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    Property profile & analytics

    5004 Bee Crk Rd Spicewood, TX 78669

    • Warehouses
    • 3,750 SF
    • 4.56 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Dec 29, 2023
    Value Estimations
    $650,000
    Cap Rate Potential
    6.6%
    Warehouses
    Location Intelligence
    Property ID
    US82-0314512
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 5004 Bee Crk Rd

    Year built
    2005
    Lot size
    4.56 lot acres
    Property size
    3,750 SF
    Property type
    Warehouses
    APN
    126960219
    APU
    126960219

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $630,000
      6.5%
      $580,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $871,000
      Market price range: $152k - $872k

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spicewood
    County
    Travis
    State
    Texas
    Longitude
    -98.0248
    Latitude
    30.3353
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $61,890
    $507,071
    $2,864,594
    $3,371,665
    -
    $507,071
    $2,864,594
    $3,371,665

    Comparable in this City

    • Value Estimation
      $410,000
      8,750 SF

      19316 State Hwy 71st W

      WAREHOUSE, STORAGE • 8,750 SF
      19316 State Hwy 71st W, Spicewood, TX 78669
      View Details
    • Value Estimation
      $390,000
      7,608 SF

      22108 Odell Fairway Trl

      WAREHOUSE, STORAGE • 7,608 SF
      22108 Odell Fairway Trl, Spicewood, TX 78669-6856
      View Details
    • Value Estimation
      $365,000
      4,700 SF

      21511 State Hwy 71st W

      WAREHOUSE, STORAGE • 4,700 SF
      21511 State Hwy 71st W, Spicewood, TX 78669-2292
      View Details
    • Value Estimation
      $355,000
      2,788 SF

      24350 Haynie Flt Rd

      WAREHOUSE, STORAGE • 2,788 SF
      24350 Haynie Flt Rd, Spicewood, TX 78669-1423
      View Details
    • Value Estimation
      $285,000
      2,400 SF

      704 Jim Bowie Dr

      WAREHOUSE, STORAGE • 2,400 SF
      704 Jim Bowie Dr, Spicewood, TX 78669-6610
      View Details
    • Value Estimation
      $285,000
      2,000 SF

      Kathy Ln

      WAREHOUSE, STORAGE • 2,000 SF
      Kathy Ln, Spicewood, TX 78669
      View Details

    Similar Nearby for Sale

    • $2,190,000

      Warehouse with Income-Producing Apartments

      Warehouse with two apartments on 7 acres in Spicewood.
      21511 W State Hy 71 W, Spicewood, TX 78669
      View Details
    • $459,900

      Warehouse with Storage Unit Potential

      Warehouse with storage units and income-producing potential.
      2650 County Rd 414 Dr, Spicewood, TX 78669
      View Details
    • Contact for pricing
      0.14 Acres

      Spicewood Commercial Land Parcel

      0.14-acre pad site, ready to build.
      22108 State Hwy 71, Spicewood, TX 78669
      View Details
    • $1,930,000

      Spicewood Industrial Property For Sale

      Industrial property available for purchase in Spicewood, Texas.
      22400 State Hwy 71 Hwy W, Spicewood, TX 78669
      View Details
    • Contact for pricing
      2.85 Acres

      Highway 71 Commercial Land

      Spicewood, TX: Prime Development Opportunity
      9807 State Hwy 71, Spicewood, TX 78669
      View Details
    • $799,000
      2.10 Acres

      Spicewood Industrial Property - 2.1 Acres

      Spacious Industrial Shop & Office - Excellent Location
      320 Red Bluff Rd, Spicewood, TX 78669
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      20,400 SF

      Spicewood Warehouse: 20,400 SF

      Industrial warehouse, single tenant, immediate occupancy.
      5004 Bee Crk Rd, Spicewood, TX 78669
      View Details
    • $42 SF/Yr
      23,177 SF

      Colinas Crossing Retail Center

      Bee Cave retail space, Hwy 71 frontage.
      15511 Hwy 71, Spicewood, TX 78669
      View Details
    • $1,100 /Mo

      Highway Frontage Land Lease

      Land lease with highway frontage suitable for food trucks.
      21122 State Hwy 71 Hwy W, Spicewood, TX 78669
      View Details
    • $8,500 /Mo

      Automotive Repair and Detailing Space

      Commercial property ideal for automotive repair and detailing business.
      804 Bee Crk Rd, Spicewood, TX 78669
      View Details
    • $2,750 /Mo

      Spicewood Office Building on Highway

      Freestanding office building with multiple offices and enclosed backyards.
      21122 A, Spicewood, TX 78669
      View Details
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    Spicewood, TX 78669
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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