114 7Th StAustin, TX 78701

Property Details for 114 7Th St

Year built

1929

Construction

CONCRETE

Lot size

0.77 AC

Property size (Sq ft)

115,970 SF

Property type

Office buildings

APN

206032103

APU

206032103

Description

This exceptional 4,954 square foot executive office suite is located in the Norwood Tower at 114 W 7th St, Austin, Texas, 78701. Situated in the heart of Travis County, this single-tenant space offers unparalleled convenience and prestige. The entire building's 4,954 square feet is currently available for lease, providing a unique opportunity for a business seeking a substantial and impressive headquarters. The property's prime location offers easy access to Austin's vibrant downtown core, major transportation arteries, and a wealth of amenities. The building itself boasts a sophisticated and modern aesthetic, ideal for businesses seeking to project an image of success and professionalism. This is a rare opportunity to secure a significant, fully vacant, and highly desirable office space in a coveted Austin location. The property is ready for immediate occupancy, allowing for a seamless transition for your business. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is categorized as an office building with an executive office subtype. Its location provides excellent visibility and accessibility, making it an ideal choice for a variety of businesses. The building's size and layout offer flexibility for customization to meet specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $37,715,000

  6.5%

  $34,813,900

  7%

  $32,327,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,720,300

  Geo Method

  $34,720,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $69,965,000

  Retail / Commercial

  $35,598,800

  Mixed-Use / Specialty

  $35,252,200

  Hospitality / Lodging

  $25,577,300

  Institutional / Educational

  $36,569,500

  Residential Income

  $42,786,300

  Multifamily

  $52,533,800

  Automotive / Energy

  $31,345,300

  Parking / Income-Based Land

  $11,034,000

  Restaurant / Food Service

  $17,866,000

  Healthcare / Senior Housing

  $36,375,800

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2697

Longitude

-97.7433

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].