Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Spyglass Dr Austin, TX 78746-7590

    • Strip malls
    • 3,880 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2021
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3902283
    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.

    Current Use by Public Records

    • Tacodeli / Taco Restaurant / Fast Food Restaurant
    • Royal Blue Grocery / Grocery Store
    • Thom's Market - Spyglass / Grocery Store / Beer Store
    • CPR of Austin Central / Educational Consultant

    Property Details for 1500 Spyglass Dr

    Year built
    1974
    Construction
    WOOD FRAME
    Lot size
    0.52 lot acres
    Property size
    3,880 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    103100802
    APU
    103100802

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $410,000
      RETAIL STORES
      $375,000
      OFFICE BUILDING
      $370,000
      MEDICAL BUILDING
      $275,000
      WAREHOUSE, STORAGE
      $190,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7875
    Latitude
    30.2584
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,723
    $449,980
    $378,663
    $828,643
    -
    $449,980
    $378,663
    $828,643

    Comparable in this City

    • Value Estimation
      $915,000
      34,020 SF

      1016 Walsh Tarlton Ln

      SHOPPING CENTER, STRIP CENTER • 34,020 SF
      1016 Walsh Tarlton Ln, Austin, TX 78746
      View Details
    • Value Estimation
      $170,000
      10,920 SF

      6317-2 Bee Cave Rd

      SHOPPING CENTER, STRIP CENTER • 10,920 SF
      6317-2 Bee Cave Rd, Austin, TX 78746
      View Details
    • Value Estimation
      $455,000
      13,114 SF

      3663 Bee Caves Rd

      SHOPPING CENTER, STRIP CENTER • 13,114 SF
      3663 Bee Caves Rd, West Lake Hills, TX 78746-5392
      View Details
    • Value Estimation
      $545,000
      59,072 SF

      3201 Bee Caves Rd

      SHOPPING CENTER, STRIP CENTER • 59,072 SF
      3201 Bee Caves Rd, Austin, TX 78746-6771
      View Details
    • Value Estimation
      $525,000
      12,400 SF

      3636 Bee Caves Rd

      SHOPPING CENTER, STRIP CENTER • 12,400 SF
      3636 Bee Caves Rd, West Lake Hills, TX 78746-5387
      View Details
    • Value Estimation
      $95,000
      11,404 SF

      3801 Bee Caves Rd

      SHOPPING CENTER, STRIP CENTER • 11,404 SF
      3801 Bee Caves Rd, West Lake Hills, TX 78746-6657
      View Details

    Similar Nearby for Sale

    • $1,495,000

      Lake Austin Dream Home Site

      Half-acre lot ready for your vision in Eanes ISD.
      2805 Rivercrest Dr, Austin, TX 78746
      View Details
    • $2,175,000

      Land for Sale in Austin

      Land available in Austin, Texas.
      2909 Stratford Dr, Austin, TX 78746
      View Details
    • $1,350,000

      Land For Sale Austin

      Land available for sale in Austin, Texas.
      3107 Cavalcade Ct, Austin, TX 78746
      View Details
    • Contact for pricing
      11,848 SF

      Westlake Hills Office Building

      High-visibility office building in Westlake Hills near retail.
      1101 S Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • $395,000
      0.51 Acres

      Austin Commercial Land Opportunity

      Prime 0.5-acre lot, owner financing available.
      412 Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • Contact for pricing
      2,524 SF

      West Lake Hills Office Building

      Office building in Westlake/Bee Cave area, ideal for owner/user.
      1101 S Capital Of Texas Hwy, West Lake Hills, TX 78746
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail and Restaurant Space Available

      High-end retail and restaurant space in Bee Cave, Texas.
      12005 Bee Caves Rd, Austin, TX 78746
      View Details
    • Contact for pricing
      43,293 SF

      Retail Space in Austin Center

      Retail, service, and restaurant spaces available in Austin, Texas.
      4021 S Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in HEB Anchored Center

      Retail space available in HEB anchored shopping center.
      701 S Capital Of Texas Hwy, West Lake Hills, TX 78746
      View Details
    • Contact for pricing
      129,230 SF

      CityView Center: Austin Retail Space

      Prime Austin Fitness Center Space Available
      1122 Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • $42 SF/Yr
      23,439 SF

      Westlake Hills Medical Office Space

      Class A Medical Office Suites Available
      3423 Bee Cave Rd, West Lake Hills, TX 78746
      View Details
    • Contact for pricing
      48,512 SF

      CityView Retail Center - Lease Opportunity

      Prime Travis County retail space available.
      1120 Capital Of Texas Hwy, Austin, TX 78746
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 Spyglass Dr
    Austin, TX 78746-7590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.