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Property profile & analytics
FOR LEASE
Office buildings
2101 Lakeway Blvd Lakeway, TX 78734
Trust Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3696059
For Lease
1 / 4
$15 SF/Yr
2101 Lakeway Blvd, Lakeway, TX 78734
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Property summary
AI-generated overview
The Grant Building, located at 2101 Lakeway Blvd in Lakeway, Texas, offers exceptional office and medical office space for lease. This two-story, Class B building, totaling 27,118 square feet, sits on a 2.22-acre lot in the desirable Lakeway submarket of Travis County. Built in 1998 and renovated in 2024, the building features updated finishes and is conveniently accessible via elevator. Currently, there are 3,619 square feet of vacant space available, with a minimum divisible space of 1,788 square feet and a maximum contiguous space of 1,831 square feet. The building is ideally suited for multiple tenants. The property boasts a prime location off Lohmans Crossing and Lakeway Blvd, offering easy access and high visibility. While the common areas are slated for renovation in 2025, the available suites are ready for immediate occupancy. The zip code is 78734. This is a fantastic opportunity for businesses seeking modern, well-maintained office space in a thriving Lakeway community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
20,034 SF
Lot
2.22 ac (96,834 SF)
APN
137760601
UPID
US83-3696059
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$820k
Owner & transaction history
G & P Dawlett 2005 Trust · 18 yrs held
G & P Dawlett 2005 Trust
since 2007
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 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$41 / 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
$66,717
Tax year 2022
Assessed value
$3,105,325
Assessed 2023
Previous assessed
$3,497,000
-11.2% YoY
Effective rate
2.15%
On assessed value
Assessed land
$968,340
Assessed improvement
$2,136,985
Land market value
$968,340
Improvement market value
$2,136,985
Total market value
$3,105,325
Applied tax rate
2.0000
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 Lease
Year built
1998
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
20,034 SF
Lot
2.22 ac (96,834 SF)
APN
137760601
UPID
US83-3696059
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
1998
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
2.22 ac
Current owner
From public records · entity-resolved
G & P Dawlett 2005 Trust
Trust
Mailing address
31200 VIA COLINAS STE #200, WESTLAKE VILLAGE, CA 91362-3959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Jun 5, 2015
—
Dawlett,g & P 2005 Trust
—
Trustees Deed
related
$350,000 · 2007 Sunset Ltd
Aug 3, 2007
—
G & P Dawlett 2005 Trust
Texas R & S Properties Ltd
Grant Deed
$1,800,000 · Sun Life Assurance Co
Apr 13, 2006
—
G & P Dawlett 2005 Trust
Texas R & S Properties Ltd
Grant Deed
$1,750,000 · First National Bank
Jul 3, 2000
—
Texas R & S Properties Ltd
Dallas,steven D
Trustees Deed
$2,156,250 · Comerica Bank Texas
Mar 11, 1999
—
Dlv Partners LP
Lakeway Lohmans Crossing LP
Grant Deed
related
—
Feb 2, 1999
—
Dlv Partners LP
Lakeway Lohmans Crossing LP
Grant Deed
related
—
Jan 12, 1998
—
Lakeway Lohman's Crossing LP
Lakeway Commercial Properties
Quit Claim Deed
related
$1,500,000 · Hartland Bank NA
Apr 9, 1997
—
Lakeway Commerical Properties
—
Deed Of Trust
related
$5,900,000 · Lakeway Partners LLC
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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