5750 Balcones DrAustin, TX 78731

Property Details for 5750 Balcones Dr

Year built

1983

Construction

CONCRETE

Lot size

0.03 AC

Property size (Sq ft)

639 SF

Property type

Office properties

APN

132031406

APU

132031406

Description

This exceptional Austin office building, located at 5750 Balcones Dr, offers 4,748 square feet of space in a prime location at the Northwest quadrant of MoPac Expressway and Northland Drive (FM 2222). The Class B property, built in 1984 and renovated in 2002, features two buildings with two stories each. Currently vacant, this property presents a fantastic owner-occupant opportunity. The 4,748 square foot unit is situated on the second level, boasting views of the city. The interior includes 11 private offices, a breakroom/kitchen, two open workspaces, and a conference room, all with traditional office finishes. The property provides convenient access from both MoPac (Loop 1) and Northland Drive, with two access points off Balcones Drive for easy parking lot access. Parking is ample, with 3.31 spaces per 1,000 square feet. The asking price is $1,800,000 ($400.17/sq ft), and seller financing is available. This property is situated in a vibrant area surrounded by numerous restaurants and retailers, making it an ideal location for a business. The lease type is NNN. The property is individually owned.

• CAP approach

  CAP return

  Valuation

  6%

  $171,973

  6.5%

  $158,744

  7%

  $147,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $191,310

  Geo Method

  $191,310

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $368,120

  Retail / Commercial

  $177,888

  Mixed-Use / Specialty

  $168,678

  Hospitality / Lodging

  $112,589

  Institutional / Educational

  $172,293

  Residential Income

  $201,582

  Multifamily

  $289,308

  Automotive / Energy

  $147,679

  Parking / Income-Based Land

  $59,434.70

  Restaurant / Food Service

  $69,429.40

  Healthcare / Senior Housing

  $181,770

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3388

Longitude

-97.7566

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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