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    Property profile & analytics

    21210 Portsmouth Cv Lago Vista, TX 78645

    • Office Properties & Spaces
    • 2,902 SF
    For Sale
    View listing
    $3,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 21210 Portsmouth Cv

    Year built
    2023
    Property size
    2,902 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional investment opportunity presents a fully leased, Class A office complex in Lago Vista, Texas. The property consists of four newly constructed duplex buildings, totaling eight units, each boasting 1,451 square feet. Each unit features three bedrooms, two and a half bathrooms, and a two-car garage. The complex offers a total of 2,902 square feet of leasable space and is currently operating at 100% occupancy. Built in 2023, these modern units are situated near Highland Lakes Estates off Boggy Ford Road, providing stunning lake and Hill Country views. Amenities include proximity to docks and parks. Individual units are priced at $900,000, with the option to purchase one to four units as a package. The asking price for the entire complex is $3,600,000, representing a strong return on investment for an owner/user or investor seeking a turnkey, income-producing property in a desirable location. This multi-tenant property is situated in Travis County, Texas, with the address being 21210 Portsmouth Cove, zip code 78645. The property is a two-story building.

    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
    -98.0123
    Latitude
    30.4341

    Comparable in this City

    • Value Estimation
      $280,000
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      CONDOMINIUM OFFICES • 685 SF
      20624 Fm 1431st 2nd Ste, Lago Vista, TX 78645-4652
      View Details
    • Value Estimation
      $290,000
      747 SF

      20624 Fm 1431st 2nd Ste, Unit 2

      CONDOMINIUM OFFICES • 747 SF
      20624 Fm 1431st 2nd Ste, Lago Vista, TX 78645-4652
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    • Value Estimation by Request
      66,296 SF

      20900 Farm To Market Rd

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      20900 Farm To Market Rd, Lago Vista, TX 78645
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    • Value Estimation by Request
      2,000 SF

      17621 Stacey Ln

      Specialty properties • 2,000 SF
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    • Value Estimation
      $335,000
      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
    • Value Estimation by Request
      66,296 SF

      Lago Vista, TX 78645

      Restaurants • 66,296 SF
      Lago Vista, TX 78645
      View Details

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      14,610 SF

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      Prime Office Space, Ample Parking, High Visibility
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    • $3,600,000
      2,902 SF

      Lago Vista Office Complex - 4 Duplexes

      Fully Leased, 8-Unit Office Complex, High ROI
      21210 Portsmouth Cv, Lago Vista, TX 78645
      View Details
    • Contact for pricing
      14,610 SF

      Lago Vista Travis Plaza

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    • $634,900
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      Jonestown, TX Self Storage Facility

      24-Unit Storage, High-Growth Potential
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    • $59,000

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      Land with utilities near Lake Travis and city amenities.
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    Similar Nearby for Lease

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      14,610 SF

      Lago Vista Office Space for Lease

      14,610 sq ft Office Building, Ample Parking
      20811 Dawn Dr, Lago Vista, TX 78645
      View Details
    • Contact for pricing

      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
      View Details
    • Contact for pricing
      66,296 SF

      Lago Vista Village: Prime Office Space

      Texas Office & Retail Opportunity: Multiple Suites Available
      Lago Vista, TX 78645
      View Details
    • $650 /Mo

      Updated Office Space For Rent

      Updated private office spaces available for rent in Lago Vista.
      6400 Lohman Frd Rd, Lago Vista, TX 78645
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    • $550 /Mo

      Versatile Office Space Available

      Shared and private office spaces with comprehensive amenities for rent.
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    • $560 /Mo

      Two-Room Office Space Available

      Two-room office space for rent with included utilities.
      20511 Dawn Dr, Leander, TX 78645
      View Details
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    21210 Portsmouth Cv
    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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