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    Property profile & analytics

    6817 Lee Manor Cv Manor, TX 78653

    • Commercial real estate
    • 87,991 SF
    • 2.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3782301
    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

    • Commercial real estate

    Property Details for 6817 Lee Manor Cv

    Lot size
    2.02 lot acres
    Property size
    87,991 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a rare opportunity to acquire over two acres of land in the thriving Austin ETJ, ideally situated along the high-growth corridor of TX-130 between Manor and Pflugerville. The 87,991 square foot parcel boasts a permitted Austin ETJ zoning designation, offering significant development potential. The property's strategic location provides easy access to major transportation routes and places it in close proximity to numerous large businesses, including Samsung, Tesla, Amazon, and Applied Materials, ensuring high visibility and strong potential for future growth. The land itself encompasses 2.02 acres, with 65% impervious cover. Utilities are readily available, including electricity from Oncor, water from Manville, septic wastewater disposal, and natural gas from Texas Gas. This is an exceptional investment opportunity for developers and businesses seeking a prime location in a rapidly expanding area. The asking price for this remarkable property is $659,000. Don't miss this chance to secure a piece of Austin's burgeoning commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manor
    County
    Travis
    State
    Texas
    Longitude
    -97.5838009
    Latitude
    30.38941

    Comparable in this City

    • $3,600,000

      Development Land with Utilities

      80.633 acres suitable for development with existing utilities.
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    • $2,425,000
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      Manor Industrial Land - 6.55 Acres

      Prime Austin ETJ industrial land, ready for development.
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    • $599,000

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      10 acre tract with barn, metal building, and RV/carport.
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      100.00 Acres

      Prime Converse County Warehouse

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    • $2,500,000

      Land for Mixed-Use Development

      10 acres for commercial/multifamily development on US 290.
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    • $3,999,945

      49 Acres Development Opportunity

      Cleared 49-acre parcel near Tesla, Amazon, and Samsung.
      17726 N Fm 973, Manor, TX 78653
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    Similar Nearby for Sale

    • $3,600,000

      Development Land with Utilities

      80.633 acres suitable for development with existing utilities.
      20900 Trappers Trl, Manor, TX 78653
      View Details
    • $2,425,000
      6.55 Acres

      Manor Industrial Land - 6.55 Acres

      Prime Austin ETJ industrial land, ready for development.
      14433 Gregg Mnr Rd, Manor, TX 78653
      View Details
    • $599,000

      10 Acre Tract with Improvements

      10 acre tract with barn, metal building, and RV/carport.
      14831 Bois D Arc Ln, Manor, TX 78653
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    • Contact for pricing
      100.00 Acres

      Prime Converse County Warehouse

      Spacious industrial warehouse, 5.5 acres.
      0 Gilbert Rd, Austin, TX 78653
      View Details
    • $2,500,000

      Land for Mixed-Use Development

      10 acres for commercial/multifamily development on US 290.
      16230 E Us 290 Hwy, Manor, TX 78653
      View Details
    • $3,999,945

      49 Acres Development Opportunity

      Cleared 49-acre parcel near Tesla, Amazon, and Samsung.
      17726 N Fm 973, Manor, TX 78653
      View Details

    Similar Nearby for Lease

    • $2,495 /Mo

      Unrestricted Land Near Tesla Campus

      Unrestricted land for lease near Tesla Campus in Austin ETJ.
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      Unrestricted Land Near Tesla Campus

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      6,507 SF

      Retail Space Available for Lease

      Retail property available for lease in Manor, Texas.
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    • $21,540
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      Manor Office Space: Prime Location

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      Prime Blake Manor Rd Office Space

      5 Acres, 2000 sq ft Office Space for Lease
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    • $600 /Mo

      Gravel Lot for Lease

      Gravel lot ideal for storage or parking, near Hwy 290.
      11600 Aus Tex Acres Ln, Manor, TX 78653
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    6817 Lee Manor Cv
    Manor, TX 78653
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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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