Retail Building with Ample
For Sale
Contact for pricing
1509 W N Loop Blvd, Austin, TX 78756
Retail building suited for an owner user with ample parking and strong visibility near a major Austin corridor.
Property Size1,424 SF
Price / SF$490.87
Days on Market52
Property Features for 1509 W N Loop Blvd
General Information
Standard status
Active
Size
1,424 SF
Property subtype
Retail
Building Details
Year Built
1962
Listing Agency:
Asterra Properties
(512) 825-6287
Listed By:
Riley Perry · License #806338
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 1:10PM
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 Asterra Properties
Investment Insights
Based on property information with market context.
1509 North Loop is a retail building offered for sale with ample on-site parking and visibility from North Loop. The property presents a flexible owner-user setup, designed to accommodate 1 or 2 occupants, making it practical for a small retail or service operator seeking their own space. The building totals 1,424 square feet.
The property is located on North Loop Boulevard, just off Burnet Road, supporting straightforward access for local customers and deliveries. Its frontage on North Loop is positioned to give consistent exposure to passing traffic in the immediate area.
This is a good fit for an owner user looking to combine business operations with the stability of owning real estate. The listing is a cash buyer only transaction, and the layout is oriented toward single- or dual-occupant use rather than a larger multi-tenant retail configuration. If you’re evaluating a compact retail footprint with parking and visibility, this property should be on your short list.
The property is located on North Loop Boulevard, just off Burnet Road, supporting straightforward access for local customers and deliveries. Its frontage on North Loop is positioned to give consistent exposure to passing traffic in the immediate area.
This is a good fit for an owner user looking to combine business operations with the stability of owning real estate. The listing is a cash buyer only transaction, and the layout is oriented toward single- or dual-occupant use rather than a larger multi-tenant retail configuration. If you’re evaluating a compact retail footprint with parking and visibility, this property should be on your short list.
Key Highlights
- Retail building built in 1962
- Ample parking available on‑site
- Located on North Loop just off Burnet Road
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 | $51.1k | $35.88 |
| − Vacancy | −$12.4k | −$8.72 |
| EGI | $38.7k | $27.16 |
| − OpEx | −$9.7k | −$6.79 |
| NOI | $29.0k | $20.37 |
1,424 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$414.4K
$362.6K – $483.5K
NOI $29,008 @ 7.0% cap · market cap 4.15%
Second Best
Retail
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$558.0K
$488.3K – $651.0K
NOI $39,061 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
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
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building suited for an owner user with ample parking and strong visibility near a major Austin corridor.
Where is this retail space located?
The property is located at 1509 W N Loop Blvd Austin, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Retail building built in 1962; Ample parking available on‑site; Located on North Loop just off Burnet Road
