717 Parmer LnAustin, TX 78753

Property Details for 717 Parmer Ln

Year built

1999

Lot size

23.77 AC

Property size (Sq ft)

328,138 SF

Property type

Office properties

Property subtype

Office buildings

APN

258280103

APU

258280103

Description

This exceptional four-story executive office building, located at 717 E Parmer Ln, Austin, TX 78753, offers 182,872 square feet of prime office space in Travis County. The property sits on a substantial 300-acre lot and boasts multiple tenancy options, with spaces ranging from a minimum of 17,688 square feet to a maximum contiguous space of 41,296 square feet. Currently, the entire 182,872 square feet is vacant and ready for immediate occupancy. The building features modern amenities including elevators and ample parking (5.8 spaces per 1,000 square feet). Recent exterior renovations have enhanced the property's appeal, including new campus monument signs, a Wi-Fi enabled outdoor plaza, sand volleyball courts, updated landscaping, and new outdoor furniture. Interior improvements are equally impressive, showcasing a renovated lobby, a tenant lounge, and a state-of-the-art fitness center complete with showers. The building's zoning allows for both office and life science/lab uses, providing flexibility for a variety of businesses. Its strategic location across from the Parmer Innovation District, a 300-acre technology park housing leading Fortune 500 companies, ensures high visibility and accessibility. This is a truly remarkable opportunity to secure a prestigious and well-appointed office space in a thriving Austin location.

• CAP approach

  CAP return

  Valuation

  6%

  $104,341,360

  6.5%

  $96,315,104

  7%

  $89,435,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,241,232

  Geo Method

  $98,241,232

• Alternative Use

  Use

  Valuation

  Residential

  $119,430,728

  Hospitality

  $109,397,904

  Educational

  $91,017,776

  Medical

  $94,148,016

  Retail

  $141,583,200

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4018

Longitude

-97.66

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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