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    506 W 15Th St Austin, TX 78701

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    For Sale
    $3,634,800

    Office building with redevelopment potential in downtown Austin.

    Property size:
    3,728 SF
    Lot size:
    0.20 Acres

    Property Features for 506 W 15Th St

    General Information

    Size
    3,728 SF
    Lot size
    0.20 Acres

    Source: Tower Commercial Agent Chris Oddo

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

    Overview

    Downtown Austin Office Building

    This office building is located in downtown Austin and offers great visibility. The property has redevelopment potential and is suitable for a variety of professional uses. Potential business uses include law firms, architectural practices, marketing and advertising groups, insurance companies, lobbyists, and engineering firms. The property has a size of 3728 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Greening Law Firm, ... Attorney Longhorn Charter Bus ... Bus Charter Karuna Counseling Services Mental Health Service Towing Austin Pros Towing Service White Hawk Healing Massage Therapist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.7446008
    Latitude
    30.2787567

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    FAQs

    What type of property is this?
    Office building - Office building with redevelopment potential in downtown Austin.
    Where is this office building located?
    The property is located at 506 W 15Th St Austin, TX.
    What is the asking price?
    The asking price for this property is $3,634,800.
    What are key features of this property?
    This property features: - Great visibility in downtown Austin; - Redevelopment potential; - Perfect for law firm
    (512) 736-5933
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    506 W 15Th St Austin, TX 78701
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    Austin, TX 78701
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    Realmo Value Estimation

    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.

    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.

    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
    506 W 15Th St Austin, TX 78701
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