Property profile

611 Carpenter Ave Austin, TX 78753

FOR LEASE
Office buildings
Property ID
US83-3141594
11,040 SF 0.52 ac lot Built 1985
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,300 square foot office space is ideally situated in Austin, Texas, at 611 Carpenter Ave #205, zip code 78753. The property, built in 1985, offers a single-tenant occupancy within a main building on the first floor. Its versatile layout is suitable for a variety of office uses, categorized as Traditional, Executive, and Creative Office space. The space boasts five well-appointed rooms and three bathrooms, providing ample space for a team or individual professional. The convenient north Lamar location ensures easy access for clients and employees. Ample parking is available on-site, eliminating parking concerns. The property is classified as both Retail and Office space, offering flexibility for businesses with diverse needs. This is a rare opportunity to secure a well-maintained, conveniently located office space in a thriving Austin neighborhood. The property's single-tenant occupancy provides privacy and control, while its versatile design caters to a range of business styles. This first-floor location offers easy accessibility and visibility. The combination of space, location, and amenities makes this an attractive option for businesses seeking a productive and comfortable work environment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 11,040 SF
Lot 0.52 ac (22,799 SF)
APN 239160221
UPID US83-3141594

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
  • Hotel & Motel Vacation Rental

Location

611 Carpenter Ave Austin, TX 78753
Austin metro Census 43100 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2019
Price N/A
2008
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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