Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    807 Lakeway Dr Georgetown, TX 78628

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    807 Lakeway Dr Georgetown, TX 78628

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

    Current Use by Public Records

    • Land

    Property Details for 807 Lakeway Dr

    Lot size
    2.83 lot acres
    Property type
    Land

    Description

    This exceptional 2.83-acre commercial land parcel in Georgetown, Texas, presents a unique investment opportunity. Located at 807 Lakeway Drive, Lot 1A-3, this C-1 zoned property boasts convenient access via a shared access point off Lakeway Drive. Its strategic location offers high visibility and accessibility, situated adjacent to the Georgetown Airport and just one mile west of I-35. The property's proximity to an elementary and middle school makes it ideally suited for a variety of uses, including preschools, medical offices, office condominiums, or restaurants. The site encompasses approximately 122,700 square feet and offers significant development potential. Existing infrastructure includes new utility lines installed by the City of Georgetown along Lakeway Drive, including an 18" waterline and a 21" wastewater line. This prime location benefits from its proximity to planned developments, including a Costco at the intersection of Lakeway Drive and I-35. The legal description is S11956 - Havins Airport Commercial Sub Block C, Lot 1, Williamson County, TX. The land is priced at $6.50 to $7.00 per square foot. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area. Don't miss out on this chance to build your next venture in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.683
    Latitude
    30.6707

    Comparable in this City

    • Value Estimation by Request
      31.65 Acres

      183 And Larkspur Park Blvd

      Land • 31.65 Acres
      183 And Larkspur Park Blvd, Leander, TX 78628
      View Details
    • Value Estimation by Request
      5.00 Acres

      3400-3500 Williams Dr

      Land • 5.00 Acres
      3400-3500 Williams Dr, Georgetown, TX 78628
      View Details
    • Value Estimation by Request
      3.58 Acres

      113 Draper Ln

      Land • 3.58 Acres
      113 Draper Ln, Georgetown, TX 78628
      View Details
    • Value Estimation by Request
      20.00 Acres

      500 Co Rd

      Land • 20.00 Acres
      500 Co Rd, Georgetown, TX 78628
      View Details
    • Value Estimation by Request
      3.00 Acres

      7901 State Highway 29

      Land • 3.00 Acres
      7901 State Highway 29, Georgetown, TX 78628
      View Details
    • Value Estimation by Request
      22.40 Acres

      400 Country Rd

      Land • 22.40 Acres
      400 Country Rd, Georgetown, TX 78628
      View Details

    Similar Nearby for Sale

    • $6,800,000

      Land Available in Georgetown, TX

      Land for sale with utilities in Georgetown, Texas.
      500 County Road 267, Georgetown, TX 78628
      View Details
    • $995,000

      Land For Sale Georgetown, TX

      Land available for sale in Georgetown, Texas.
      102 Serenada Dr, Georgetown, TX 78628
      View Details
    • Contact for pricing

      20 Acres Land For Sale

      20 acres of land available with entitlements almost complete.
      3851 Shell Rd, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Land in Growing Leander Area

      Land for sale in Leander, Texas, near upcoming development.
      500 County Road 267, Georgetown, TX 78628
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo

      Versatile Georgetown ETJ Mixed-Use Property

      Live/work property with office space in a growing area.
      3900 Shell Rd, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Land Available For Lease

      2.73 acres of land suitable for convenience store.
      8788 W State Highway 29, Georgetown, TX 78628
      View Details
    • Contact for pricing
      1,640 SF

      Georgetown Office Space For Rent

      Office space featuring an open layout and on-site parking.
      1625 Williams Dr, Georgetown, TX 78628
      View Details
    • $38 SF/Yr
      1,679 SF

      Mixed-Use Development Retail Space

      High-end mixed-use development with retail, restaurant, and office space.
      1500 Rivery Blvd, Georgetown, TX 78628
      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.
    807 Lakeway Dr
    Georgetown, TX 78628
    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

    807 Lakeway Dr, Georgetown, TX, 78628

    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!