2500 William Cannon DrAustin, TX 78745

Property Details for 2500 William Cannon Dr

Year built

2010

Lot size

0.05 AC

Property size (Sq ft)

401 SF

Property type

Office properties

APN

415191837

APU

415191837

Description

This exceptional executive office building, constructed in 2010 and renovated in 2016, offers a prime investment opportunity in Austin, Texas. Located at 2500 W William Cannon Dr, zip code 78745, this two-story building encompasses 4,000 square feet and features four suites, with 733 square feet currently vacant. The minimum leasable space is 1 square foot, while the maximum contiguous space available is 390 square feet. The building boasts twelve standard offices, three executive suites, two conference rooms, a spacious reception area, two kitchens, a dedicated workroom, and an IT storage room. Modern amenities include three programmable thermostats, two high-efficiency (14 SEER) HVAC systems, keyless touchpad entry, and motion-detecting light switches. The property's APN is 04151918420000. This versatile property is ideal for an end-user seeking to occupy a portion of the building while generating income by leasing the remaining space to established tenants. The building's modern features and convenient location make it an attractive option for a variety of businesses. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Austin market.

• CAP approach

  CAP return

  Valuation

  6%

  $134,899

  6.5%

  $124,522

  7%

  $115,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,055

  Geo Method

  $120,055

• Alternative Use

  Use

  Valuation

  Residential

  $154,407

  Hospitality

  $141,436

  Educational

  $117,673

  Medical

  $121,720

  Retail

  $183,047

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2061

Longitude

-97.812

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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