3900 Berkman DrAustin, TX 78723

Property Details for 3900 Berkman Dr

Year built

2023

Lot size

0.68 AC

Property size (Sq ft)

39,000 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

215161508

APU

215161508

Description

This exceptional Austin, Texas property, located at 3900 Berkman Dr, offers 5,000 square feet of commercial space ideally suited for retail or office use. Situated in the desirable Mueller neighborhood, this Travis County property boasts three separate suites ranging from 800 to 3,000 contiguous square feet, with a minimum divisible space of 800 square feet. Currently, all 5,000 square feet are vacant and available for lease. The units feature street-front visibility and signage opportunities along Berkman Dr, providing excellent exposure. The property is zoned PUD and is scheduled for shell condition delivery in the second quarter of 2024. This presents a unique opportunity for owner-users and investors seeking a high-visibility location in a thriving Austin community. The property's proximity to a new 345-unit apartment development and the historic Mueller control tower further enhances its appeal and potential for strong tenant occupancy. This is a rare chance to secure prime commercial space in a rapidly developing area of Austin, Texas, zip code 78723.

• CAP approach

  CAP return

  Valuation

  6%

  $9,408,842

  6.5%

  $8,685,085

  7%

  $8,064,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,098,126

  Geo Method

  $18,098,126

• Alternative Use

  Use

  Valuation

  Residential

  $8,685,085

  Hospitality

  $7,955,491

  Educational

  $6,618,875

  Medical

  $6,846,508

  Retail

  $10,296,028

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2914

Longitude

-97.6995

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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