11320 Ranch Road 2222Austin, TX 78730

Property Details for 11320 Ranch Road 2222

Year built

1960

Lot size

1.02 AC

Property size (Sq ft)

837 SF

Property type

Office buildings

APN

156300203

APU

156300203

Description

This exceptional 1.02-acre commercial land parcel presents a compelling investment opportunity in Austin, Texas. Located at 11320 Ranch Road 2222, this fee-simple property boasts a GR-CO zoning designation and offers approximately 200 feet of frontage on a high-traffic corridor (Ranch Road 2222, with 27,152 vehicles per day, and RR 620, with 34,952 vehicles per day). The site includes 40 existing parking spaces and the potential for monument signage. Its strategic location near affluent neighborhoods like River Place, Steiner Ranch, and Jester Point, coupled with proximity to major retail anchors (including a Target and H-E-B), a corporate mega campus, schools, and a university, ensures high visibility and strong potential for development. The area demonstrates exceptional demographics, with a projected 13.8% population increase within the next five years and an average household income of $184,151 within a three-mile radius. This site is ideal for developers seeking to capitalize on Austin's robust market, potentially commanding rents exceeding $33.00 per square foot. Alternatively, owner-users can secure a prominent location for their business. The asking price is $1,600,000, and seller financing may be available under agreeable terms. Existing structures on the site may require demolition to meet current city impervious cover requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $225,261

  6.5%

  $207,933

  7%

  $193,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,589

  Geo Method

  $250,589

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $482,186

  Retail / Commercial

  $233,008

  Mixed-Use / Specialty

  $220,945

  Hospitality / Lodging

  $147,476

  Institutional / Educational

  $225,679

  Residential Income

  $264,045

  Multifamily

  $378,952

  Automotive / Energy

  $193,439

  Parking / Income-Based Land

  $77,851.10

  Restaurant / Food Service

  $90,942.80

  Healthcare / Senior Housing

  $238,094

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4021

Longitude

-97.8519

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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