107 County Rd 420 Spicewood, TX 78669-3130
This exceptional mixed-use property in Spicewood, Texas, presents a unique investment opportunity. The 3,200-square-foot metal building, constructed in 2020, sits on a spacious 1.54-acre lot. The building boasts a 2,400-square-foot shop/warehouse area, ideal for various commercial uses, complemented by an 800-square-foot attached office space. The office area includes two half-bathrooms, one of which is handicap accessible, and features central HVAC for year-round comfort. Three 14-foot-high doors provide ample access for large vehicles, boats, or RVs. The property is equipped with 200-amp power, a well, and septic system. For added convenience and storage, there's a large storage room and additional storage space above the office. The building is fully insulated. This property benefits from its location near the proposed Thomas Ranch luxury development, slated for completion in Summer 2023, indicating significant future growth in the area. This presents a compelling investment opportunity in a rapidly developing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.