10601 Lamar BlvdAustin, TX 78753

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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

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