Property profile

1030 Norwood Park Blvd Austin, TX 78753

FOR LEASE
Outlet malls
Property ID
US82-0340258
223,072 SF 31.27 ac lot Built 1994
Entity Owned 6-yr Hold Free & Clear
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1030 Norwood Park Blvd, Austin, TX 78753 For Lease
$5,500,000 4,200 SF available
1030 Norwood Park Blvd, Austin, TX 78753
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Property summary

AI-generated overview

This exceptional retail opportunity presents 5,700 square feet of vacant space within Norwood Plaza, located at 1030 Norwood Park Blvd, Austin, TX 78753, in Travis County. The property is classified as Commercial Shop space with multiple tenancy options. The entire 5,700 square feet is currently available for lease, offering significant flexibility for businesses seeking a prominent Austin location. Individual spaces can be leased with a minimum of 1,500 square feet, while the maximum contiguous space available is 4,200 square feet. This allows for adaptability to various business needs and expansion plans. The property's strategic location in Austin provides excellent visibility and accessibility, making it an ideal choice for retailers seeking a thriving market. The address is easily accessible and situated within a well-established commercial area. This presents a unique chance to establish or expand a business in a high-traffic location within a desirable Austin neighborhood. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy. Don't miss this chance to secure a prime retail space in Austin's dynamic market.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1994
Construction CONCRETE
Total area 223,072 SF
Lot 31.27 ac (1,362,208 SF)
APN 233180411
UPID US82-0340258

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Community Center
  • Nail Salon
  • Mobile Phone Store Electronics & Wireless Store
  • Hair Salon Nail Salon
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

1030 Norwood Park Blvd Austin, TX 78753
Austin metro Census 40300 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.50M

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2016
Price N/A
2006
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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