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Investment Highlights

  • Excellent visibility and accessibility at the gateway to Lago Vista
  • Flexible layout suitable for medical, executive office, legal, financial, or mixed professional users
  • Two-story multi-tenant office building with strong Hill Country presence
  • Nearby retail, dining, and service amenities support strong daytime traffic including Brookshire Brothers, Dollar General etc.

Executive Summary

20624 RM 1431, known as The Casey Building, is a high end professional office asset positioned along the primary commercial corridor serving Lago Vista and the North Lake Travis area. Designed with upscale Hill Country architecture, the property features 9 professional office suites within a two story executive style environment ideal for investors,
owner occupants, medical users, professional services, or boutique firms seeking a premium presence in a rapidly expanding market. The property offers existing rental income from established long term tenants while still providing flexibility for an owner occupant to offset operational costs through in place tenancy.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,468 SF
Building Class
B
Year Built
2008
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Slab To Slab
14’
Building FAR
0.26
Lot Size
1.19 AC
Zoning
Commercial
Parking
52 Spaces (3.86 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Balcony
  • Smoke Detector

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Casey Building Company
  • -
  • -
  • -
  • -
  • Casey Homes
  • Construction
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -

Farmers Insurance began in 1928, when its founders set out to provide quality insurance at a reasonable price. The company offers coverage for home, auto, life, business, recreational vehicles, and other financial products through multiple brands and distribution channels, including exclusive agencies, independent agents, online sales, and company call centers. Farmers has grown into a U.S. insurance group with a broad market presence and a national claims service network. The business continues to serve households and businesses across the country while maintaining its focus on insurance and related financial services.

  • Harbor America
  • -
  • -
  • -
  • -
  • Travis County Emergency Services District #1
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Casey Building Company - - - -
Casey Homes Construction - - -
Finance and Insurance - - -
Harbor America - - - -
Travis County Emergency Services District #1 Public Administration - - -
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
773639
Land Assessment
$31,510
Improvements Assessment
$436,858
Total Assessment
$468,368
  • Listing ID: 40633221

  • Date on Market: 5/22/2026

  • Last Updated:

  • Address: 20624 Hwy 1431, Lago Vista, TX 78645

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