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Property profile & analytics
FOR SALE
Office buildings
20811 Dawn Dr Lago Vista, TX 78645
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3705304
For Sale
1 / 11
Contact for pricing
20811 Dawn Dr, Lago Vista, TX 78645
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Property summary
AI-generated overview
This single-story, 14,610-square-foot Class C office building in Lago Vista, Texas, presents a compelling leasing opportunity. Situated on a 60-acre lot with the APN 01748009220000 and zoned C1, this property offers multiple tenancy options. The building features 30 total parking spaces, ensuring convenient access for employees and clients. Currently, one 458-square-foot space is immediately available, but the flexible layout allows for various configurations to suit diverse business needs. The interior boasts high ceilings, abundant natural light, and an open floor plan promoting adaptability. A kitchenette is also included. The property's prime location in a thriving business district provides excellent road visibility and accessibility. Ideal for office, retail, or service-oriented businesses seeking a spacious and versatile workspace in Lago Vista, TX 78645. The address is 20811 Dawn Dr.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
14,610 SF
Lot
0.6 ac (26,119 SF)
APN
174800922
UPID
US83-3705304
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$705k
Owner & transaction history
Borra Management LLC · 4 yrs held
Borra Management LLC
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 Lago Vista submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lago Vista 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$48 / 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
$19,322
Tax year 2022
Assessed value
$896,000
Assessed 2023
Previous assessed
$959,338
-6.6% YoY
Effective rate
2.16%
On assessed value
Assessed land
$148,884
Assessed improvement
$747,116
Land market value
$148,884
Improvement market value
$747,116
Total market value
$896,000
Applied tax rate
1.0000
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
For Sale
Year built
1971
Heating
NONE
Stories
1
Total area
14,610 SF
Lot
0.6 ac (26,119 SF)
APN
174800922
UPID
US83-3705304
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
1971
Heating
NONE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Borra Management LLC
Entity
Mailing address
PO BOX 200484, AUSTIN, TX 78720-0484
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
May 6, 2022
—
Borra Management LLC
Advent 4 Properties LLC
Venders Lien
$820,000 · First National Bank Of Bastrop
Apr 25, 2017
—
Advent 4 Properties LLC
—
Deed
related
$480,000 · Amegy Bk
Jul 18, 2007
—
David J Hanley II
Northshore Fellowship
Warranty Deed
related
—
Jan 23, 2007
—
Advent 4 Properties LLC
Gpmp Land Co LLC
Warranty Deed
—
Sep 1, 2006
—
Gpmp Land Co LLC
Forty-nine
Warranty Deed
related
—
May 17, 2006
$175,000
Forty-nine
Nunis Robert P
Trustees Deed
—
—
—
Advent 4 Properties LLC
—
Deed Of Trust
related
$455,000 · First State Bank Central Texas
—
—
Advent 4 Properties LLC
—
Deed Of Trust
related
$480,000 · Amegy Bk
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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