2303 W Parmer Ln Austin, TX 78727
Freestanding retail building on a highly visible corridor with 73 feet of frontage, signage, and 16+ parking spaces.
Property Features for 2303 W Parmer Ln
General Information
- Standard status
- Active
- Size
- 1,684 SF
- Lot size
- 0.30 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing office DLX Realty, LLC (512) 309-5145
Listing date Sep 24, 2025
Source Buttross
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Investment Insights
Based on property information with market context.
The site fronts Parmer Lane in a high-traffic corridor and is designed for easy customer access, with 16+ parking spaces on site. The combination of frontage, commuter exposure, and signage helps the building establish presence for daytime traffic.
For tenants or buyers seeking a ground-up retail or service location with convenient parking and straightforward visibility, this property fits well within the GC/MU use framework. Its freestanding configuration, signage improvements, and dedicated parking support both retail operations and professional/service concepts that benefit from prominent street-level exposure and accessible on-site parking.
Key Highlights
- Freestanding retail building with 1,684 SF of leasable space on Parmer Lane.
- 0.3048‑acre lot with 73 ft of frontage and a pylon sign for added visibility.
- Built in 1973 and zoned GC/MU.
Local Financial Insights For Retail
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 | $43.9k | $26.04 |
| − Vacancy | −$1.5k | −$0.89 |
| EGI | $42.4k | $25.15 |
| − OpEx | −$12.7k | −$7.55 |
| NOI | $29.7k | $17.61 |
