Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8125 Joy Rd Leander, TX 78641
    Back to Search
    Property profile & analytics

    8125 Joy Rd, Leander, TX 78641

    View on Map
    • Hospitality properties
    • 0.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 8125 Joy Rd

    Year built
    1997
    Lot size
    0.46 lot acres
    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This exceptional three-story, 3,524 square foot hotel is situated on a 0.456-acre lot in Leander, Texas, just 30 minutes from downtown Austin. Built in 1997, this unique property features a striking geodome design and offers unparalleled privacy with no HOA fees. The hotel boasts four full bedrooms plus a private sleeping area, providing ample accommodation for guests. Three full bathrooms, each with a stand-up shower, ensure convenience. A highlight is the observation tower loft library, offering breathtaking 360-degree views. The property also includes a wraparound deck, two full kitchens, and a double garage with the potential for conversion into duplex living quarters. The expansive lot provides walkable lake access to Lake Travis. The property is zoned SR1: Single Family Residential Historical. Located near Lake Travis ISD and Lago Vista ISD, and within the Leander ISD, this hotel presents a rare investment opportunity. Proposed 2022 taxes were $13,493.80 (verification recommended). This remarkable property combines luxury, convenience, and stunning natural surroundings.

    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
    Leander
    County
    Travis
    State
    Texas
    Longitude
    -97.9213
    Latitude
    30.4554

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      12701 Trails End Rd

      Hotels • 6,000 SF
      12701 Trails End Rd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      56,250 SF

      10921 Crystal Falls Pkwy

      Distribution properties • 56,250 SF
      10921 Crystal Falls Pkwy, Leander, TX 78641
      View Details
    • Value Estimation by Request
      22,500 SF

      10861 183A Frontage Rd

      Medical space • 22,500 SF
      10861 183A Frontage Rd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      1.00 Acre

      183A Frontage Rd

      Land • 1.00 Acre
      183A Frontage Rd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      20.40 Acres

      216 Main St

      Multifamily properties • 20.40 Acres
      216 Main St, Leander, TX 78641
      View Details
    • Value Estimation by Request
      977 SF

      15141 Ronald Reagan Blvd

      Medical Office Space • 977 SF
      15141 Ronald Reagan Blvd, Leander, TX 78641
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,288 SF

      4 Acre Commercial Site

      4 acre general commercial site suitable for various uses.
      Leander, TX 78641
      View Details
    • $5,500,000
      6,000 SF

      Luxury Hill Country Hotel

      60-Acre Texas Ranch, High Income
      12701 Trails End Rd, Leander, TX 78641
      View Details
    • $3,200,000
      6,000 SF

      Cedar Park 10-Acre Retreat

      Turn-key 10-acre property with income potential near Austin.
      12601 Trails End Rd, Leander, TX 78641
      View Details
    • Contact for pricing
      3.97 Acres

      Leander Land & House Opportunity

      Prime 3.97-acre lot with 1,824 sq ft home.
      2773 Hero Way, Leander, TX 78641
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      1,600 SF

      Prime Leander Retail Space

      Brand new, 1600 sq ft retail/restaurant space. High traffic, excellent visibility.
      15241 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • $34 SF/Yr
      8,424 SF

      Leander Retail Space for Lease

      Prime Retail, High Visibility, Flexible Suites
      14300 Ronald Reagan Blvd, Leander, TX 78641
      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.
    8125 Joy Rd
    Leander, TX 78641
    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
    8125 Joy Rd, Leander, TX, 78641
    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!