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Property profile & analytics
FOR LEASE
Office buildings
1122 S Capital Of Texas Hwy, Austin, TX 78746
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-4029828
For Lease
1 / 12
$31 SF/Yr
1122 S Capital Of Texas Hwy, Austin, TX 78746
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Property summary
AI-generated overview
CityView Center, a Class A retail property in Austin, Texas' Southwest submarket, offers exceptional leasing opportunities. Located at 1122 S Capital of Texas Hwy, West Lake Hills, 78746, this three-story building boasts a total of 129,230 square feet, with 113,303 square feet currently vacant. Ideal for fitness centers or similar commercial uses, the space is divisible into units ranging from a minimum of 19,105 square feet to a maximum contiguous space of 48,956 square feet. The building features ample parking, with a ratio of 3.73 spaces per 1,000 square feet, and convenient elevator access. Constructed in 2000, CityView Center is situated in Travis County and benefits from its prime location within the desirable Southwest submarket of Austin. This presents a unique chance to establish or expand a business in a thriving area with excellent visibility and accessibility. The property's modern design and substantial square footage offer significant potential for a variety of commercial ventures. Inquire today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
63,592 SF
Lot
7.09 ac (309,015 SF)
APN
111210202
UPID
US82-4029828
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.31M
Blend (final)
Blend
$10.88M
Owner & transaction history
Dpf Cityview LP · 11 yrs held
Dpf Cityview LP
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.1M
+50.3%
Commercial (general)
$6.7M
+10.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,120,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,700,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$10.88M
Range $9.79M – $11.97M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$171 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$36,660,153
Assessed 2023
Previous assessed
$36,660,153
+0.0% YoY
Assessed land
$6,180,300
Assessed improvement
$30,479,853
Land market value
$6,180,300
Improvement market value
$30,479,853
Total market value
$36,660,153
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1997
Heating
NONE
Buildings
2
Stories
3
Total area
63,592 SF
Lot
7.09 ac (309,015 SF)
APN
111210202
UPID
US82-4029828
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$6.7M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
3
Buildings
2
Lot
7.09 ac
Current owner
From public records · entity-resolved
Dpf Cityview LP
Entity
Mailing address
518 17TH ST, DENVER, CO 80202-4130
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2015
—
Dpf Cityview LP
Aslan IV Austin LLC
Grant Deed
—
Feb 8, 2012
—
Aslan IV Austin LLC
Carr Carp Tx Properties LP
Grant Deed
related
—
Dec 2, 2011
—
Aslan IV Austin LLC
Carr Carp Tx Properties LP
Grant Deed
$38,000,000 · Aslan Realty Partners IV LLC
Aug 18, 2011
—
Carr Carp Tx Properties LP
—
Deed Of Trust
related
$829,110,000 · Metropolitan Life Insurance
Aug 15, 2006
—
Carr Carp Tx Properties LP
Carramerica Realty LP
Limited Warranty Deed
—
—
—
Aslan IV Austin LLC
—
Deed Of Trust
related
$42,000,000 · Metropolitan Life Insurance
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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