This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

The Cabins At Rim Rock 11513 Rim Rock Trl

9 Room Hotel Austin, TX 78737 £2,035,797 (£226,200/Room) 4.06% Net Initial Yield

Investment Highlights

  • Private and quiet nature setting
  • Close to everything Austin has to offer
  • Room for expansion or building a dream home
  • Located near several popular wedding venues

Executive Summary

Has one of the nearly three acres still undeveloped and can be used for expansion of the resort adding more rental units or building a single family dwelling for owner/family compound.
Owners have now implemented on site park hosts so costs will continue to go down as they use them for 15 hours per week in cleanings and maintenance in exchange for their rv site full hookups.
2024 already on track to surpass previous years profit.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,035,797
Price Per Room £226,200
Sale Type Investment
Net Initial Yield 4.06%
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.74 AC
Building Size 3,611 SF
No. Rooms 9
Number of Floors 1
Year Built/Renovated 2013/2021
Parking Ratio 2.77/1,000 SF
Corridor Exterior

Amenities

  • Balcony
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

About 11513 Rim Rock Trl , Austin, TX 78737

UNRESTRICTED and surrounded by million dollar homes and ranches in a picturesque residential neighborhood in a nature setting. Over 600 five star reviews at this nearly 3 acre gated short term rental vacation resort made up of 6 mobile tiny homes/rv's on wheels and 3 permanent structure cabins plus a full 50amp hookup rv site for the on site parkhosts. Can easily continue operating as a short term rental resort with 9 cabin choices and a sparkling pool with pool house, or would also make a great family compound. Property also includes a laundry cabin for cleanings and storing housekeeping items plus a separate tool shed for the maintenance items. Beautiful observation deck area with views for miles. This spectacular property is ideally situated off highway 290 but feels like you're out in the country. Many guests that stay there are attending weddings at the many wedding venues nearby, or visiting for their family reunion and having the whole place to themselves. One street over is the bustling Fitzhugh Rd. corridor full of craft breweries and distilleries. Being only 25mi. from the Austin airport also brings in guests attending major events like Formula One, Austin City Limits Festivals, South by Southwest Fest, etc. In the short 3 years this family has owned this property, they have renovated the few cabins that were already on site, as well as built new ones and brought in a tiny home and an airstream to rent as well. It used to be on water storage tanks with broken down pumps and water delivery and they have spent lots of money adding city water infrastructure and plumbing and now are completely operating on city water with all tanks and water pumps gone. They have recovered the entire driveway and added additional parking spaces in clean gravel instead of the mud and crushed granite that would track dirt into each cabin. Every furnishing and all cabin decor has been changed out and updated. Pool equipment has all been swapped for new energy efficient filters and pumps. Solar lighting added throughout entire property exterior to save on electric bills, as guests love that we promote its dark sky community. Any woodburning fire pits were demolished and swapped out for safe propane gas firepits. To remain an Airbnb Superhost and Premier Host with VRBO every attention to detail has been thought of and implemented by these owners. Former guests are starting to be repeat guests and the five star reviews keep coming. There is a larger permanent cabin an owner/family could live in on site while renting the others, or turn into a beautiful family compound with space for everyone. Plenty of room to expand on the untouched front acre as well. Owners are only selling because they just became first time grandparents and looking to retire full time and travel more. Their parents who are also partial owners originally purchased this property with them to build a home on the front acre but have decided to downsize and not take on a new construction project at this age in their life. View the website as well used for direct bookings at www.CabinsAtRimRock.com and also visit on Airbnb, VRBO and Booking.com under their zip code 78737 to see their hundreds of five star reviews. 2024 on track to surpass previous years profits.

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 9 £148.04 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
338724
Land Assessment
£152,920
Improvements Assessment
£1,224,855
Total Assessment
£1,377,775

zoning

Zoning Code Unrestricted (Unrestricted, Austin ETJ!)
Unrestricted (Unrestricted, Austin ETJ!)
  • Listing ID: 30868398

  • Date on Market: 03/02/2024

  • Last Updated:

  • Address: 11513 Rim Rock Trl, Austin, TX 78737

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}