9616 Lamar BlvdAustin, TX 78753

Property Details for 9616 Lamar Blvd

Year built

1980

Construction

CONCRETE

Lot size

10.02 AC

Property size (Sq ft)

51,547 SF

Property type

Retail properties

Property subtype

Strip malls

APN

243170102

APU

243170102

Description

This exceptional retail opportunity presents 3 available spaces within the North Park Shopping Center, located at 9616 N Lamar Blvd, Austin, TX 78753. The center boasts a total of 115,843 square feet across three buildings, offering spaces ranging from 1,500 to 6,500 contiguous square feet. Currently, 5,804 square feet are vacant. Built in 1980 and renovated in 1989, the Class B property sits on 10.02 acres of land in the North/Domain submarket of Travis County, offering excellent visibility and accessibility. The center features ample parking with 200 spaces and benefits from a high traffic count of approximately 39,000 vehicles daily along North Lamar Boulevard. Its strategic location near Rundberg Drive and the intersection of North IH-35 provides easy access for customers. The property is situated near an HEB grocery store across Rutland Drive and enjoys an incredibly dense residential population within a 1-3 mile radius, ensuring a strong customer base. The property's floor area ratio (FAR) is 0.27. This prime retail space is ideal for businesses seeking high visibility and a thriving customer base in a well-established Austin location.

• CAP approach

  CAP return

  Valuation

  6%

  $24,094,654

  6.5%

  $22,241,220

  7%

  $20,652,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,890,292

  Geo Method

  $38,890,292

• Alternative Use

  Use

  Valuation

  Residential

  $18,761,302

  Hospitality

  $17,185,252

  Educational

  $14,297,927

  Medical

  $14,789,655

  Retail

  $22,241,220

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3665

Longitude

-97.6965

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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