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    7171 Southwest Pkwy Austin, TX 78735

    • Office Properties & Spaces
    • 42,526 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Web Help Desk / Software Company
    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • FedEx Drop Box / Shipping Service / Shipping And Mailing Service
    • SmoothTalkers Toastmasters Club / Non-Profit Organization / Club
    • P400 Parking Garage / Parking Garage

    Property Details for 7171 Southwest Pkwy

    Property size
    42,526 SF
    Property type
    Office Properties & Spaces

    Description

    The Summit at Lantana, located at 7171 Southwest Pkwy in Austin, Texas (zip code 78735), offers exceptional executive office space for lease. This prestigious building boasts a total of 42,526 square feet, currently entirely vacant and available for immediate occupancy. The property is comprised of two suites, allowing for flexibility in space requirements. Businesses can lease a minimum of 12,667 square feet, up to a maximum contiguous space of 29,859 square feet. This presents a unique opportunity for companies seeking substantial and adaptable office environments. The building's convenient location in Travis County provides easy access to Austin's vibrant business district and major transportation arteries. Ample parking is available, with a ratio of 4.6 spaces per 1,000 square feet. The property is classified as an Executive Office building, promising a high-quality and professional atmosphere. This is an exceptional opportunity to establish a prominent presence in the thriving Austin market. Contact us today to schedule a viewing and explore the possibilities of making The Summit at Lantana your new business address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8629
    Latitude
    30.2509

    Comparable in this City

    • Value Estimation
      $330,000
      15,000 SF

      5900 Swsw Pkwy, Unit 300

      CONDOMINIUM OFFICES • 15,000 SF
      5900 Swsw Pkwy, Austin, TX 78735-6202
      View Details
    • Value Estimation
      $340,000
      2,668 SF

      5900 Swsw Pkwy, Unit 400

      CONDOMINIUM OFFICES • 2,668 SF
      5900 Swsw Pkwy, Austin, TX 78735-6202
      View Details
    • Value Estimation
      $355,000
      2,452 SF

      5900 Swsw Pkwy, Unit 120

      CONDOMINIUM OFFICES • 2,452 SF
      5900 Swsw Pkwy, Austin, TX 78735-6202
      View Details
    • Value Estimation
      $340,000
      2,730 SF

      5900 Swsw Pkwy, Unit 221

      CONDOMINIUM OFFICES • 2,730 SF
      5900 Swsw Pkwy, Austin, TX 78735-6202
      View Details
    • Value Estimation
      $350,000
      2,451 SF

      5900 Swsw Pkwy, Unit 501

      CONDOMINIUM OFFICES • 2,451 SF
      5900 Swsw Pkwy, Austin, TX 78735-6202
      View Details
    • Value Estimation
      $430,000
      4,500 SF

      8656 Hwy 71

      CONDOMINIUM OFFICES • 4,500 SF
      8656 Hwy 71, Austin, TX 78735-8391
      View Details

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    Similar Nearby for Lease

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      74,485 SF

      Austin Executive Office Suites

      Prestigious Austin office space available.
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    • $30 SF/Yr
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      Prime SW Austin Office Space Available
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      Austin Executive Office Space for Lease

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    • $32 SF/Yr
      8,212 SF

      Office Space Available For Rent

      8,212 square feet of office space for lease.
      5301 Southwest Pkwy, Austin, TX 78735
      View Details
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    7171 Southwest Pkwy
    Austin, TX 78735
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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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