1017 Ranch Road 620, Austin, TX 78734

9,292 SF | 96% Leased | Office Building | Austin, TX 78734 | $2,400,000 ($258/SF) | 8.38% Cap Rate

Asking Price $2,400,000

Property Type: Office
Square Feet: 9,292 SF
Price / Square Foot: $258

Listing Contacts

Taylor Golden

Colin Tierney

Mollie Mclean

Property Overview

Gold Tier Real Estate is proud to present a 9,200 multi-tenanted retail/office building in the heart of Lakeway! The building is 100% occupied with a mix of strong service based tenants. Each space is less than 1,425 square feet, making it easier to lease.
The deal is already at an 8.38% cap rate, but additionally, there is a clear value-add strategy by increasing the lease rates and converting to NNN over time.
Don’t miss your chance to secure a prime piece of 620 real estate!
**Buyer to conduct all independent research on the property.**
**Broker Disclosure - Broker is a part owner in the property.**

Property Details

Class: B
Year Built/Renovated: 1985/2023
Stories: 2
Property Subtype: Office Live/Work Unit, Storefront Retail/Office
Lot Size (sq. ft): 29,185 SF

Highlights

8.38% Cap Rate
Recently Renovated
Boutique Retail/Office Suites
Service Based Tenants
100% Occupied with Rental Increases
Value-Add Opportunity (Increase Rents & Convert to NNN)

Nearby Properties

$2,400,000

8.38% Cap in Lakeway

9,292 SF | 96% Leased | Office Building | Austin, TX 78734 | $2,400,000 ($258/SF) | 8.38% Cap Rate

1017 Ranch Road 620
Austin, TX 78734

View Details
$2,850,000

Residential income property

5,284 SF Specialty Building Offered at $2,850,000 at a 6.52% Cap Rate in Austin, TX 78734

106 Bella Montagna Cir
Austin, TX 78734

View Details
$850,000

2051 Lohmans Spur

2.1 Acres of Commercial Land Offered at $850,000 USD in Austin, TX 78738

Lohmans Spur
Austin, TX 78738

View Details
$1,000,000

229 Ranch Road 620 S

0.9 Acres of Commercial Land Offered at $1,000,000 USD in Austin, TX 78734

229 Ranch Road 620
Austin, TX 78734

View Details
$2,800,000

Heart of Lakeway

8,320 SF | 100% Leased | Office Building | Austin, TX 78734 | $2,800,000 ($337/SF)

2220 Lakeway Blvd
Austin, TX 78734

View Details
$559,000

Flintrock Trace Office Condo A101

1,409 SF Office/Medical Condo Unit Offered at $559,000 in Lakeway, TX 78738

2806 Flintrock Trce
Lakeway, TX 78738

View Details
$315,000

Flintrock Trace Office Condo A204

698 SF Office Condo Unit Offered at $315,000 in Lakeway, TX 78738

2806 Flintrock Ter
Lakeway, TX 78738

View Details

Similar Properties

$2,400,000

19,820 SF Specialty Building Offered at $2,400,000 in Westfield, MA 01085

79 Mainline Dr
Westfield, MA 01085

View Details
$2,400,000

71,955 SF | Office Building | Mansfield, OH 44907 | $2,400,000 ($33/SF)

665 Lexington Ave
Mansfield, OH 44907

View Details
$2,400,000

Quality Inn & Suites Prairie Du Chien

42 Room Hotel | Prairie Du Chien, WI 53821 | $2,400,000 ($57,143/Room)

37268 Us Highway 18
Prairie Du Chien, WI 53821

View Details
$2,400,000

BEACHCOMBER

57 Unit Apartment Building | $2,400,000 ($42,105/Unit) | 9.50% Cap Rate | Conesus, NY 14435

5909 Lake Rd
Conesus, NY 14435

View Details
$2,400,000

Cross Keys land

11 Acres of Commercial Land Offered at $2,400,000 USD in Berlin, NJ 08009

277 Cross Keys Rd
Berlin, NJ 08009

View Details
$2,400,000

Hwy. 86 & Bus. 70 (Owl's Wood)

15.38 Acres of Commercial Land Offered at $2,400,000 USD in Hillsborough, NC 27278

1700 Nc 86
Hillsborough, NC 27278

View Details
$2,400,000

37 Acres of Commercial Land Offered at $2,400,000 USD in New Hill, NC 27562

5626 Christian Chapel Church Rd
New Hill, NC 27562

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].