Mixed-Use Property with Two
For Sale
$950,000
306 W Stassney Ln 1&2, Austin, TX 78745
GO-MU-NP zoning accommodates professional, medical, wellness, studio, and live/work concepts.
Property Size2,863 SF
Lot Size0.44 Acres
Price / SF$331.82
Days on Market59
Property Features for 306 W Stassney Ln 1&2
General Information
Standard status
Active
Size
2,863 SF
Lot size
0.44 Acres
Zoning
GO-MU-NP
Site & Location
Neighborhood
West Congress
Traffic Count
13,000 vehicles/day
Road Access
Yes
Fenced Yard
Yes
Additional Details
Land Use
commercial, residential
Amenities
storage buildings
fencing
landscaping
Building Details
Year Built
1946
Year Renovated
2022
Listing Agency:
Compass RE Texas, LLC
Listed By:
Harrison Carr · License #0707292
(512) 300-3622
Source:
Texasrealtygroup
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 30 at 4:21PM
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 Compass RE Texas, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate residential buildings updated in 2022, with current residential tenants in place. The improvements date to 1946 and are accompanied by multiple storage buildings, additional fencing, and landscaping completed after the property photos. The buildings may be converted to office use, supporting a range of commercial or residential concepts.
The property encompasses 0.44 acres at 306 W Stassney Ln 1&2 in Austin. Stassney frontage provides exposure to approximately 13,000 cars per day. Front parking and rear green areas are already in place, with the rear portion identified for additional parking or new dwelling development. GO-MU-NP zoning is suited to professional offices, medical and wellness uses, creative studios, and live/work concepts.
The property encompasses 0.44 acres at 306 W Stassney Ln 1&2 in Austin. Stassney frontage provides exposure to approximately 13,000 cars per day. Front parking and rear green areas are already in place, with the rear portion identified for additional parking or new dwelling development. GO-MU-NP zoning is suited to professional offices, medical and wellness uses, creative studios, and live/work concepts.
Key Highlights
- 0.44‑acre mixed‑use property at 306 W Stassney Ln 1&2, Austin, TX 78745
- Two separate residential buildings updated in 2022
- GO‑MU‑NP zoning for professional, medical, wellness, studio, and live/work concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,669
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,380
$953.4K
Cap Rate 7%
$680,986
$681.0K
Cap Rate 9%
$529,656
$529.7K
Market Conditions
NOI Build-Up for 2,863 SF
Gross rent
$85.9K $30.00/SF
− Vacancy
−$22.3K −$7.80/SF
EGI
$63.6K $22.20/SF
− OpEx
−$15.9K −$5.55/SF
NOI
$47.7K $16.65/SF
Area
ZIP 78745
Vacancy
26.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,380
Cap Rate 7%
$680,986
Cap Rate 9%
$529,656
Alternative Uses
Best Use
Office B
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 5.02%
Second Best
Mixed Use
$552.2K
$483.1K – $644.2K
NOI $38,651 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,776 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
13,000 VPD
Traffic count
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - GO-MU-NP zoning accommodates professional, medical, wellness, studio, and live/work concepts.
Where is this mixed-use property located?
The property is located at 306 W Stassney Ln 1&2 Austin, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 0.44‑acre mixed‑use property at 306 W Stassney Ln 1&2, Austin, TX 78745; Two separate residential buildings updated in 2022; GO‑MU‑NP zoning for professional, medical, wellness, studio, and live/work concepts
