South Austin Development
1430 Collier St Austin, TX 78704
1430 Collier St, Austin, TX, 78704
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For Sale
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Potential multifamily mixed-use development in South Austin.
Property Size38,000 SF
Price / SF$315.79
Days on Market59
Property Features for 1430 Collier St
General Information
- Standard status
- Active
- Size
- 38,000 SF
- Property subtype
- Multifamily, Office, Land
Building Details
- Year Built
- 2009
Listing Agency
Southwest Strategies Group Inc
Listed by
Sophie Roth · License #TX
Source
Crexi
Added: May 20 Checked: Jul 16 at 3:30 am
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 Southwest Strategies Group Inc
Investment Insights
Based on property information with market context.
The property is currently used as a Class 3 medical office facility with no active leases, suitable for an owner/user. Based on the new SB 0840 ordinance, a proposed potential multifamily mixed-use development has excellent potential. Investors may also consider the office for a medical group or similar tenants. This property is ideally located in south Austin and has a lot of different potential development opportunities. The property size is 38000 square feet.
Key Highlights
- Potential for multifamily mixed‑use development due to SB 0840 ordinance.
- Current Class 3 Office suitable for owner/user or medical group.
- Located in desirable south Austin.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.14M | $30.00 |
| − Vacancy | −$340.9k | −$8.97 |
| EGI | $799.1k | $21.03 |
| − OpEx | −$199.8k | −$5.26 |
| NOI | $599.4k | $15.77 |
38,000 SF · lease $30.00/SF/yr · vacancy 29.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.56M
$7.49M – $9.99M
NOI $599,355 @ 7.0% cap · market cap 4.99%
Second Best
Healthcare Medical
$7.91M
$6.92M – $9.23M
NOI $553,766 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$15.85M
$13.87M – $18.49M
NOI $1,109,218 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Integral Care Administration ...
Medical Clinic
Dr. Russell Bach
Physician
Austin Air Vent ...
Social Service Agency
Elizabeth Pettersson
Marriage Or Relationship Counselor
Leelavathy Reddy
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Bluebonnet Animal Hospital — 2414 S Lamar Blvd # B, Austin, TX 78704
- Smith Erin DVM — 2239 S Lamar Blvd, Austin, TX 78704
- Van Trease Buck DVM — 2414B S Lamar Blvd, Austin, TX 78704
- Animal Instinct-Pet Psychic — Austin, TX 78704
- Taylor Mike DVM — 2414 S Lamar Blvd # B, Austin, TX 78704
FAQs
What type of property is this?
Medical Office Space - Potential multifamily mixed-use development in South Austin.
Where is this medical office space located?
The property is located at 1430 Collier St Austin, TX.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Potential for multifamily mixed‑use development due to SB 0840 ordinance.; Current Class 3 Office suitable for owner/user or medical group.; Located in desirable south Austin.
