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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Office buildings
115 Wild Basin Rd, West Lake Hills, TX 78746-3303
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-0661335
Property summary
AI-generated overview
Canyon at Wild Basin offers 26,809 square feet of immediately available executive office space in Austin, Texas. This three-story building, totaling 74,580 square feet, underwent renovations in 2015 and boasts a prime location at 115 Wild Basin Rd, Austin, TX 78746, in Travis County. The property provides convenient access for commuters, with proximity to Loop 360, RM 2244 (Bee Caves Road), and the Mopac Expressway. The building's design takes full advantage of its wooded Texas hill country setting, offering spectacular views enhanced by a high glass-to-floor area ratio. Spaces are available in sizes ranging from a minimum of 908 square feet to a maximum contiguous space of 8,103 square feet, making it suitable for a variety of business needs. The building features ample parking, with a ratio of 4.0 spaces per 1,000 square feet. This exceptional property presents a unique opportunity to establish a presence in a highly desirable Austin location. Multiple tenancy options are available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
CONCRETE
Total area
74,629 SF
Lot
10.53 ac (458,687 SF)
APN
119230110
UPID
US82-0661335
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
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
115 Wild Basin LP · 4 yrs held
115 Wild Basin LP
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Lake Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Lake Hills 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$40 / 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
Tax billed
$336,392
Tax year 2022
Assessed value
$17,299,140
Assessed 2023
Previous assessed
$17,299,140
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$6,421,604
Assessed improvement
$10,877,536
Land market value
$6,421,604
Improvement market value
$10,877,536
Total market value
$17,299,140
Applied tax rate
10.0000
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
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
74,629 SF
Lot
10.53 ac (458,687 SF)
APN
119230110
UPID
US82-0661335
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
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
10.53 ac
Current owner
From public records · entity-resolved
115 Wild Basin LP
Entity
Mailing address
PO BOX 163595, AUSTIN, TX 78716-3595
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
115 Wild Basin LP
Cp H Wild Basin LP
Special Warranty Deed
$15,159,000 · Independent Bank
Oct 5, 2018
—
Cp II Wild Basin LP
—
Grant Deed
related
$15,000,000 · Pfp Holding Co Vi LLC
Aug 25, 2014
—
Wild Basin LP Cp II
Intercontinental Wild Basin LP
Grant Deed
—
Feb 1, 2010
—
International Wild Basin LP
—
Deed Of Trust
related
$6,700,000 · Wachovia Bank NA
Apr 27, 1998
—
Austin #1 Associates LP
Dochen,jeffrey
Grant Deed
related
—
—
—
Intercontinental Wild Basin LP
—
Deed Of Trust
related
$35,500,000 · Wachovia Financial Services
—
—
Intercontinental Wild Basin LP
—
Deed Of Trust
related
$22,732,886 · Wachovia Bank NA
—
—
Intercontinental Wild Basin LP
—
Deed Of Trust
related
$34,620,000 · Wachovia Financial Services
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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