609 Castle Ridge RdAustin, TX 78746
- Office buildings
- 50,364 SF
Property Details for 609 Castle Ridge Rd
- Year built
- 1985
- Lot size
- 1.32 AC
- Property size (Sq ft)
- 50,364 SF
- Property type
- Office buildings
- APN
- 115230315
- APU
- 115230315
Description
609 Castle Ridge offers a prime retail opportunity in Austin, Texas, within Travis County. This multi-tenant property boasts a total of 44,808 square feet, with 19,368 square feet currently vacant and available for lease. Individual spaces range from a minimum of 1,276 square feet to a maximum contiguous space of 5,310 square feet, providing flexibility for various retail businesses. The property is ideally suited for businesses seeking high visibility and convenient access. Ample parking is provided, with a ratio of 3.0 spaces per 1,000 square feet. The property's address is 609 Castle Ridge, Austin, TX 78746. This location presents a unique chance to establish or expand a retail presence in a thriving Austin market. The property's storefront design is perfect for businesses seeking high foot traffic and excellent street visibility. The flexible space options allow for customization to meet individual business needs. Interested parties are encouraged to inquire about available space and lease terms. This is a fantastic opportunity to secure retail space in a desirable Austin location. The property is conveniently located in Travis County, offering easy access to major transportation routes and a strong customer base.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $18,888,900
- 6.5%
- $17,435,900
- 7%
- $16,190,500
-
Comparable approach
- Method
- Valuation
- Relative Method
- $15,078,500
- Geo Method
- $15,078,500
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $34,704,200
- Retail / Commercial
- $17,722,400
- Mixed-Use / Specialty
- $17,601,100
- Hospitality / Lodging
- $12,837,600
- Institutional / Educational
- $18,277,200
- Residential Income
- $21,384,400
- Multifamily
- $25,969,500
- Automotive / Energy
- $15,666,200
- Parking / Income-Based Land
- $5,463,650
- Restaurant / Food Service
- $9,030,380
- Healthcare / Senior Housing
- $18,109,200
Location Insight
- City
- Austin
- County
- Travis
- State
- Texas
- Latitude
- 30.2951
- Longitude
- -97.8295
- 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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