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    104 Alum Creek Dr Paige, TX 78659
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    Property profile & analytics

    104 Alum Creek Dr, Paige, TX 78659

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    • Commercial real estate
    • 4,116 SF
    • 1.01 lot acres
    Off-Market
    Property ID
    US82-6076641
    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 104 Alum Creek Dr

    Year built
    1985
    Lot size
    1.01 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4,116 square foot commercial investment opportunity sits on a 1.01-acre lot in Paige, Texas, at 104 Alum Creek Drive. Its prime location on Highway 21 offers unparalleled access to major transportation routes, including proximity to Austin-Bergstrom International Airport (just 15 minutes away). The property's strategic positioning near prominent companies like Tesla, SpaceX, Starlink, Neuralink, and the Boring Company ensures strong future growth potential. Currently, the property houses four permanent modular homes, each occupied by tenants responsible for their own utilities. Existing rental income is below market value, presenting a significant opportunity to increase revenue by 10-15% through market-rate adjustments. Further income streams are generated by two on-site food trailer spaces, adding to the property's overall profitability. The surrounding area is experiencing rapid development, with nearby gas stations and a small strip mall indicating a thriving commercial landscape. This property is ideally suited for investors seeking a high-yield return in a rapidly expanding market. Please note that tenants should not be disturbed. The property is sold as-is.

    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
    Paige
    County
    Bastrop
    State
    Texas
    Longitude
    -97.20029
    Latitude
    30.16714

    Comparable in this City

    • $399,000
      2,144 SF

      Paige Mixed-Use Property: Prime Location

      .8-acre lot, versatile building, huge potential
      130 Gonzales St, Paige, TX 78659
      View Details
    • Contact for pricing

      Unrestricted Land on Highway 290

      16+ acres in Paige, TX, with highway frontage.
      3907 Us 290, Paige, TX 78659
      View Details
    • $250,000

      Land Available in Paige, Texas

      Land for sale at 920 Old Potato Rd, Paige, TX
      920 Old Potato Rd, Paige, TX 78659
      View Details

    Similar Nearby for Sale

    • $399,000
      2,144 SF

      Paige Mixed-Use Property: Prime Location

      .8-acre lot, versatile building, huge potential
      130 Gonzales St, Paige, TX 78659
      View Details
    • Contact for pricing

      Unrestricted Land on Highway 290

      16+ acres in Paige, TX, with highway frontage.
      3907 Us 290, Paige, TX 78659
      View Details
    • $250,000

      Land Available in Paige, Texas

      Land for sale at 920 Old Potato Rd, Paige, TX
      920 Old Potato Rd, Paige, TX 78659
      View Details
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    Paige, TX 78659
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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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