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    702 Shady Ln Austin, TX 78702

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    For Sale
    $5,100,000

    13,183 SF retail building in the heart of East Austin.

    Property size:
    13,183 SF
    Lot size:
    0.44 Acres

    Property Features for 702 Shady Ln

    General Information

    Size
    13,183 SF
    Lot size
    0.44 Acres

    Source: Aquila Commercial Agent Jason Faludi

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

    Overview

    East Austin Retail Building For Sale

    The property at 702 Shady Lane, Austin, TX, is a 13,183-square-foot retail building situated on 0.44 acres in the heart of East Austin. Substantially improved in 2021, the building accommodates Wanderlust Wine Co.’s self-pour wine concept and event space. It features flexible floor plans, updated systems, and a large outdoor patio. The property is currently under a 10-year absolute NNN lease with Wanderlust, which commenced in June 2021, and includes 2.5% annual rent escalations. A new roof (flat section) was installed in 2021, and the sloped roof is less than five years old and in good condition following a professional inspection. Three new 10-ton commercial HVAC units were added in 2021.
    Insight Report Location Intelligence

    Current Use by Public Records

    Trolley Pub Austin Sightseeing Tour Agency Wanderlust Wine Co. ... Winery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.6973852
    Latitude
    30.2541217

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    FAQs

    What type of property is this?
    Retail space - 13,183 SF retail building in the heart of East Austin.
    Where is this retail space located?
    The property is located at 702 Shady Ln Austin, TX.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: - Current 10-year absolute NNN lease with Wanderlust (commenced June 2021) provides stable, passive income.; - 2. 5% annual rent escalations ensure increasing returns on investment.; - Substantially improved in 2021, minimizing near-term capital expenditures.
    (512) 468-7247
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    Austin, TX 78702
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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
    702 Shady Ln Austin, TX 78702
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