5515 Balcones DrAustin, TX 78731

Property Details for 5515 Balcones Dr

Year built

1969

Construction

STEEL FRAME

Lot size

1.41 AC

Property size (Sq ft)

27,274 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

130020607

APU

130020607

Description

Plaza Balcones offers a unique 3,200 square foot retail endcap space in a highly desirable Austin, Texas location. Situated at 5515 Balcones Dr, Austin, TX 78731, this Class A property boasts excellent visibility and accessibility at the corner of Loop 1/Mopac and RM 2222. The building is a two-story structure totaling 25,000 square feet, with this specific space representing the entirety of one available suite within a multi-tenant building. The property is zoned GR (General Retail) in Travis County and benefits from a grocery-anchored retail center configuration, ensuring high foot traffic and strong neighborhood appeal. The location provides both regional convenience and access to a dense, high-end demographic. This endcap space offers exceptional signage opportunities, including building signage facing Mopac and Balcones Drive, as well as pylon signage on Balcones Drive, maximizing brand visibility. The minimum divisible space is 3,200 square feet, and the maximum contiguous space available is also 3,200 square feet. This presents a fantastic opportunity for businesses seeking a prominent location in a thriving Austin market. The property's central Austin location ensures easy access for customers and employees alike.

• CAP approach

  CAP return

  Valuation

  6%

  $8,225,400

  6.5%

  $7,592,670

  7%

  $7,050,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,492,180

  Geo Method

  $8,492,180

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,712,200

  Mixed-Use / Specialty

  $7,199,590

  Hospitality / Lodging

  $4,805,570

  Office

  $6,775,580

  Institutional / Educational

  $7,353,850

  Residential Income

  $8,604,010

  Multifamily

  $12,348,300

  Automotive / Energy

  $6,303,300

  Parking / Income-Based Land

  $2,536,810

  Restaurant / Food Service

  $2,963,410

  Healthcare / Senior Housing

  $7,758,390

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3365

Longitude

-97.7573

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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