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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office Spaces
4407 Bee Caves Rd 1, West Lake Hills, TX 78746-6405
Entity Owned
15-yr Hold
Free & Clear
Property ID
US82-0626235
Property summary
AI-generated overview
This exceptional 3,005-square-foot office condo is situated in the prestigious Park at Eanes Creek in West Lake Hills, Texas. Located on the second floor of Building 3, this vacant space offers a turnkey solution for businesses seeking a ready-to-occupy location. The property is classified as a Class B office, with a NNN lease type. Built in 2001, this single-story building provides convenient access and ample parking. Four covered parking spaces are included, in addition to uncovered parking. The suite's location within The Park at Eanes Creek offers proximity to numerous amenities and easy access to downtown Austin and the Hill Country. Its suitability for both office and medical use is enhanced by its adjacency to a fully licensed (AAAASF) surgery center, presenting a unique opportunity for synergistic businesses. This property represents an ideal owner-user opportunity in a highly sought-after area of West Lake Hills, providing long-term value and unmatched market appeal. The address is 4407 Bee Caves Rd, West Lake Hills, TX 78746.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2001
Construction
CONCRETE
Total area
5,154 SF
Lot
0.52 ac (22,856 SF)
APN
113190802
UPID
US82-0626235
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$550k
Owner & transaction history
Terrace Mtn Invstrs II LLC · 15 yrs held
Terrace Mtn Invstrs II LLC
since 2011
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$740,000
+50.3%
Commercial (general)
$545,000
+10.4%
Restaurant
$510,000
+3.9%
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 West Lake Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Lake Hills 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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$490,000
Current use
AUTO REPAIR, GARAGE
$740,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +10% · Conversion: Easy
RESTAURANT
$510,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$495,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$107 / 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
Assessed value
$2,381,198
Assessed 2023
Previous assessed
$2,142,000
+11.2% YoY
Assessed land
$457,160
Assessed improvement
$1,924,038
Land market value
$457,160
Improvement market value
$1,924,038
Total market value
$2,381,198
Applied tax rate
9.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
5,154 SF
Lot
0.52 ac (22,856 SF)
APN
113190802
UPID
US82-0626235
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
$490,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$545,000
RESTAURANT
Est. value
$510,000
RETAIL STORES
Est. value
$495,000
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
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Terrace Mtn Invstrs II LLC
Entity
Free & Clear · 15 yrs held
Mailing address
4407 BEE CAVES RD STE #122, WEST LAKE HILLS, TX 78746-6001
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2011
—
Terrace Mtn Invstrs II LLC
Roby,russell R
Grant Deed
—
—
—
Russell R Roby
—
Deed Of Trust
related
$150,000 · Robert A Ersek
—
—
Russell R Roby
—
Deed Of Trust
related
$152,000 · Robert A Ersek
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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