9511 Lamar BlvdAustin, TX 78753

Property Details for 9511 Lamar Blvd

Year built

1987

Construction

STEEL FRAME

Lot size

0.68 AC

Property size (Sq ft)

3,958 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

243170319

APU

243170319

Description

This exceptional investment opportunity presents a single-tenant, net-leased dental office located at 9511 N Lamar Blvd, Austin, TX 78753. The 4,053 square foot property, built in 1987 and situated on a 0.68-acre lot, is currently leased to Jefferson Dental Care, a corporate tenant with 63 locations across Texas. The lease, commenced January 25, 2020, has a remaining term of over six years, expiring January 31, 2030, with three 5-year renewal options at a 9% increase. The current annual net operating income (NOI) is $154,014, representing a 6.50% cap rate on the $2,370,000 asking price. The property benefits from a high-traffic location, with 38,000 vehicles passing daily, and enjoys excellent visibility as a hard-corner location across from an H-E-B grocery store. This desirable Austin location is in a dense urban submarket, boasting 141,000 residents within a 3-mile radius and proximity to Q2 Stadium, The Domain, and numerous corporate headquarters, including those of major tech companies and Fortune 500 firms. A significant rent bump of $40 per square foot is scheduled for February 1, 2027. The property's APN is 249278. This is a strong, stable investment in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,258,565

  6.5%

  $1,161,753

  7%

  $1,078,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,184,986

  Geo Method

  $1,184,986

• Alternative Use

  Use

  Valuation

  Residential

  $1,440,573

  Hospitality

  $1,319,557

  Educational

  $1,097,856

  Medical

  $1,135,613

  Retail

  $1,707,776

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3645

Longitude

-97.6957

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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