Two-Building Office
New
For Sale
Contact for pricing
2211-2301 Lake Austin Blvd, Austin, TX 78703
The two lots carry GO-CO-NP and LR-NP zoning designations.
Property Size12,099 SF
Lot Size0.28 Acres
Price / SF$322.34
Days on Market4
Property Features for 2211-2301 Lake Austin Blvd
General Information
Standard status
Active
Size
12,099 SF
Lot size
0.28 Acres
Property subtype
OFFICE
Additional Details
Asking Price
$3,900,000
Listing Agency:
Moore Commercial Realty
Listed By:
Monica Moore · License #435990
(512) 431-6745
Source:
Moodyscre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:20PM
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 Moore Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office portfolio comprises properties at 2211 and 2301 Lake Austin Blvd. Each site is 0.14 acres; the respective buildings measure 6,059 SF and 6,040 SF. Lot 1 is zoned GO-CO-NP, while Lot 2 is zoned LR-NP.
The properties are described as near Lady Bird Lake, Deep Eddy, Pease Park, Zilker Park, Barton Creek, the TownLake hike-and-bike trail, and downtown Austin.
The properties are described as near Lady Bird Lake, Deep Eddy, Pease Park, Zilker Park, Barton Creek, the TownLake hike-and-bike trail, and downtown Austin.
Key Highlights
- Two office properties totaling 12,099 SF
- 2211 Lake Austin Blvd: 6,059 SF on 0.14 AC
- 2301 Lake Austin Blvd: 6,040 SF on 0.14 AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,467
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,929,340
$4.9M
Cap Rate 7%
$3,520,957
$3.5M
Cap Rate 9%
$2,738,522
$2.7M
Market Conditions
NOI Build-Up for 12,099 SF
Gross rent
$434.1K $35.88/SF
− Vacancy
−$105.5K −$8.72/SF
EGI
$328.6K $27.16/SF
− OpEx
−$82.2K −$6.79/SF
NOI
$246.5K $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%
$4,929,340
Cap Rate 7%
$3,520,957
Cap Rate 9%
$2,738,522
Alternative Uses
Best Use
Office B
$3.52M
$3.08M – $4.11M
NOI $246,467 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,884 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
Business Placement
Demographics for 78703, TX
22,194
Population
12,237
Households
1.8
Avg Household Size
38
Median Age
84%
College-Educated
99%
High-School Grad
5.6 sq mi
ZIP Area
3,963
Density / Sq Mi
$144,637
Median Household Income
$80,622
Median Earnings
$2,217
Median Rent
$1,353,500
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office building - The two lots carry GO-CO-NP and LR-NP zoning designations.
Where is this office building located?
The property is located at 2211-2301 Lake Austin Blvd Austin, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Two office properties totaling 12,099 SF; 2211 Lake Austin Blvd: 6,059 SF on 0.14 AC; 2301 Lake Austin Blvd: 6,040 SF on 0.14 AC
