Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Retail Building with Parking Title is generated by Realmo AI

    1138 Airport Blvd, Austin, TX 78702

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    L-shaped building with two large rooms, offices, and customer and truck trailer parking for flexible retail use.

    Type:RETAIL
    Property size:
    3,900 SF
    Lot size:
    0.36 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 5 at 2:22 am

    Property Features for 1138 Airport Blvd

    General Information

    Standard status
    Active
    Size
    3,900 SF
    Lot size
    0.36 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1138 Airport Blvd Contact us

    We can help!

    Listing Contact
    Joe Calliham

    Listing agent Joe Calliham

    Listing office Harrison-Pearson Associates, Inc.

    Listing date Jun 2, 2026

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Harrison-Pearson Associates, Inc.

    HighLights

    • Approximately 3,900 rentable SF in an L‑shaped, free‑standing masonry building with two large rooms, two offices, two restrooms, and two medium rooms
    • Two HVAC units provide heating and cooling
    • Land area totals approximately 15,750 SF (.3616 acre), with approximately 5,000 SF paved
    • Parking includes five customer spaces along Airport frontage, large vehicle/trailer parking to the south, and 10+ spaces at the rear
    • Utilities: electric, gas, and water available (to be contracted and paid by occupant)
    • Available August 1, 2026; rent is $8,125/month ($25.00 p.s.f. per annum) plus $2,170/month ($6.68 p.s.f. per annum) for tax and insurance

    Overview

    A freestanding, L-shaped masonry building offering approximately 3,900 rentable square feet. The interior is configured with two large rooms, two offices, two restrooms, and two medium size rooms. Heating and cooling are provided by two HVAC units. The property sits on an L-shaped land parcel of approximately 15,750 square feet, with about 5,000 square feet paved. Utilities include electric, gas, and water, to be contracted and paid by the occupant.

    Parking is built into the site layout, with five customer parking spaces along Airport frontage. Large vehicle or truck and trailer parking is available south of the building, and there are ten-plus parking spaces at the rear of the building, supporting both walk-in and vehicle-forward operations.

    The space is well suited for tenants seeking a standalone retail storefront with a mix of open areas for customer-facing use and private offices for back-office functions. With dedicated restrooms and independently served HVAC units, it can support a variety of service and retail concepts that need reliable on-site parking for customers and vehicles.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.6970133
    Latitude
    30.2699177

    Nearby Similar for Lease

    • $6,500/Mo

      East Austin Commercial Space Available

      Flexible commercial space with parking in vibrant East Austin.
      1901 E 12th ST, Austin, TX 78702
      View Details
    • $5,000/Mo

      Renovated Commercial Space with Yard

      Adaptable 2,342 SF commercial space with outdoor area in Austin.
      2008 E 12th ST, Austin, TX 78702
      View Details
    • $9,500/Mo
      3,000 SF

      Two-Story Office Building with Fenced Yard

      Two-story office building with fenced, landscaped grounds, multiple access gates, and flexible interior spaces for team use.
      640 Tillery St, Austin, TX 78702
      View Details
    • $24 SF/Yr
      1,790 SF

      Ground-Floor Medical-Professional Suite

      Ground-floor corner suite with private parking-lot entrance, floor-to-ceiling windows, and a mix of offices and collaboration space.
      8500 Shoal Creek Blvd 103, Austin, TX 78757
      View Details
    • $1,200/Mo
      301 SF

      Customizable Office Space with Amenities

      Private corner unit with water source, amenities, and lake views.
      4229 N FM 620 Rd 208, Austin, TX 78734
      View Details
    • $5,000/Mo
      3,200 SF

      Highway 290 Commercial Flex Space

      Versatile commercial space with excellent frontage and high traffic counts.
      9219 Highway 290 W, Austin, TX 78736
      View Details
    • $6,500/Mo
      3,200 SF

      Highway 290 Commercial Flex Space

      Versatile 3,200 SF space with high visibility and ample parking.
      9221 Highway 290 W, Austin, TX 78736
      View Details
    • $129-$5,536/Mo
      11-1,292 SF

      Arboretum Plaza

      9442 Plz 1, Unit 500, Austin, TX 78759
      View Details
    • Sponsored
      $129-$9,323/Mo
      11-1,292 SF

      TX, Austin- Westview

      316 12Th St, Unit 4TH, Austin, TX 78701
      View Details
    • $129-$7,442/Mo
      11-1,292 SF

      Spaces 111 Congress

      111 Congress Ave, Unit 500, Austin, TX 78701
      View Details
    • $129-$8,626/Mo
      11-1,292 SF

      Barton Springs

      901 Mo Pac Expy, Unit 1, Austin, TX 78746
      View Details
    • Sponsored
      $129-$6,706/Mo
      11-1,292 SF

      Aspen Lake One

      13785 Research Blvd, Unit 125, Austin, TX 78750
      View Details

    FAQs

    What type of property is this?
    Storefront property - L-shaped building with two large rooms, offices, and customer and truck trailer parking for flexible retail use.
    Where is this storefront property located?
    The property is located at 1138 Airport Blvd Austin, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Approximately 3,900 rentable SF in an L‑shaped, free‑standing masonry building with two large rooms, two offices, two restrooms, and two medium rooms; Two HVAC units provide heating and cooling; Land area totals approximately 15,750 SF (.3616 acre), with approximately 5,000 SF paved
    (512) 799-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Calliham
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1138 Airport Blvd, Austin, TX 78702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!