Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Fitzhugh Rd Austin, TX 78736
    Back to Search
    Property profile & analytics

    Tbd Fitzhugh Rd Austin, TX 78736

    View on Map
    • Land
    • 11.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Fitzhugh Rd

    Lot size
    11.98 lot acres
    Property type
    Land

    Description

    This exceptional 11.98-acre commercial land parcel presents a unique investment opportunity in Austin, Texas. Located on Fitzhugh Road, this property boasts a prestigious Austin address while being situated entirely within Hays County (zip code 78736). A significant advantage is the inclusion of a county-approved 35-year development agreement, streamlining the development process. The site is fully designed for a substantial 110,000 square-foot development, envisioned as a multi-building retail, warehouse, or office park. Its "shovel-ready" status minimizes delays and maximizes return on investment. The property benefits from its strategic location amidst a thriving area featuring popular breweries, distilleries, and restaurants, ensuring high visibility and foot traffic. This prime location offers easy access to Southwest and Central Austin, as well as Bee Cave, Lakeway, Dripping Springs, Wimberley, and the Hill Country's rapidly growing corridor. The high demand and low availability of similar properties in this sought-after Austin MSA make this a compelling opportunity for developers seeking to build-to-lease or build-to-sell, or for owner-occupiers such as manufacturers, retailers, or beverage producers. The asking price is $4,750,000. Fitzhugh Road frontage adds further value to this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -98.0212
    Latitude
    30.2433

    Comparable in this City

    • Value Estimation by Request
      1.27 Acres

      9521 Us-290

      Land • 1.27 Acres
      9521 Us-290, Austin, TX 78736
      View Details
    • Value Estimation by Request
      22.01 Acres

      15000 Fitzhugh Rd

      Land • 22.01 Acres
      15000 Fitzhugh Rd, Austin, TX 78736
      View Details
    • Value Estimation by Request

      9114 Us-290

      Specialty properties
      9114 Us-290, Austin, TX 78736
      View Details
    • Value Estimation by Request
      11.00 Acres

      Tbd Fitzhugh Rd

      Land • 11.00 Acres
      0 Tbd Fitzhugh Rd, Austin, TX 78736
      View Details
    • Value Estimation by Request
      9.69 Acres

      9809 Us-290

      Land • 9.69 Acres
      9809 Us-290, Austin, TX 78736
      View Details
    • Value Estimation by Request
      4.48 Acres

      8701 Us-290

      Land • 4.48 Acres
      8701 Us-290, Austin, TX 78736
      View Details

    Similar Nearby for Sale

    • $1,199,000

      Land in Growing Austin Area

      Land suitable for housing, flex, or commercial development.
      12314B Fitzhugh Rd, Austin, TX 78736
      View Details
    • $1,500,000

      Unrestricted Land Near Austin

      4.79 acres with improvements ideal for hospitality or events.
      13127 Fitzhugh Rd, Austin, TX 78736
      View Details
    • Contact for pricing
      3 SF

      Land Parcel in Austin, TX

      3-acre land parcel zoned SF-3-NP, W/LO-NP in Austin.
      8000 Thomas Springs Rd, Austin, TX 78736
      View Details
    • Contact for pricing
      4,913 SF

      Unrestricted Land Near Austin

      4. 79-acre unrestricted land ideal for hospitality or events.
      13127 Fitzhugh Rd, Austin, TX 78736
      View Details
    • $1,800,000

      Texas Hill Country Land

      6.41 acres of preserved Texas Hill Country near Austin.
      10904 Rawhide Trl, Austin, TX 78736
      View Details
    • Contact for pricing

      Land Available in Austin, TX

      Land available for sale in Austin, Texas.
      9501 Circle Dr, Austin, TX 78736
      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.
    Tbd Fitzhugh Rd
    Austin, TX 78736
    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

    Thank You for Inquiry
    Tbd Fitzhugh Rd, Austin, TX, 78736
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!