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    11900 Fm 812 Del Valle, TX 78617
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    11900 Fm 812 Del Valle, TX 78617

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    • Commercial land
    For Sale
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    Land Adjacent to Circuit of Americas For Sale
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    Land Adjacent to Circuit of Americas

    11.94 acre land plot near Austin's Formula 1 track.

    11900 FM812, Del Valle, TX 78617
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    Property ID
    US82-9768008
    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 land

    Property Details for 11900 Fm 812

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime Location: 11.94 acre land plot situated directly adjacent to the Circuit of the Americas (COTA), home of the Austin F1 track, a globally recognized venue. • The site benefits from significant exposure due to its proximity to COTA, which attracts over 1.5 million visitors annually for events like Formula 1, MotoGP, and concerts Development Flexibility: Located in Austin’s Extra-Territorial Jurisdiction (ETJ), offering greater flexibility for development with fewer restrictions compared to city-zoned properties. Strong Growth Area: Positioned within a rapidly growing region of Austin, benefiting from ongoing commercial and residential development in the surrounding area. Key Infrastructure: Close to major highways and Austin-Bergstrom International Airport, providing easy access for visitors, businesses, and potential developments Economic Hub: Surrounded by key Austin tech hubs, including Tesla’s Gigafactory and other major employers, boosting demand for commercial and hospitality-related developments Diverse Investment Opportunities: Ideal for mixed-use developments, including hotels, retail, entertainment, or even industrial, catering to the high traffic from COTA events and the growing Austin metropolitan area. High Foot Traffic Potential: Capitalize on large crowds and event-goers yearround, especially during peak F1, MotoGP, and large-scale music festivals Adjacent to Major Developments: Velocity Development: Close to the 314-acre Velocity project, a masterplanned district entitled for seven million square feet of space, situated east of Austin-Bergstrom International Airport, with vertical construction recently initiated. More info here: https://www.kxan.com/news/local/314-acre-velocitydevelopment-in-southeast-austin-begins-construction/ Nearby a proposed $10 billion Vegas-style resort and business hub near the Tesla Gigafactory and Austin-Bergstrom International Airport. Details here: https://www.tesla.com/giga-texas Taylor Morrison’s 427-acre Longview 71 development in East Austin, set to deliver 1,460 homes with $70 million in bond funding. Learn more here: https://therealdeal.com/texas/austin/2024/03/22/taylor-morrison-gets-pidfinancing-for-east-austin-development/

    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
    Del Valle
    County
    Travis
    State
    Texas
    Longitude
    -97.6560046
    Latitude
    30.1376576

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      FM 812 Raceway Tract

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      Prime Land Near Circuit of Americas

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      FM 812 Raceway Tract

      32.54-acre tract near Tesla Gigafactory and Austin-Bergstrom Airport.
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    Similar Nearby for Lease

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      Prime Land Near Circuit of Americas

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      5,000 SF

      Paved Land with Highway Visibility

      Paved land with highway visibility and great access.
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      Land For Lease in Del Valle

      Commercial land available for lease in Del Valle, Texas.
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      Land For Lease in Del Valle

      Commercial land available for lease in Del Valle, Texas.
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      Versatile Industrial Space in Austin

      5,000 SF flex space with highway visibility and fenced parking.
      2363 Highway 71 East, Del Valle, TX 78617
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    Del Valle, TX 78617
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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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