12602 Research BlvdAustin, TX 78759

Property Details for 12602 Research Blvd

Year built

1975

Construction

WOOD FRAME

Lot size

0.88 AC

Property size (Sq ft)

5,207 SF

Property type

Retail space

APN

166050504

APU

166050504

Description

This exceptional 5,159-square-foot property, situated at 12602 Research Blvd. in Austin, Texas, presents a unique investment opportunity. Currently configured as a restaurant, the building's zoning (GR, LO) and flexible design allow for a variety of uses, including manufacturing and warehouse operations. The single-tenant occupancy offers immediate income potential or the chance to customize the space to suit your specific needs. Located near Oak Knoll, this property boasts convenient access to major transportation routes, enhancing its logistical appeal. The expansive 1.183-acre lot provides ample space for operations and includes over 80 parking spaces, ensuring convenient access for employees and customers. The high volume potential, indicated by a reported 175,000 vehicles per day (VPD) in the area, underscores the property's strategic location within a thriving commercial district. The property's versatility, combined with its prime location and substantial parking, makes it an attractive prospect for a wide range of businesses seeking a well-positioned and spacious facility in Austin, TX, zip code 78759. Detailed information regarding the property's specific features and potential uses is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,875,230

  6.5%

  $1,730,980

  7%

  $1,607,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,621,280

  Geo Method

  $1,621,280

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,354,210

  Mixed-Use / Specialty

  $1,733,440

  Hospitality / Lodging

  $1,283,020

  Office

  $1,732,140

  Institutional / Educational

  $1,805,170

  Residential Income

  $2,112,050

  Multifamily

  $2,485,200

  Automotive / Energy

  $1,547,290

  Parking / Income-Based Land

  $525,418

  Restaurant / Food Service

  $920,008

  Healthcare / Senior Housing

  $1,768,760

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.4303

Longitude

-97.7634

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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