For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office/Retail Building with Downtown Views Title is generated by Realmo AI

    2401 S I-35 Frontage Rd, Austin, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    12,313 SF building on 1.39 acres with I-35 frontage.

    Type:OFFICE
    Property size:
    12,313 SF
    Lot size:
    1.39 Acres
    Price / SF:
    $365/SF
    Added:
    Dec 26, 2024
    Days on Market:
    536
    Last Refresh:
    May 20 at 8:50 pm

    Property Features for 2401 S I-35 Frontage Rd

    General Information

    Standard status
    Active
    Size
    12,313 SF
    Lot size
    1.39 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Zach Roesinger
    Zach Roesinger

    Listing agent Zach Roesinger License #733765

    Listing office RESOLUT RE - Austin

    Listing date Dec 26, 2024

    Source Moodyscre

    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 RESOLUT RE - Austin

    HighLights

    • Downtown views and location overlooking downtown.
    • Large 12,313 square foot building on 1.39 acres.
    • 52 surface level parking spots.
    • I35 feeder road frontage with signage options.
    • Renovated in 2020‑2022 by Dick Clark architects.
    • Suitable for creative office, automotive retail, or EV showroom/sales center.

    Overview

    This 12,313 square foot building, situated on 1.39 acres, offers views of downtown. Located on the I-35 feeder road, just before the Oltorf intersection, the property has I-35 feeder road signage options per COA guidelines. There are 52 surface level parking spots available. Renovations were completed between 2020 and 2022 by Dick Clark architects. The property, formerly the Texas Restaurant Association building, is suitable for a creative office building or an automotive store with retail space. It also presents a covered land play opportunity. The property may be suitable for EV companies looking for a showroom and sales center. Please note that the property is an active business, and the current tenant should not be disturbed. Appointments must be scheduled with the listing broker.

    Local 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 $441.8k $35.88
    − Vacancy −$107.4k −$8.72
    EGI $334.4k $27.16
    − OpEx −$83.6k −$6.79
    NOI $250.8k $20.37
    12,313 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.58M
    $3.14M – $4.18M (±1% cap)
    NOI $250,827 @ 7.0% cap · market cap 5.57%
    Second Best
    Retail
    $3.10M
    $2.71M – $3.61M (±1% cap)
    NOI $216,810 @ 7.0% cap · market cap 4.82%
    Theoretical Best
    Office A
    $4.83M
    $4.22M – $5.63M (±1% cap)
    NOI $337,754 @ 7.0% cap · market cap 7.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.7474
    Latitude
    30.2228

    FAQs

    What type of property is this?
    Office building - 12,313 SF building on 1.39 acres with I-35 frontage.
    Where is this office building located?
    The property is located at 2401 S I-35 Frontage Rd Austin, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Downtown views and location overlooking downtown.; Large 12,313 square foot building on 1.39 acres.; 52 surface level parking spots.
    (512) 949-1418 Call to check price and availability
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message