21818 State Hwy 71 Hwy Spicewood, TX 78669
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.