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Four-Story Office Building with Suite Sublease
For Lease
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4009 Banister Lane, Austin, TX 78704

Suite 200 offers 730 SF with a lease term through October 31, 2028.

Property Size930 SF
Days on Market171

Property Features for 4009 Banister Lane

General Information

Standard status Active
Size 930 SF
Net Rentable 730 SF
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Available Space 730 SF
Contiguous Space 730 SF
Floor 2
Space Use Office
Sublease Yes

Additional Details

Highway Access Yes

Building Details

Stories 4
Building Size 42,000 SF
Parking Ratio 3.25 per 1,000 SF
Listing Agency: Asterra Properties
Listed By: Emmett Sweeney · License #437479
Source: Moodyscre
Added: Feb 10 Changed: Jul 30 Last Checked: Jul 30 at 3:51PM

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 Asterra Properties

Investment Insights

Based on property information with market context.

Park Place II is a recently renovated, four-story office building totaling approximately 42,000 SF. The property is set up in a campus-style configuration with mature, tree-filled landscaping and ample surface parking.

Suite 200 is available as a sublease opportunity with a term extending through October 31, 2028. The 730 SF space is suitable for a variety of office users looking for a centrally located presence in the South Austin submarket.

Convenient access to Highway 71, South Lamar, South Congress, MoPac, and IH-35 supports easy commutes throughout Austin. Upper floors offer views toward Downtown Austin.

Key Highlights

  • Recently renovated four‑story office building totaling approximately 42,000 SF
  • Campus‑style setting with mature, tree‑filled landscaping
  • Suite 200 sublease: 730 SF with term through October 31, 2028

Property Analytics

Current Use

Edison Electricians of Austin Electrical Service Therapy Austin Counseling ... Counselor The Texas Insurance Broker Insurance Agency Mind Body Wellness ... Marriage Or Relationship Counselor Merval Construction Company ... General Contractor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Kitchen & Bath Showroom Bakery Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,040
Businesses Nearby

Demographics for 78704, TX

49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value

Market

Lease Benchmarks for Austin, TX

$30.45 /SF/Yr
Avg Asking Price
$21–$47 /SF/Yr
Price Range
38,644 SF
Avg Space Size

This space is priced 44% below the average of $30.45 /SF/Yr.

Vacancy Rate% for Office in Austin, TX

9.1% 2019
17.1% 2020
18.7% 2021
21.8% 2022
27.1% 2023
29.8% 2024
29% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Suite 200 offers 730 SF with a lease term through October 31, 2028.
Where is this office building located?
The property is located at 4009 Banister Lane Austin, TX.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Recently renovated four‑story office building totaling approximately 42,000 SF; Campus‑style setting with mature, tree‑filled landscaping; Suite 200 sublease: 730 SF with term through October 31, 2028
(512) 954-4497 Call to check price and availability
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