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    1101 Capital Of Texas Hwy West Lake Hills, TX 78746
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    1101 Capital Of Texas Hwy West Lake Hills, TX 78746

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    • Office properties & Spaces
    • 12,551 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 1101 Capital Of Texas Hwy

    Year built
    1984
    Property size
    12,551 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 12,551-square-foot executive office building presents a unique owner-user opportunity in the desirable Westlake Hills area of Austin, Texas. Located at 1101 S Capital of Texas Hwy, 78746, this freestanding building, constructed in 1984, boasts a park-like setting and offers ample parking. The property provides a convenient 4.55 parking spaces per 1,000 square feet, ensuring sufficient parking for employees and clients. Its prime location along Highway 360, just south of Bee Cave Road, provides easy access to an abundance of restaurants and retail amenities, all within a minute's drive. The building's attractive setting and convenient location make it an ideal choice for businesses seeking a prestigious and functional workspace. This is a rare opportunity to acquire a well-maintained, established office building in a highly sought-after Austin submarket. The property's size and features make it suitable for a variety of businesses seeking a comfortable and productive work environment. The investment highlights include the owner/user potential, the substantial square footage, and the convenient location in the thriving Westlake/Bee Cave area. This property offers a blend of professional appeal and convenient access to local amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Lake Hills
    County
    Travis
    State
    Texas
    Longitude
    -97.8235
    Latitude
    30.2844

    Comparable in this City

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    • Value Estimation
      $2,660,000
      47,005 SF

      3003 Bee Caves Rd Ste, Unit 100

      CONDOMINIUM OFFICES • 47,005 SF
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    • Value Estimation
      $560,000
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      1001 Capital Of Texas Hwyl-1

      CONDOMINIUM OFFICES • 9,296 SF
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    • Value Estimation by Request
      3,565 SF

      4101 Parkstone Hts Dr, Unit 101

      CONDOMINIUM OFFICES • 3,565 SF
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    • Value Estimation by Request
      1,806 SF

      4101 Parkstone Hts Dr, Unit 204

      CONDOMINIUM OFFICES • 1,806 SF
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    Similar Nearby for Sale

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      11,848 SF

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      High-visibility office building in Westlake Hills near retail.
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      41,911 SF

      West Austin Multi-Tenant Office

      Well-maintained, fully leased office building with future owner-user potential.
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      12,280 SF

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      Office building featuring downtown views, covered parking, and shared amenities.
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      Renovated Office Space with Views

      West Lake Hills office space featuring downtown views.
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      Land available next to Dimensional Fund Building in Austin, Texas.
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      Office Space Available For Rent

      Office space for rent at 1715 S Capital.
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      Office Space with Hill Country Views

      Office space with easy access and scenic Texas hill country views.
      115 Wild Basin Rd, Austin, TX 78746
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    • $22 SF/Yr
      3,701 SF

      West Lake Hills Office Suites for Lease

      Premium Austin office space, flexible layouts.
      7004 Bee Caves Rd, West Lake Hills, TX 78746
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      Lake Austin Office Space For Lease

      Stunning lakefront office, 838 sq ft, immediate occupancy.
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      Office Space in Westlake

      Desirable Bee Caves location with on-site management.
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    West Lake Hills, TX 78746
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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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