10700 Anderson Mill RdAustin, TX 78750

Property Details for 10700 Anderson Mill Rd

Year built

1991

Lot size

4.22 AC

Property size (Sq ft)

46,586 SF

Property type

Commercial real estate

APN

R-16-3072-000A-0001

APU

R163072000A0001

Description

This exceptional retail investment opportunity is located at 10700 Anderson Mill Road in Austin, Texas, within the desirable NW Austin submarket. The property consists of two buildings totaling 44,231 square feet, encompassing 18 individual suites, perfect for a variety of retail and office uses. Built in 1984 and extensively renovated in 2009, the property is well-maintained and offers ample space for businesses seeking a prime location. The zoning is GR-CO, allowing for a range of commercial activities. Currently, there are multiple suites available, ranging in size from 822 square feet to 4,661 square feet, providing flexibility for various business needs. The property sits on a generous 5.06-acre lot and boasts 219 parking spaces, ensuring convenient access for customers and employees. Its strategic location in the thriving NW Austin area provides excellent visibility and accessibility, making it an ideal choice for businesses looking to establish or expand their presence in a high-growth market. The property's address is 10700 Anderson Mill Road, Austin, TX 78750. This is a rare opportunity to acquire a well-established retail center in a prime Austin location. The property's size, amenities, and location make it an attractive investment for both individual businesses and larger portfolio investors.

• CAP approach

  CAP return

  Valuation

  6%

  $12,537,600

  6.5%

  $11,573,200

  7%

  $10,746,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,947,400

  Geo Method

  $13,947,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $26,837,600

  Retail / Commercial

  $12,968,800

  Mixed-Use / Specialty

  $12,297,400

  Hospitality / Lodging

  $8,208,260

  Office

  $11,573,200

  Institutional / Educational

  $12,560,900

  Residential Income

  $14,696,300

  Multifamily

  $21,091,800

  Automotive / Energy

  $10,766,500

  Parking / Income-Based Land

  $4,333,060

  Restaurant / Food Service

  $5,061,720

  Healthcare / Senior Housing

  $13,251,900

Location Insight

City

Austin

County

Williamson

State

Texas

Latitude

30.4475

Longitude

-97.811

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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