10601 Lamar BlvdAustin, TX 78753

  • Retail properties
  • 106,586 SF
For Lease

Property Details for 10601 Lamar Blvd

Year built
1986
Construction
STEEL FRAME
Lot size
13.66 AC
Property size (Sq ft)
106,586 SF
Property type
Retail properties
Property subtype
Strip malls
APN
245180406
APU
245180406

Description

This exceptional 107,397-square-foot flex space, situated on 13.66 acres in Travis County's Central Austin submarket (North Lamar cluster), presents a unique investment opportunity. The single-story, Class B building, constructed in 1988, offers multiple tenancy options with a minimum divisible space of 2,130 square feet and a maximum contiguous space of 35,200 square feet. Currently, 37,330 square feet are vacant, providing immediate occupancy potential for a variety of businesses. The property boasts 20-foot high ceilings and robust parking ratios, catering to diverse operational needs. Its strategic location along N Lamar Boulevard, near the Domain and Interstate 35, ensures high visibility and convenient access. The property is zoned CS and features one drive-in door, but lacks elevators. Property taxes are $1.80 per square foot. The building comprises a total of five suites. This prime location, combined with the flexible space options and ample parking, makes this property an ideal choice for businesses seeking a prominent presence in a thriving Austin submarket. The property's size and configuration make it suitable for a variety of uses, including retail, office, and industrial applications.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $49,821,580
    6.5%
    $45,989,148
    7%
    $42,704,208
  • Comparable approach

    Method
    Valuation
    Relative Method
    $80,415,176
    Geo Method
    $80,415,176
  • Alternative Use

    Use
    Valuation
    Residential
    $38,793,568
    Hospitality
    $35,534,700
    Educational
    $29,564,454
    Medical
    $30,581,220
    Retail
    $45,989,148
10601 Lamar Blvd, Austin, Texas

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.374
Longitude
-97.6888
CBSA code
12420
CBSA name
AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$158,153
$6,470,793
$3,736,039
$10,206,832
-
$6,470,793
$3,736,039
$10,206,832

FAQs

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