1504 Koenig LnAustin, TX 78756

Property Details for 1504 Koenig Ln

Year built

1951

Construction

WOOD FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,230 SF

Property type

Office buildings

APN

230050526

APU

230050526

Description

This exceptional Class A office building, situated in the heart of Austin, offers a unique opportunity for businesses seeking flexible and modern workspace. Built in 1952 and extensively renovated in 2008, the single-story, 1,400 square foot building boasts four individual suites, with 300 square feet currently available. Spaces range from a minimum of 150 square feet to a maximum contiguous area of 300 square feet, catering to a variety of business needs. The building features an impressive 8-foot ceiling height, creating a spacious and comfortable work environment. Ten convenient parking spaces are available for the building's occupants, a significant advantage in a bustling urban setting. The property sits on a 0.17-acre lot and is conveniently located near the intersection of Koenig Lane and its cross street, 1504 W Koenig Ln, in Travis County. Amenities include high-speed WiFi and janitorial services, allowing tenants to focus on their core business operations. The building is ideal for both traditional office setups and coworking arrangements. Don't miss this chance to secure prime office space in a thriving Austin location.

• CAP approach

  CAP return

  Valuation

  6%

  $464,604

  6.5%

  $428,865

  7%

  $398,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $368,250

  Geo Method

  $368,250

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $844,162

  Retail / Commercial

  $432,916

  Mixed-Use / Specialty

  $431,400

  Hospitality / Lodging

  $316,539

  Institutional / Educational

  $448,491

  Residential Income

  $524,735

  Multifamily

  $629,190

  Automotive / Energy

  $384,421

  Parking / Income-Based Land

  $132,632

  Restaurant / Food Service

  $224,432

  Healthcare / Senior Housing

  $442,365

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3318

Longitude

-97.7329

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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