Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1018 Olympic Dr Pflugerville, TX 78660
    Back to Search
    Property profile & analytics

    1018 Olympic Dr Pflugerville, TX 78660

    View on Map
    • Commercial real estate
    • 10.34 lot acres
    Off-Market
    Property ID
    US82-0641913
    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

    • Commercial real estate

    Property Details for 1018 Olympic Dr

    Lot size
    10.34 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10.34-acre commercial development parcel is ideally situated in Pflugerville, Texas, within the rapidly expanding Austin MSA. Located at the northwest corner of Immanuel Drive and Wells Branch Parkway, this property offers unparalleled access to SH-130 and major employers. The site is surrounded by approximately 1,500 existing single-family homes, with significant residential growth projected in the near future. Fully platted and ready for immediate development, this land boasts a fully approved site plan, permitting 192 multifamily units and 65,000 square feet of retail/commercial space, including a two-level parking deck. All utilities are available at the parcel, and a signed construction permit for offsite improvements is already in place. Upon closing, the buyer will inherit a complete set of approved plans, including the plat (upon collateral replacement), a Site Development Plan (SDP) permit with approved civil plans, fully approved public improvement plans, and a full drawing set. A building permit will be issued upon payment. While currently entitled for a mixed-use development, alternative uses may be explored subject to City of Pflugerville approval. This presents a unique opportunity for immediate ground-breaking on grading and public improvements. The property's prime location and comprehensive entitlements make it an exceptional investment prospect.

    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
    Pflugerville
    County
    Travis
    State
    Texas
    Longitude
    -97.6215071
    Latitude
    30.4239565

    Comparable in this City

    • Contact for pricing

      Pflugerville Land Near Samsung Plant

      1.3299-acre site near Samsung plant with development opportunities.
      2428 Rowe Ln, Pflugerville, TX 78660
      View Details
    • Contact for pricing

      Commercial Site in Pflugerville, TX

      Commercial land for sale in Pflugerville, Texas.
      Kelly Ln, Pflugerville, TX 78660
      View Details
    • Contact for pricing

      Commercial Land FM 685 Location

      Located on FM 685 near major retailers in Pflugerville.
      501 Fm 685, Pflugerville, TX 78660
      View Details
    • Contact for pricing
      8,400 SF

      Pflugerville Land For Sale

      Land available west of Dessau Road along Wells Branch Parkway.
      1305 E Wells Branch Pkwy, Pflugerville, TX 78660
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Pflugerville Land Near Samsung Plant

      1.3299-acre site near Samsung plant with development opportunities.
      2428 Rowe Ln, Pflugerville, TX 78660
      View Details
    • Contact for pricing

      Commercial Site in Pflugerville, TX

      Commercial land for sale in Pflugerville, Texas.
      Kelly Ln, Pflugerville, TX 78660
      View Details
    • Contact for pricing

      Commercial Land FM 685 Location

      Located on FM 685 near major retailers in Pflugerville.
      501 Fm 685, Pflugerville, TX 78660
      View Details
    • Contact for pricing
      8,400 SF

      Pflugerville Land For Sale

      Land available west of Dessau Road along Wells Branch Parkway.
      1305 E Wells Branch Pkwy, Pflugerville, TX 78660
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Land Opportunity For Rent

      1.17 acre corner lot available for lease.
      1528 N Heatherwilde Blvd, Pflugerville, TX 78660
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Pflugerville, Texas.
      45 & Hunting Tower Castle Blvd, Pflugerville, TX 78660
      View Details
    • Contact for pricing

      Corner Land for Lease

      1.17 acre corner land available for lease.
      Heatherwilde & Wl Br Pkwy, Austin, TX 78660
      View Details
    • Contact for pricing

      Restaurant Space with Patio Available

      New construction restaurant space with patio in growing market.
      114 Grand Avenue Pkwy, Pflugerville, TX 78660
      View Details
    • $5,500 /Mo

      Unrestricted Land in ETJ

      Versatile property in rapidly developing area with unrestricted use.
      21404 Martin Ln, Pflugerville, TX 78660
      View Details
    • $2.00 SF/Yr

      Prime Land Lease Opportunity

      High-visibility 1.07-acre land lease opportunity in Pflugerville.
      0000 Wells Branch Pkwy, Pflugerville, TX 78660
      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.
    1018 Olympic Dr
    Pflugerville, TX 78660
    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
    1018 Olympic Dr, Pflugerville, TX, 78660
    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!