500 5Th StAustin, TX 78701

Property Details for 500 5Th St

Year built

1995

Construction

CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

1,729 SF

Property type

Retail space

APN

206040501

APU

206040501

Description

This exceptional executive office space, located at 500 W 5th St in Austin, Texas, presents a unique opportunity for a single tenant. The property, known as IBC Bank Plaza, boasts a total of 4,234 square feet of readily available space, making it ideal for a business seeking a prominent location in the heart of Travis County. The entire building is currently vacant, offering complete customization potential for the incoming tenant. The building features ample parking with 10 spaces available for the exclusive use of the occupant. This single-tenant occupancy ensures privacy and control over the entire premises. The address, 500 W 5th St, places the property in a highly desirable area of Austin, offering excellent visibility and accessibility. The zip code is 78701. This is a prime opportunity to establish a sophisticated and efficient workspace in a thriving Texas city. The property is classified as an Executive Office building, reflecting its high-quality construction and amenities. The building's size and parking provisions make it suitable for a variety of businesses, from small professional firms to larger organizations requiring a dedicated and prestigious office environment. This is a rare chance to secure a complete, move-in ready office building in a prime Austin location.

• CAP approach

  CAP return

  Valuation

  6%

  $729,329

  6.5%

  $673,227

  7%

  $625,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,304,466

  Geo Method

  $1,304,466

• Alternative Use

  Use

  Valuation

  Residential

  $567,892

  Hospitality

  $520,186

  Educational

  $432,789

  Medical

  $447,673

  Retail

  $673,227

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.266

Longitude

-97.7383

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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