1806 Rio Grande StAustin, TX 78701

  • Office buildings
  • 6,839 SF
For Lease
$20/SF/YR View listing

Property Details for 1806 Rio Grande St

Year built
1920
Construction
WOOD FRAME
Lot size
0.54 AC
Property size (Sq ft)
6,839 SF
Property type
Office buildings
APN
211010304
APU
211010304

Description

This exceptional Austin office property, located at 1806 Rio Grande St, offers a unique blend of historic charm and modern functionality. Housed in the nationally registered 1912 Historic Pope Watson House, this 9,267 square foot building boasts extensive restoration and remodeling, preserving its masterful woodcarving, ornamental plaster work, and architectural details. The property is zoned DMU-H (Downtown Mixed Use-Historic) and features a flexible layout suitable for multiple tenants. Currently, there are three spaces available, ranging from a minimum of 2,428 square feet to a maximum contiguous space of 9,267 square feet. The building is well-equipped with state-of-the-art CAT 5e network wiring, ensuring seamless connectivity. Ample surface parking is available for tenants and their guests, with a total of 21 parking spaces. This property presents a rare opportunity to lease space in a beautifully restored historic building in the heart of Austin, Texas (zip code 78701), offering a prestigious address and a unique work environment. The property is classified as both Traditional and Creative Office space, catering to a variety of business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,962,473
    6.5%
    $1,811,514
    7%
    $1,682,120
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,047,528
    Geo Method
    $2,047,528
  • Alternative Use

    Use
    Valuation
    Residential
    $2,246,277
    Hospitality
    $2,057,578
    Educational
    $1,711,880
    Medical
    $1,770,755
    Retail
    $2,662,925

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.282
Longitude
-97.7453
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
$65,180
$2,374,000
$2,115,826
$4,489,826
-
$2,374,000
$2,115,826
$4,489,826

FAQs

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