5515 Balcones DrAustin, TX 78731
- Retail properties
- 27,274 SF
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
- Retail properties
- Property subtype
- Strip malls
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $9,520,691
- 6.5%
- $8,788,330
- 7%
- $8,160,592
-
Comparable approach
- Method
- Valuation
- Relative Method
- $20,577,218
- Geo Method
- $20,577,218
-
Alternative Use
- Use
- Valuation
- Residential
- $7,413,285
- Hospitality
- $6,790,529
- Educational
- $5,649,640
- Medical
- $5,843,940
- Retail
- $8,788,330
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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