Retail Space with LR
New
For Sale
Contact for pricing
1509 W North Loop Blvd, Austin, TX 78756
Vacant retail space for owner-user use with LR zoning, wood finishes, and stainless appliances.
Property Size1,424 SF
Lot Size0.16 Acres
Price / SF$490.87
Days on Market5
Property Features for 1509 W North Loop Blvd
General Information
Standard status
Active
Size
1,424 SF
Total Parking Spaces
12
Lot size
0.16 Acres
Property subtype
RETAIL
Zoning
LR
Amenities
Wood floors
crown molding
stainless steel appliances
butcher block countertops
living room built-ins
Building Details
Parking Ratio
8.25 per 1,000 SF
Owner Occupied
No
Listing Agency:
Asterra Properties
(936) 615-2662
Listed By:
Riley Perry · License #0437608
(936) 615-2662
Source:
Moodyscre
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 11:13PM
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.
This retail space is vacant and available for an owner user. Interior finishes include wood floors and crown molding, stainless steel appliances, butcher block countertops, and living room built-ins.
The property is approximately 1,424 SF on a .16-acre lot and includes 12 parking spots. It is zoned LR, supporting owner-user flexibility for an on-site business.
The combination of retail-ready interior features, established parking, and LR zoning makes the space a practical option for an owner user seeking a single location to operate and serve customers.
The property is approximately 1,424 SF on a .16-acre lot and includes 12 parking spots. It is zoned LR, supporting owner-user flexibility for an on-site business.
The combination of retail-ready interior features, established parking, and LR zoning makes the space a practical option for an owner user seeking a single location to operate and serve customers.
Key Highlights
- Vacant retail space available for owner user
- Zoned LR
- Approximately 1,424 SF
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
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 - Vacant retail space for owner-user use with LR zoning, wood finishes, and stainless appliances.
Where is this retail space located?
The property is located at 1509 W North 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: Vacant retail space available for owner user; Zoned LR; Approximately 1,424 SF
