and visitors. The building features multiple professional office suites, well-appointed lobby/reception areas, a dedicated conference room, and four conveniently located kitchens and bathrooms. A unique amenity is the inclusion of a 940 square foot yoga studio, perfect for wellness-focused businesses or as an additional income stream. High ceilings throughout the building enhance the spacious feel, and expansive Hill Country views add to the property's appeal. Recent upgrades include a new septic system, ensuring efficient and reliable operation. High-speed internet access is readily available. The building is currently occupied by strong tenants, providing a stable income stream. Its strategic location offers easy access to major roadways and nearby amenities, including the new Lake Travis ISD High School, Bee Cave, Lakeway, Hill Country Galleria, Lake Travis, Marble Falls, Briarcliff, Sweetwater, Cypress Hills, Rough Hollow, and New Thomas Ranch (a 3000+ home development). The property's proximity to established businesses like Angels Icehouse and J-5 Steakhouse further enhances its desirability and potential for growth. This is a turnkey operation in a rapidly expanding area, offering significant potential for return on investment. The asking price is $2,125,000.

Property profile
Verified
Property type Office Spaces
Year built 2002
Total area 6,631 SF
Lot 0.79 ac (34,412 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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