5508 Highway 290Austin, TX 78735

Property Details for 5508 Highway 290

Year built

1986

Construction

CONCRETE

Lot size

6.24 AC

Property size (Sq ft)

65,501 SF

Property type

Office buildings

APN

406280702

APU

406280702

Description

This exceptional three-story office building, Monterey Oaks, located at 5508 Hwy 290 W in Austin, Texas, offers a prime opportunity for businesses seeking executive-level office space. The building boasts a total of 74,485 square feet, with multiple tenancy options available. Currently, there are 8,769 square feet of vacant space, divisible into units ranging from a minimum of 4,070 square feet to a maximum contiguous space of 4,699 square feet. The property features high-quality interior finishes and systems, creating a professional and sophisticated work environment. A striking two-story lobby enhances the building's impressive aesthetic. Convenient parking is provided at a ratio of 4.1 spaces per 1,000 rentable square feet. Situated in Travis County, with a 78735 zip code, this location provides easy access to Austin's vibrant business community. The building's modern design and amenities make it an ideal choice for businesses seeking a prestigious and functional workspace. This is a rare opportunity to secure high-quality office space in a desirable Austin location. Contact us today to learn more about available units and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $20,418,008

  6.5%

  $18,847,392

  7%

  $17,501,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,610,344

  Geo Method

  $19,610,344

• Alternative Use

  Use

  Valuation

  Residential

  $23,370,766

  Hospitality

  $21,407,496

  Educational

  $17,810,786

  Medical

  $18,423,326

  Retail

  $27,705,666

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2381

Longitude

-97.8416

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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