Mixed-Use Property Near Burnet
For Sale
Contact for pricing
Pending
2413 Greenlawn Pkwy, Austin, TX 78757
Existing improvements offer adaptable commercial space for office, retail, medical, restaurant, daycare, or gym uses.
Property Size3,048 SF
Days on Market242
Property Features for 2413 Greenlawn Pkwy
General Information
Standard status
Pending
Size
3,048 SF
Class
C
Total Parking Spaces
14
Property subtype
Mixed Use, Office, Retail
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1964
Stories
1
Listing Agency:
CBRE - Austin
Listed By:
Logan Reichle · License #609717-SA
(512) 217-6401
Source:
Crexi
Added: Feb 17
Changed: Oct 10
Last Checked: Oct 16 at 8:14AM
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 CBRE - Austin
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Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 3,048 square feet of commercial space within improvements constructed in 1964. The configuration is positioned for a range of potential applications, including office, medical, retail, daycare, gym, and restaurant use, subject to applicable requirements.
Located just off Burnet Road, the property benefits from access to the retailers, restaurants, and entertainment venues along the corridor. Burnet Road provides north-south connectivity between The Domain and 45th Street, while Greenlawn Parkway links the area east-west toward MoPac Expressway. The combination of established improvements and access to a heavily traveled commercial corridor supports owner-user consideration across several business formats.
Located just off Burnet Road, the property benefits from access to the retailers, restaurants, and entertainment venues along the corridor. Burnet Road provides north-south connectivity between The Domain and 45th Street, while Greenlawn Parkway links the area east-west toward MoPac Expressway. The combination of established improvements and access to a heavily traveled commercial corridor supports owner-user consideration across several business formats.
Key Highlights
- Approximately 3,048 square feet of mixed‑use commercial space
- Improvements constructed in 1964
- Potential applications include office, medical, retail, daycare, gym, and restaurant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,090
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,800
$1.2M
Cap Rate 7%
$887,000
$887.0K
Cap Rate 9%
$689,889
$689.9K
Market Conditions
NOI Build-Up for 3,048 SF
Gross rent
$109.4K $35.88/SF
− Vacancy
−$26.6K −$8.72/SF
EGI
$82.8K $27.16/SF
− OpEx
−$20.7K −$6.79/SF
NOI
$62.1K $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%
$1,241,800
Cap Rate 7%
$887,000
Cap Rate 9%
$689,889
Alternative Uses
Best Use
Office B
$887.0K
$776.1K – $1.03M
NOI $62,090 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$766.7K
$670.9K – $894.5K
NOI $53,670 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,609 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
Explore this area
Business Placement
Demographics for 78757, TX
23,847
Population
11,930
Households
2
Avg Household Size
37
Median Age
68%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
4,769
Density / Sq Mi
$104,946
Median Household Income
$65,886
Median Earnings
$1,661
Median Rent
$629,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing improvements offer adaptable commercial space for office, retail, medical, restaurant, daycare, or gym uses.
Where is this mixed-use property located?
The property is located at 2413 Greenlawn Pkwy Austin, TX.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Approximately 3,048 square feet of mixed‑use commercial space; Improvements constructed in 1964; Potential applications include office, medical, retail, daycare, gym, and restaurant use
