8920 Business Park DrAustin, TX 78759

Property Details for 8920 Business Park Dr

Year built

1980

Lot size

2.66 AC

Property size (Sq ft)

56,090 SF

Property type

Office properties

Property subtype

Office buildings

APN

248030106

APU

248030106

Description

Balcones North, located at 8920 Business Park Dr, Austin, TX 78759, offers exceptional executive office space for lease in Travis County. This multi-tenant property boasts a total of 53,984 square feet, with 13 individual suites available. The building features a flexible layout, accommodating spaces ranging from a minimum of 527 square feet to a maximum contiguous space of 11,590 square feet. Currently, there is 37,825 square feet of vacant space ready for immediate occupancy, providing ample opportunity for businesses of various sizes. The property's classification includes both retail and office space, reflecting its versatility and potential for diverse tenants. Ample parking is provided, with a ratio of 3.3 spaces per 1,000 square feet. The building's location in Austin offers excellent access to major transportation routes and a thriving business community. This is an ideal opportunity for businesses seeking high-quality, flexible office space in a prime Austin location. The property is categorized as Executive Office and Hotel, suggesting a potential for a variety of uses. Interested parties should inquire about available suite sizes and lease terms. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $17,912,764

  6.5%

  $16,534,858

  7%

  $15,353,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,792,786

  Geo Method

  $16,792,786

• Alternative Use

  Use

  Valuation

  Residential

  $20,503,224

  Hospitality

  $18,780,844

  Educational

  $15,625,441

  Medical

  $16,162,824

  Retail

  $24,306,242

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3796

Longitude

-97.7417

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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