Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    823 Congress Ave Austin, TX 78701

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office space available for rent with Capitol views.

    Property size:
    11,240 SF
    Lot size:
    0.51 Acres

    Property Features for 823 Congress Ave

    General Information

    Size
    11,240 SF
    Lot size
    0.51 Acres

    We can help!

    Listing Contact
    Mallory Lewis
    Mallory Lewis
    Source: Moodyscre

    Listing Agent: Mallory Lewis

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

    Learn more

    Property Insight Report

    Overview

    Office Space with Capitol Views

    This office space, totaling 11240 square feet, features a professional services buildout and includes a restroom within the space. Limited furniture is available. The property offers Capitol views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wholesale Beer Distributors ... Big Box & Wholesale Store Texas Mortgage Bankers ... Loan Service Garbo's On Congress Restaurant Childrens Hospital Association-Texas Association / Organization Athletes to Athletes Training Center

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Hair Salon Restaurant Nail Salon Building Supply Pharmacy Auto Repair Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.741444
    Latitude
    30.270585

    Nearby Similar for Lease

    • $6,500 /Mo
      18,604 SF

      East Austin Commercial Space Available

      Flexible commercial space with parking in vibrant East Austin.
      1901 E 12Th St, Austin, TX 78702
      View Details
    • $4,353 /Mo
      33,795 SF

      Furnished Clinic Space Available

      Ready-to-go clinic space in Anderson Mill Medical Center.
      12411 Hymeadow Dr, Austin, TX 78750
      View Details
    • $5,000 /Mo
      7,318 SF

      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
    • New
      Contact for pricing

      North MoPac

      Workspaces, services and support to help you work better in North MoPac
      7000 Mo Pac Expy, Austin, TX 78731
      View Details
    • Contact for pricing

      Arboretum Great Hills

      Discover many ways to work your way in Arboretum Great Hills
      9600 Great Hills Trl, Austin, TX 78759
      View Details
    • Sponsored
      Contact for pricing

      Aspen Lake One

      Flexible workspace in West Loop 200 S. Wacker
      13785 Research Blvd, Austin, TX 78750
      View Details
    • Contact for pricing

      River Place

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      6500 River Place Blvd, Austin, TX 78730
      View Details
    • Contact for pricing

      Rialto I

      Flexible workspace in Central Avenue
      7500 Rialto Blvd, Austin, TX 78735
      View Details
    • Contact for pricing

      Dobie Center

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      2021 Guadalupe St, Austin, TX 78705
      View Details
    • Sponsored
      Contact for pricing

      Chase Park

      Meet, work or collaborate in our professional Columbia Center business center
      7600 Chevy Chase Dr, Austin, TX 78752
      View Details
    • Contact for pricing

      Arboretum Plaza

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      9442 Plz 1, Austin, TX 78759
      View Details
    • Contact for pricing

      Lamar Central

      Meet, work or collaborate in our professional Columbia Center business center
      3800 Lamar Blvd, Austin, TX 78756
      View Details

    FAQs

    What type of property is this?
    Office space - Professional office space available for rent with Capitol views.
    Where is this office space located?
    The property is located at 823 Congress Ave Austin, TX.
    What are key features of this property?
    This property features: - Professional services buildout; - Enjoy capitol views; - Restroom in space
    (512) 225-2700 Call to check price and availability
    Request Owner's contact information
    823 Congress Ave Austin, TX 78701
    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.
    823 Congress Ave
    Austin, TX 78701
    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
    823 Congress Ave Austin, TX 78701
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mallory Lewis
    Mallory Lewis
    Real Estate License ID: SP200203394
    (512) 225-2700 (512) 532-1979
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!