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    1700 Rnch Rd 620th N Lakeway, TX 78734-2699

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    1700 Rnch Rd 620th N Lakeway, TX 78734-2699

    View on Map
    • Strip malls
    • 20,100 SF
    • 5.17 lot acres
    Off-Market
    Last Sale Jun 22, 2021
    Property ID
    US82-3301355
    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
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1700 Rnch Rd 620th N

    Year built
    2007
    Lot size
    5.17 lot acres
    Property size
    20,100 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    147660315
    APU
    147660315

    Description

    This exceptional Class A retail property, Lighthouse Market, offers a single, 2,496 square foot space in a vibrant Austin, TX location. Situated at 1700 Ranch Rd 620 N, Suite 106, Austin, TX 78734, this strip center boasts a total of 20,100 square feet and is conveniently located near Oak Grove BLVD. The property sits on 5.17 acres of land and features ample parking with 80 spaces. The zoning is ETJ, and the building is a single-story structure. This is a multiple-tenancy property, with this specific space representing the only currently available unit. The minimum divisible space is 2,496 square feet, and the maximum contiguous space available is also 2,496 square feet. The property is located in the desirable Lakeway submarket, offering excellent access to the thriving Lake Travis community and its many amenities. This location provides easy access to the scenic beauty of the Hill Country, as well as the upscale shopping and dining options of Lakeway. The property's strategic location and ample parking make it an ideal opportunity for businesses seeking a high-visibility presence in a rapidly growing area. This is a rare opportunity to secure a prime retail space in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $550,000
      Market price range: $361k - $1.05M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $685,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeway
    County
    Travis
    State
    Texas
    Longitude
    -97.945
    Latitude
    30.3816
    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
    $93,203
    $3,040,270
    $2,242,730
    $5,283,000
    -
    $3,040,270
    $2,242,730
    $5,283,000

    Comparable in this City

    • Value Estimation by Request
      22,200 SF

      2501 Rnch Rd 620th S

      SHOPPING CENTER, STRIP CENTER • 22,200 SF
      2501 Rnch Rd 620th S, Lakeway, TX 78734-6416
      View Details
    • Value Estimation
      $930,000
      20,383 SF

      2300 Lohmans Spur Rd

      SHOPPING CENTER, STRIP CENTER • 20,383 SF
      2300 Lohmans Spur Rd, Lakeway, TX 78734-6206
      View Details
    • Value Estimation
      $1,205,000
      85,756 SF

      1310 Rnch Rd 620th S

      SHOPPING CENTER, STRIP CENTER • 85,756 SF
      1310 Rnch Rd 620th S, Lakeway, TX 78734-6300
      View Details
    • Value Estimation
      $560,000
      18,766 SF

      107 Rnch Rd 620th S

      SHOPPING CENTER, STRIP CENTER • 18,766 SF
      107 Rnch Rd 620th S, Lakeway, TX 78734-3942
      View Details
    • Value Estimation by Request
      9,264 SF

      5000 Hudson Bnd Rd

      SHOPPING CENTER, STRIP CENTER • 9,264 SF
      5000 Hudson Bnd Rd, Austin, TX 78734-1246
      View Details
    • Value Estimation by Request
      7,673 SF

      M S F Rd

      SHOPPING CENTER, STRIP CENTER • 7,673 SF
      M S F Rd, Austin, TX 78734
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail plaza in Lakeway, Texas, near Lake Travis.
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      View Details
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      4,200 SF

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      Stand-alone retail building with frontage on Falcon Head Boulevard.
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      View Details
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    Lakeway, TX 78734-2699
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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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