South Austin Development
For Sale
Contact for pricing
1430 Collier St, Austin, TX 78704
Potential multifamily mixed-use development in South Austin.
Property Size38,000 SF
Price / SF$315.79
Days on Market153
Property Features for 1430 Collier St
General Information
Standard status
Active
Size
38,000 SF
Property subtype
Multifamily, Office, Land
Zoning
GR-V-CO-DB90
Investment Type
Redevelopment
Building Details
Year Built
2009
Listing Agency:
Southwest Strategies Group Inc
Listed By:
Sophie Roth · License #TX
(512) 458-8153
Source:
Crexi
Added: May 20
Changed: Oct 1
Last Checked: Oct 16 at 6:28AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$599,355
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,987,100
$12.0M
Cap Rate 7%
$8,562,214
$8.6M
Cap Rate 9%
$6,659,500
$6.7M
Market Conditions
NOI Build-Up for 38,000 SF
Gross rent
$1.14M $30.00/SF
− Vacancy
−$340.9K −$8.97/SF
EGI
$799.1K $21.03/SF
− OpEx
−$199.8K −$5.26/SF
NOI
$599.4K $15.77/SF
Area
ZIP 78704
Vacancy
29.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,987,100
Cap Rate 7%
$8,562,214
Cap Rate 9%
$6,659,500
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Similar Off Market Nearby
- Animal Instinct-Pet Psychic — Austin, TX 78704
- Taylor Mike DVM — 2414 S Lamar Blvd # B, Austin, TX 78704
- Bluebonnet Animal Hospital — 2414 S Lamar Blvd # B, Austin, TX 78704
- Van Trease Buck DVM — 2414B S Lamar Blvd, Austin, TX 78704
- Smith Erin DVM — 2239 S Lamar Blvd, Austin, TX 78704
Frequently Asked Questions
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.
