Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1017 Ranch Road 620 S Lakeway, TX 78734

    Property Lookup

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

    1017 Ranch Road 620 S Lakeway, TX 78734

    View on Map
    • Office buildings
    • 9,292 SF
    • 0.37 lot acres
    For Lease
    View Listing →
    Lakeway Executive and Traditional Offices For Lease
    Contact for pricing

    Lakeway Executive and Traditional Offices

    Executive and traditional offices for lease in Lakeway, Texas.

    1017 Ranch Rd 620 S, Lakeway, TX 78734
    View Listing
    Property ID
    US82-3520686
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1017 Ranch Road 620 S

    Year built
    1985
    Lot size
    0.37 lot acres
    Property size
    9,292 SF
    Property type
    Office buildings
    APN
    135700407
    APU
    135700407

    Description

    This exceptional two-story, 9,200 square foot Class B office building, located at 1017 Ranch Rd 620 S in Lakeway, Texas 78734, offers a diverse range of office spaces to suit various business needs. The property features 14 suites, with a minimum divisible space of 194 square feet and the possibility of leasing the entire 9,200 square feet contiguously. Built in 1985 and extensively renovated in 2022, the building boasts updated amenities including fresh paint, new signage, improved landscaping, restriped parking, a new mailbox, a modern security system, upgraded parking lot lighting, and completely remodeled bathrooms and kitchen with new appliances. The building's prime location offers easy access to Highway 620 at a well-lit intersection, providing convenient access to nearby Lakeway neighborhoods and retail establishments. The property is ideal for businesses seeking traditional office space, executive suites, coworking arrangements, creative office environments, or medical offices. All utilities and Wi-Fi are included in the lease. This is a multi-tenant building situated in Travis County.

    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
    Lakeway
    County
    Travis
    State
    Texas
    Longitude
    -97.9618
    Latitude
    30.3523
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $27,752
    $321,140
    $1,298,670
    $1,619,810
    -
    $321,140
    $1,298,670
    $1,619,810

    Comparable in this City

    • Value Estimation
      $700,000
      7,305 SF

      104 Cross Crk

      OFFICE BUILDING • 7,305 SF
      104 Cross Crk, Lakeway, TX 78734-4465
      View Details
    • Value Estimation
      $820,000
      20,748 SF

      317 Rnch Rd 620th S

      OFFICE BUILDING • 20,748 SF
      317 Rnch Rd 620th S, Lakeway, TX 78734-4748
      View Details
    • Value Estimation
      $815,000
      18,256 SF

      1213 Rnch Rd 620th S

      OFFICE BUILDING • 18,256 SF
      1213 Rnch Rd 620th S, Lakeway, TX 78734-6340
      View Details
    • Value Estimation
      $535,000
      6,149 SF

      3623 Rnch Rd 620th N

      OFFICE BUILDING • 6,149 SF
      3623 Rnch Rd 620th N, Austin, TX 78734-2175
      View Details
    • Value Estimation
      $755,000
      6,572 SF

      4 Lakeway Ctr Ct

      OFFICE BUILDING • 6,572 SF
      4 Lakeway Ctr Ct, Lakeway, TX 78734-2757
      View Details
    • Value Estimation by Request
      2,016 SF

      1700 Rnch Rd 620th S

      OFFICE BUILDING • 2,016 SF
      1700 Rnch Rd 620th S, Lakeway, TX 78734-6245
      View Details

    Similar Nearby for Sale

    • $3,700,000

      Prime Commercial Land Near Lake Travis

      Nearly 4-acre commercial property with highway frontage and lake views.
      3411 Ranch Road 620 N, Austin, TX 78734
      View Details
    • Contact for pricing
      5,000 SF

      Prime Commercial Highway Frontage Property

      Nearly 4-acre property with high visibility and income potential.
      3411 Ranch Road 620, Austin, TX 78734
      View Details
    • $1,200,000

      Austin Live-Work Mixed Use Property

      Mixed-use property with apartments and commercial spaces near Lake Travis.
      15310 Storm Dr, Austin, TX 78734
      View Details
    • $579,000

      Large Lot with Hill Country Views

      Spacious lot featuring Texas Hill Country views and live spring.
      15101 Dexler Dr, Austin, TX 78734
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,877 SF

      Two-Building Office Project For Rent

      54,664 SF office project with Class A finish-out.
      1921 Lohmans Crossing Rd, Austin, TX 78734
      View Details
    • Contact for pricing
      4,853 SF

      Lakeway Office Space Available

      Office space for lease in Lakeway, Texas.
      1927 Lohmans Crossing Rd, Lakeway, TX 78734
      View Details
    • Contact for pricing
      8,827 SF

      Lakeway Office Space Available

      Office building with 8827 square feet available for rent.
      1921 Lohmans Crossing Rd, Lakeway, TX 78734
      View Details
    • Contact for pricing

      Lakeway Executive and Traditional Offices

      Executive and traditional offices for lease in Lakeway, Texas.
      1017 Ranch Road 620 S, Lakeway, TX 78734
      View Details
    • $22 SF/Yr

      Freestanding Office Space For Rent

      Small office space with easy access off Highway 620.
      3303 Rr 620 N, Austin, TX 78734
      View Details
    View Listing
    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.
    1017 Ranch Road 620 S
    Lakeway, TX 78734
    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

    1017 Ranch Road 620 S, Lakeway, TX, 78734

    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!