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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
5004 Bee Crk Rd Spicewood, TX 78669-6827
Entity Owned
2-yr Hold
Free & Clear
Property ID
US82-0314512
Property summary
AI-generated overview
This exceptional 20,400-square-foot warehouse, built in 2005 and renovated in 2018, is ideally situated at 5004 Bee Creek Rd, Spicewood, TX 78669. Currently offering 3,000 square feet of immediately available space, this single-tenant property presents a fantastic opportunity. The warehouse boasts a convenient drive-in bay, enhancing loading and unloading efficiency. The included office space features approximately 3,000 square feet with air conditioning, a kitchenette, and a bathroom, providing a comfortable and functional workspace. Additional storage is conveniently located above the office area within the warehouse itself. The property benefits from excellent visibility and signage opportunities along Bee Creek Road, ensuring high brand awareness. Its location near Lake Travis Middle School adds to its strategic appeal. This property is ready for immediate move-in, making it an attractive option for businesses seeking a well-maintained and conveniently located industrial space in the thriving Spicewood area. The property's prime location and modern amenities make it an exceptional investment opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
3,750 SF
Lot
4.56 ac (198,851 SF)
APN
126960219
UPID
US82-0314512
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
$575k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Holeshot Holdings LLC · 2 yrs held
Holeshot Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$535,000
+24.4%
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 Spicewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spicewood 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
$575,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
AUTO REPAIR, GARAGE
$535,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$420,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$350,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$153 / 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
$61,890
Tax year 2022
Assessed value
$3,371,665
Assessed 2023
Previous assessed
$3,371,665
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$507,071
Assessed improvement
$2,864,594
Land market value
$507,071
Improvement market value
$2,864,594
Total market value
$3,371,665
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
6
Stories
1
Total area
3,750 SF
Lot
4.56 ac (198,851 SF)
APN
126960219
UPID
US82-0314512
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
WAREHOUSE, STORAGE Current
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$535,000
OFFICE BUILDING
Est. value
$420,000
RETAIL STORES
Est. value
$350,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2005
Heating
NONE
Stories
1
Buildings
6
Lot
4.56 ac
Current owner
From public records · entity-resolved
Holeshot Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
403 LIVE OAK CIR, DRIPPING SPRINGS, TX 78620-3961
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
—
Holeshot Holdings LLC
—
Deed
related
$4,500,000 · First Texas Bank
Jan 25, 2024
—
Holeshot Holdings LLC
—
Deed
related
$4,500,000 · Hornet Capital LLC
Dec 29, 2023
—
Holeshot Holdings LLC
Hornet Capital LLC
Special Warranty Deed
—
Jul 19, 2021
—
Hornet Capital LLC
Texas Public Employees Association
Venders Lien
$2,500,000 · Steve Eckart
Jun 17, 2013
—
Travis County
Texas Public Employees Assn
Warranty Deed
related
—
Oct 2, 2012
—
Texas Public Employees Assn
Bee Creek Center
Warranty Deed
$1,250,000 · Crockett National Bank
Mar 9, 2007
—
Bee Creek Center
Scott,daniel
Grant Deed
—
Feb 17, 2004
—
Michael Scott
Jm Assets LP
Grant Deed
related
—
—
—
Daniel Scott
—
Deed Of Trust
related
$775,000 · Bill D Thompson
—
—
Daniel Scott
—
Deed Of Trust
related
$450,000 · Bill D Thompson
—
—
Daniel Scott
—
Deed Of Trust
related
$325,000 · Bill D Thompson
—
—
Daniel Scott
—
Deed Of Trust
related
$863,576 · Bill D Thompson
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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