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12732 Research Blvd, Austin, TX 78759
0.595 acres with improvements, great access and visibility.
Property Size6,160 SF
Lot Size0.60 Acres
Price / SF$519.48
Days on Market210
Property Features for 12732 Research Blvd
General Information
Standard status
Active
Size
6,160 SF
Lot size
0.60 Acres
Property subtype
Land, Retail
Building Details
Buildings
2
Listing Agency:
Development 2000
Listed By:
Rob Wendt · License #TX 311303
Source:
Crexi
Added: Jan 14
Changed: Aug 8
Last Checked: Aug 12 at 12:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Development 2000
Investment Insights
Based on property information with market context.
This commercial property features approximately 0.595 acres of land with approximately 6,680 square feet of improvements, according to the Appraisal District. The site currently hosts two active automotive businesses and includes a shared parking lot. The property benefits from high visibility and accessibility, with frontage on Research Boulevard (US 183) and Jollyville Road. Zoned GR (Community Commercial), the site presents potential for redevelopment. Driveways provide access from both Research Boulevard and Jollyville Road. Traffic counts indicate significant exposure, with Research Boulevard recording 160,069 vehicles per day and Jollyville Road recording 4,082 vehicles per day, according to CoStar.
Key Highlights
- High traffic location on Research Blvd (US 183) with 160,069 VPD
- Zoned GR (Community Commercial) offering redevelopment potential
- Approximately 0.595 Acres with approximately 6,680 SF of improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,169,340
$2.2M
Cap Rate 7%
$1,549,529
$1.5M
Cap Rate 9%
$1,205,189
$1.2M
Market Conditions
NOI Build-Up for 6,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$160.4K $26.04/SF
− Vacancy
−$5.5K −$0.89/SF
EGI
$155.0K $25.15/SF
− OpEx
−$46.5K −$7.55/SF
NOI
$108.5K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,169,340
Cap Rate 7%
$1,549,529
Cap Rate 9%
$1,205,189
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,467 @ 7.0% cap · market cap 3.39%
Second Best
Industrial
$787.4K
$689.0K – $918.6K
NOI $55,116 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$2.41M
$2.11M – $2.82M
NOI $168,973 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
137k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 33%
Shops & Services 19%
Superstores 12%
H-E-B
Groceries
48,637 visits/mo
0.4 miles
Big Lots
Superstores
16,586 visits/mo
0.2 miles
Krispy Kreme Doughnuts
Dining
13,313 visits/mo
0.3 miles
Jim's Restaurant
Dining
12,944 visits/mo
0.3 miles
Jack in the Box
Dining
10,690 visits/mo
0.2 miles
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
Market
Vacancy Rate% for Retail in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.595 acres with improvements, great access and visibility.
Where is this commercial land located?
The property is located at 12732 Research Blvd Austin, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: High traffic location on Research Blvd (US 183) with 160,069 VPD; Zoned GR (Community Commercial) offering redevelopment potential; Approximately 0.595 Acres with approximately 6,680 SF of improvements
