8538 Research BlvdAustin, TX 78758

  • Retail properties
  • 567 SF
For Sale

Property Details for 8538 Research Blvd

Year built
1979
Construction
CONCRETE
Lot size
0.51 AC
Property size (Sq ft)
567 SF
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
239100313
APU
239100313

Description

This exceptional 0.51-acre lot located at 8538 Research Boulevard in Austin, Texas, presents a unique opportunity for a food market operator. Situated in Travis County, zip code 78758, this property offers a single-tenant occupancy, ideal for an independent grocer or a specialty food retailer seeking a high-visibility location. The land's size provides ample space for building development or expansion, catering to the needs of a growing business. The property is designated as retail and specifically categorized as a food market, reflecting its suitability for businesses in the food and beverage sector. The "For Lease" status indicates immediate availability for prospective tenants. This prime location in Austin offers excellent access to a vibrant and expanding community, providing a strong potential customer base. The property's single-tenant nature ensures exclusive use and control, minimizing competition and maximizing operational efficiency. This is a rare opportunity to establish a thriving food market in a desirable Austin location. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate development or lease, making it an attractive investment for those seeking a foothold in the Austin retail market. The 0.51-acre lot provides significant flexibility in terms of building design and layout, allowing for customization to meet specific business requirements.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $265,033
    6.5%
    $244,646
    7%
    $227,171
  • Comparable approach

    Method
    Valuation
    Relative Method
    $427,780
    Geo Method
    $427,780
  • Alternative Use

    Use
    Valuation
    Residential
    $206,368
    Hospitality
    $189,032
    Educational
    $157,272
    Medical
    $162,681
    Retail
    $244,646
8538 Research Blvd, Austin, Texas

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.36
Longitude
-97.7171
CBSA code
12420
CBSA name
AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$15,306
$668,070
$176,930
$845,000
-
$668,070
$176,930
$845,000

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