2100 Old Airport RdGeorgetown, TX 78626

For Sale
$5,500,000 View listing
  • Commercial real estate
  • 1,844 SF

Property Details for 2100 Old Airport Rd

Year built
2002
Lot size
5.44 AC
Property size (Sq ft)
1,844 SF
Property type
Commercial real estate
APN
R-20-0235-0000-0020
APU
R20023500000020

Description

This Georgetown, Texas industrial property, located at 2100 Old Airport Rd, 78626, presents a compelling redevelopment opportunity. The 1,600 square foot, single-story manufacturing building sits on a 5.5-acre lot with all utilities on-site. Currently 100% occupied under a Net Net (NN) lease with a single tenant (Suburban Propane) until August 31, 2025, offering a remaining lease term of approximately 0.8 years. The property is zoned for industrial use and features a ground lease expiring on the same date as the building lease. The asking price is $5,500,000, translating to a price per square foot of $3,437.50. This Class C property offers significant potential for investors seeking a redevelopment project in a prime Georgetown location with convenient IH-35 access. The lease commenced August 1, 2020, and there are no rent bumps or lease options. This is a single-tenant, ground-leased property with a strong existing tenant. The property's location in Williamson County, Texas, provides excellent access to major transportation routes. This is an exceptional opportunity to acquire a well-located industrial property with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $460,259
    Hospitality
    $421,594
    Educational
    $350,762
    Medical
    $362,825
    Retail
    $545,629
2100 Old Airport Rd, Georgetown, Texas

Location Insight

City
Georgetown
County
Williamson
State
Texas
Latitude
30.6636
Longitude
-97.6696
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
2023
$19,098
$800,637
$261,448
$1,062,085
-
$800,637
$261,448
$1,062,085

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