Daycare Center with Wheelchair
1508 W Koenig Ln, Austin, TX 78756
For Sale
New
$595,000
The 1951-built property has two parking spaces and a large backyard that could accommodate additional parking.
Property Size1,173 SF
Days on Market2
Property Features for 1508 W Koenig Ln
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
ramp for wheelchairs
Building Details
Building Size
Year Built
Listing Agency:
Fox Realty
Listed By:
Renee Fox · License TX #0618703
(512) 375-8858
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:21PM
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 Fox Realty
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Investment Insights
Based on property information with market context.
Built in 1951, the property has been used as a preschool and daycare for six years. A wheelchair ramp provides accessible entry, and two parking spaces serve the site. The large backyard could accommodate more parking if needed.
The property is at 1508 W Koenig Ln in Austin. An average of 42,000 cars pass the site each day. Its Bike Score is 77, Walk Score is 66, and Transit Score is 56.
The property is at 1508 W Koenig Ln in Austin. An average of 42,000 cars pass the site each day. Its Bike Score is 77, Walk Score is 66, and Transit Score is 56.
Key Highlights
- Preschool and daycare use for the past 6 years
- Wheelchair ramp at the property
- Two existing parking spaces; backyard could accommodate more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,895
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,900
$477.9K
Cap Rate 7%
$341,357
$341.4K
Cap Rate 9%
$265,500
$265.5K
Market Conditions
NOI Build-Up for 1,173 SF
Gross rent
$42.1K $35.88/SF
− Vacancy
−$10.2K −$8.72/SF
EGI
$31.9K $27.16/SF
− OpEx
−$8.0K −$6.79/SF
NOI
$23.9K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,900
Cap Rate 7%
$341,357
Cap Rate 9%
$265,500
Alternative Uses
Best Use
Office B
$341.4K
$298.7K – $398.3K
NOI $23,895 @ 7.0% cap · market cap 4.02%
Second Best
Mixed Use
$282.8K
$247.4K – $329.9K
NOI $19,794 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$459.7K
$402.2K – $536.3K
NOI $32,176 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78756, TX
8,426
Population
4,943
Households
1.7
Avg Household Size
37
Median Age
71%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
4,956
Density / Sq Mi
$97,149
Median Household Income
$56,515
Median Earnings
$1,383
Median Rent
$788,600
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
- Saida's Little People — 5006 Crestmont Dr, Austin, TX 78756
- All Austin Co-op — 2301 Hancock Dr, Austin, TX 78756
- Trulove Montessori — 1406 W N Loop Blvd, Austin, TX 78756
- Extend-A-Care For Kids — 405 Denson Dr, Austin, TX 78752
- Yoga Peace School™ — 5806 Woodrow Ave, Austin, TX 78756
Frequently Asked Questions
What type of property is this?
Day care center - The 1951-built property has two parking spaces and a large backyard that could accommodate additional parking.
Where is this day care center located?
The property is located at 1508 W Koenig Ln Austin, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Preschool and daycare use for the past 6 years; Wheelchair ramp at the property; Two existing parking spaces; backyard could accommodate more
