10601 Lamar BlvdAustin, TX 78753
- Retail properties
- 106,586 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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