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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
1901 Rnch Rd 620th N Lakeway, TX 78734-2613
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US82-3508051
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
5,265 SF
Lot
1.74 ac (75,816 SF)
APN
147630417
UPID
US82-3508051
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$585k
Owner & transaction history
Wayne K Tully · 14 yrs held
Wayne K Tully
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+46.2%
Commercial (general)
$750,000
+45.5%
Restaurant
$520,000
+1.1%
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 Lakeway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeway 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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$515,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$750,000
Change: +45% · Conversion: Easy
RESTAURANT
$520,000
Change: +1% · Conversion: Moderate
RETAIL STORES
$505,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$111 / 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
$37,422
Tax year 2022
Assessed value
$2,294,366
Assessed 2023
Previous assessed
$2,114,200
+8.5% YoY
Effective rate
1.63%
On assessed value
Assessed land
$784,643
Assessed improvement
$1,509,723
Land market value
$784,643
Improvement market value
$1,509,723
Total market value
$2,294,366
Applied tax rate
17.0000
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
2007
Heating
NONE
Buildings
2
Stories
2
Total area
5,265 SF
Lot
1.74 ac (75,816 SF)
APN
147630417
UPID
US82-3508051
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
OFFICE BUILDING Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$750,000
RESTAURANT
Est. value
$520,000
RETAIL STORES
Est. value
$505,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2007
Heating
NONE
Stories
2
Buildings
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
Wayne K Tully
Individual
Mailing address
1901 RNCH RD 620TH N, LAKEWAY, TX 78734-2613
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2016
—
Goodwill Industries Of Ctrl Texas
—
Deed
related
$2,000,000 · Compass Bk
Sep 15, 2011
—
Wayne K Tully
Cit Small Busn Lending Corp
Grant Deed
$680,000 · Prosperity Bank
Dec 7, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 15, 2006
—
T L S Vets Pa
Liat E Zilkha
Special Warranty Deed
$2,000,000 · Cit Small Business Lending Corp
Jul 18, 2006
—
Liat E Zilkha
Hidalgo,felipe & Connie
Warranty Deed
$431,250 · Frost National Bank
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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