2220 Lakeway Blvd, Lakeway, TX 78734-5132
- Office buildings
- 8,320 SF
- 1.05 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2220 Lakeway Blvd
- Year built
- 2009
- Lot size
- 1.05 lot acres
- Property type
- Office buildings
- APN
- 137760104
- APU
- 137760104
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 6, 2026 | — | Makamae Properties LLC | Heart Of Lakeway I LP | Deed | $1.7M · Prosperity Bank |
| Dec 20, 2006 | — | Heart Of Lakeway I | Robinson,robert V | Warranty Deed | — |
| Jul 12, 2006 | — | Terra Advisors LLC | Robinson,robert V | Warranty Deed | — |
| Mar 1, 2006 | — | Robert V Robinson | Terry R Delooze | Venders Lien | $212k · American Bank Of Texas NA |
| Jul 2, 2004 | — | Terry R Delooze | Longton,pamela L | Warranty Deed | $150k · American Bank Of Texas |
| Oct 22, 2002 | $1,000 | Pamela L Longton | Longton,joseph D | Trustees Deed · related | — |
| — | — | Heart Of Lakeway 1 LP | — | Deed Of Trust · related | $795k · North Texas Certified Dev Corp |
Description
This exceptional two-story, Class A office building in Austin, Texas, presents a compelling value-add investment opportunity. Located at 2220 Lakeway Blvd, in the highly desirable Lakeway neighborhood, this 8,320 square foot property boasts 100% occupancy across five diverse tenants in a multi-tenant lease structure (NNN). Built in 2009 on a 1.05-acre lot, the building benefits from high visibility on Lakeway Boulevard, a major traffic corridor, and proximity to Ranch Road 620 (50,150+ vehicles per day). The property's current Net Operating Income (NOI) is $163,544, yielding a 6.00% cap rate, with below-market rents averaging $19.42 per square foot, offering significant upside potential. Situated just one mile from the Lakeway Airpark, 15 miles from downtown Austin and the Texas State Capitol, and 20 miles from Austin-Bergstrom International Airport, this location provides unparalleled convenience and accessibility. The surrounding area features an average household income exceeding $203,600 within a one-mile radius. The asking price is $2,725,000 ($327.52 per square foot). Rent bumps are included in the lease agreements. This property is ideal for investors seeking strong cash flow and future appreciation in one of Austin's fastest-growing markets.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $485,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $812,000
Market price range: $373k - $1.28M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $815,000 Current use
- RESTAURANT
- $835,000 Change: +2% Conversion: Moderate
- RETAIL STORES
- $780,000 Change: -4% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lakeway
- County
- Travis
- State
- Texas
- Longitude
- -97.9803
- Latitude
- 30.3577
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
