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    597 Opal Ln Kyle, TX 78640
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    597 Opal Ln Kyle, TX 78640

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    • Commercial land
    • 559,310 SF
    For Sale
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    Development Opportunity in Kyle, TX For Sale
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    559,310 SF

    Development Opportunity in Kyle, TX

    Prime land for development in fast-growing Kyle, Texas.

    597 Opal Ln, Kyle, TX 78640
    View Listing
    Property ID
    US83-1800589
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 597 Opal Ln

    Property size
    559,310 SF
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    PRIME DEVELOPMENT OPPORTUNITY IN KYLE, TX • With a population of 53,763, Kyle is one of the largest and fastest growing cities in Texas. • Recent additions to the city's business sector include HPI, Majestic Realty, Alsco, and ENF. • Billion-dollar area called Uptown Kyle that includes hotel convention center, office spaces, a soccer complex and dozens of stores and restaurants is currently being developed. GREAT ACCESSIBILITY & CONNECTIVITY • Kyle is conveniently located 22 miles southwest of Austin along I-35. • Easy access to State Hwy 21 via FM150W. • State Hwy 123 is less than 10 miles south of site. CONVENIENTLY LOCATED WITHIN CENTRAL TEXAS • San Marcos: 15 minutes • Austin: 30 minutes • ABIA: 25 minutes • San Antonio: 55 minutes

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kyle
    County
    Hays
    State
    Texas
    Longitude
    -97.8881957
    Latitude
    29.9779271

    Comparable in this City

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      Marketplace Ave, Kyle, TX 78640
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      IH-35 Frontage Land For Sale

      High-traffic land with IH-35 access, south of Austin.
      21320 Interstate 35, Kyle, TX 78640
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    • $750,000

      Commercial Corner Lot on Camino

      2.1 acre corner lot suitable for various commercial ventures.
      12290 Camino Real, Kyle, TX 78640
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      Land Parcels Near New Subdivision

      Two land parcels ideal for retail development near new subdivision.
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      Highway Frontage Retail Development Land

      8.81 acres with highway frontage suitable for retail development.
      95 Camino Real, Uhland, TX 78640
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      Development Opportunity in Kyle, TX

      Prime land for development in fast-growing Kyle, Texas.
      Marketplace Ave, Kyle, TX 78640
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      IH-35 Frontage Land For Sale

      High-traffic land with IH-35 access, south of Austin.
      21320 Interstate 35, Kyle, TX 78640
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    • $750,000

      Commercial Corner Lot on Camino

      2.1 acre corner lot suitable for various commercial ventures.
      12290 Camino Real, Kyle, TX 78640
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      Land Parcels Near New Subdivision

      Two land parcels ideal for retail development near new subdivision.
      Camino Real, Uhland, TX 78640
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      Highway Frontage Retail Development Land

      8.81 acres with highway frontage suitable for retail development.
      95 Camino Real, Uhland, TX 78640
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    Similar Nearby for Lease

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      2,627 SF

      Prime Kyle Retail/Warehouse Space

      IH-35 frontage, 2,627 SF, immediate occupancy.
      23451 IH-35, Kyle, TX 78640
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      38,000 SF

      Retail Space in Kyle, Texas

      38,000 square feet of retail space available for lease.
      5839 Kyle Pkwy, Kyle, TX 78640
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      2,604 SF

      Office Space in Kyle, TX

      Office space available for lease in Kyle, Texas.
      1300 Dacy Ln, Kyle, TX 78640
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      1,101 SF

      Office Space in Kyle, TX

      Office space for rent in a park-like setting.
      181 Kirkham Cir, Kyle, TX 78640
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      1,797 SF

      Retail Space in Kyle, Texas

      Retail spaces available for lease in Kyle, Texas.
      5896 Kyle Pkwy, Kyle, TX 78640
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      Retail Space in Mixed-Use Community

      Retail space in a mixed-use community with green space.
      5839 Kyle Pkwy, Kyle, TX 78640
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    View Listing
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    597 Opal Ln
    Kyle, TX 78640
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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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