927 41St StAustin, TX 78751

  • Apartment buildings
  • 3,896 SF
For Lease
$28/SF/YR View listing

Property Details for 927 41St St

Year built
1980
Construction
WOOD FRAME
Lot size
0.19 AC
Property size (Sq ft)
3,896 SF
Property type
Apartment buildings
APN
217090414
APU
217090414

Description

This exceptional Austin office building, located at 927 E 41st St, offers a fantastic opportunity for businesses seeking flexible and modern workspace. The property, a two-story Class B building constructed in 1980 and extensively renovated in 2023, boasts a total of 3,896 square feet across six suites. Currently, 1,200 square feet of space is immediately available, divisible into units as small as 600 square feet, with a maximum contiguous space of 1,200 square feet. The building features ample parking with 10 spaces available for tenants. Situated on a 0.2-acre lot, this property enjoys a prime location just across from Hancock Plaza and minutes from the University of Texas campus, providing excellent accessibility and visibility. The building's recent renovation ensures modern amenities and a comfortable work environment. Ideal for a variety of businesses, from traditional office setups to executive suites and creative agencies, this property presents a unique chance to establish a presence in a thriving Austin neighborhood. The flexible lease options cater to businesses of various sizes, making it an attractive proposition for both startups and established companies. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,736,960
    6.5%
    $1,603,348
    7%
    $1,488,823
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,807,956
    Geo Method
    $1,807,956
  • Alternative Use

    Use
    Valuation
    Residential
    $1,603,348
    Hospitality
    $1,468,658
    Educational
    $1,221,906
    Medical
    $1,263,929
    Retail
    $1,900,743

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.2983
Longitude
-97.7203
CBSA code
12420
CBSA name
AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$17,793
$422,532
$570,948
$993,480
-
$422,532
$570,948
$993,480

FAQs

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