504 38Th StAustin, TX 78751

Property Details for 504 38Th St

Year built

1923

Construction

WOOD FRAME

Lot size

0.35 AC

Property size (Sq ft)

2,720 SF

Property type

Office buildings

APN

219050107

APU

219050107

Description

This exceptional 2,750-square-foot creative office space is situated in a single-tenant building at 504 W 38th St, Austin, TX 78751, near Guadalupe. Built in 2005 and renovated in 2013, this one-story building sits on a 0.36-acre lot and offers a flexible layout ideal for a variety of businesses. The space features a large open area perfect for collaborative work, complemented by three private offices providing individual workspaces or meeting areas. A dedicated conference room facilitates meetings and presentations, while a convenient kitchen adds to the functionality of the space. Ten parking spaces are available in a private lot, ensuring ample parking for employees and clients. Property taxes are $11.19 per square foot. The building does not include elevators. This property presents a unique opportunity to acquire a well-maintained, functional office space in a desirable Austin location. The open floor plan and private offices offer a blend of collaborative and individual work environments, making it suitable for a range of businesses. The ample parking and convenient location add to the overall appeal of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $977,953

  6.5%

  $902,726

  7%

  $838,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $814,341

  Geo Method

  $814,341

• Alternative Use

  Use

  Valuation

  Residential

  $1,119,380

  Hospitality

  $1,025,346

  Educational

  $853,076

  Medical

  $882,415

  Retail

  $1,327,007

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3027

Longitude

-97.7374

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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