1017 Ranch Road 620Lakeway, TX 78734

Property Details for 1017 Ranch Road 620

Year built

1985

Lot size

0.37 AC

Property size (Sq ft)

9,292 SF

Property type

Office properties

Property subtype

Office buildings

APN

135700407

APU

135700407

Description

This exceptional two-story, 9,200 square foot Class B office building, located at 1017 Ranch Rd 620 S in Lakeway, Texas 78734, offers a diverse range of office spaces to suit various business needs. The property features 14 suites, with a minimum divisible space of 194 square feet and the possibility of leasing the entire 9,200 square feet contiguously. Built in 1985 and extensively renovated in 2022, the building boasts updated amenities including fresh paint, new signage, improved landscaping, restriped parking, a new mailbox, a modern security system, upgraded parking lot lighting, and completely remodeled bathrooms and kitchen with new appliances. The building's prime location offers easy access to Highway 620 at a well-lit intersection, providing convenient access to nearby Lakeway neighborhoods and retail establishments. The property is ideal for businesses seeking traditional office space, executive suites, coworking arrangements, creative office environments, or medical offices. All utilities and Wi-Fi are included in the lease. This is a multi-tenant building situated in Travis County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,744,055

  6.5%

  $2,532,974

  7%

  $2,352,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,781,932

  Geo Method

  $2,781,932

• Alternative Use

  Use

  Valuation

  Residential

  $3,140,888

  Hospitality

  $2,877,036

  Educational

  $2,393,660

  Medical

  $2,475,982

  Retail

  $3,723,472

Location Insight

City

Lakeway

County

Travis

State

Texas

Latitude

30.3523

Longitude

-97.9618

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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