Two-Building Mixed-Use
For Sale
Contact for pricing
3213 Gonzales Street, Austin, TX 78702
Two separate structures sit in downtown Austin near established multifamily developments.
Property Size1,752 SF
Price / SF$2.85
Days on Market38
Property Features for 3213 Gonzales Street
General Information
Standard status
Active
Size
1,752 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Govalle
Building Details
Year Built
1945
Buildings
2
Listing Agency:
Keller Williams - Lake Travis
(512) 263-9090
Listed By:
Alice Duffy · License #0681288
(512) 784-2345
Source:
Hoydenhomes
Added: Sep 22
Changed: Oct 28
Last Checked: Oct 28 at 9:46AM
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 Keller Williams - Lake Travis
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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 downtown Austin property consists of two detached buildings with a combined reported size of 1,752 square feet. Constructed in 1945, the site’s configuration can accommodate a range of commercial concepts, including retail, office, personal care, food service, or beverage uses, subject to applicable zoning and permitting requirements.
The property is at 3213 Gonzales Street, with signage visible from E. 7th Street. Multiple large multifamily developments are nearby, providing a residential presence in the surrounding area.
The property is at 3213 Gonzales Street, with signage visible from E. 7th Street. Multiple large multifamily developments are nearby, providing a residential presence in the surrounding area.
Key Highlights
- Two detached buildings totaling 1,752 square feet
- Built in 1945
- Signage is visible from E. 7th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,565
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,300
$591.3K
Cap Rate 7%
$422,357
$422.4K
Cap Rate 9%
$328,500
$328.5K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$52.6K $30.00/SF
− Vacancy
−$5.3K −$3.00/SF
EGI
$47.3K $27.00/SF
− OpEx
−$17.7K −$10.13/SF
NOI
$29.6K $16.88/SF
Area
Austin, TX
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,300
Cap Rate 7%
$422,357
Cap Rate 9%
$328,500
Alternative Uses
Best Use
Retail
$440.7K
$385.6K – $514.2K
NOI $30,850 @ 7.0% cap · market cap 617.00%
Second Best
Mixed Use
$422.4K
$369.6K – $492.8K
NOI $29,565 @ 7.0% cap · market cap 591.30%
Theoretical Best
Office A
$686.6K
$600.7K – $801.0K
NOI $48,059 @ 7.0% cap · market cap 961.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 83%
Shops & Services 17%
H-E-B
Groceries
58,141 visits/mo
0.4 miles
AutoZone
Shops & Services
7,413 visits/mo
0.4 miles
Twin Liquors
Groceries
4,670 visits/mo
0.4 miles
Valero Energy
Shops & Services
3,303 visits/mo
0.4 miles
TitleMax Title Loans
Shops & Services
1,705 visits/mo
0.5 miles
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Austin, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate structures sit in downtown Austin near established multifamily developments.
Where is this mixed-use property located?
The property is located at 3213 Gonzales Street Austin, TX.
What are key features of this property?
This property features: Two detached buildings totaling 1,752 square feet; Built in 1945; Signage is visible from E. 7th Street
