North Austin Commercial
For Sale
Contact for pricing
5528 N Lamar Blvd, Austin, TX
Versatile commercial property in North Austin with high visibility.
Property Size7,114 SF
Lot Size0.77 Acres
Price / SF$379.53
Days on Market603
Property Features for 5528 N Lamar Blvd
General Information
Standard status
Active
Size
7,114 SF
Lot size
0.77 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 5528 N Lamar Blvd Contact us- Floor
- Bldg
- Size
- 7,114 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE
- Sublease
- Yes
5528 N Lamar Blvd
- Building size: 7,114 square feet
- Site area: 0.72 acres (31,319 square feet)
-...
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Listing Agency:
Kalil Commercial
(512) 717-4980
Listed By:
Steven Kalil, CCIM · License #568121
(713) 829-0545
Source:
Moodyscre
Added: Jan 15, 2025
Changed: Sep 6
Last Checked: Sep 10 at 7:07AM
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 Kalil Commercial
Investment Insights
Based on property information with market context.
Located in North Austin, this commercial property at 5528 N Lamar Blvd offers a 7,114-square-foot building on a 0.72-acre (31,319 square feet) site. Constructed in 1991, the property benefits from excellent visibility in a high-traffic area. The site has a history of automotive use and is currently partially occupied by Richard Lord's Boxing Gym. The property's adaptable design makes it suitable for a variety of creative uses, including retail, industrial, or office. The site boasts ample frontage on North Lamar, benefiting from high traffic counts and proximity to established neighborhoods, retail centers, and dining destinations.
Key Highlights
- Prime commercial property in the heart of North Austin.
- Excellent visibility in a high traffic area on N Lamar Blvd.
- Adaptable 7,114 sq ft building suitable for retail, industrial, or office use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,265
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,505,300
$2.5M
Cap Rate 7%
$1,789,500
$1.8M
Cap Rate 9%
$1,391,833
$1.4M
Market Conditions
NOI Build-Up for 7,114 SF
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.
Gross rent
$185.2K $26.04/SF
− Vacancy
−$6.3K −$0.89/SF
EGI
$179.0K $25.15/SF
− OpEx
−$53.7K −$7.55/SF
NOI
$125.3K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,505,300
Cap Rate 7%
$1,789,500
Cap Rate 9%
$1,391,833
Alternative Uses
Best Use
Retail
$1.79M
$1.57M – $2.09M
NOI $125,265 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$909.3K
$795.6K – $1.06M
NOI $63,651 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,142 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
150k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 35%
Apparel 8%
McDonald's
Dining
26,873 visits/mo
0.1 miles
Whataburger
Dining
22,134 visits/mo
0.5 miles
Half Price Books
Shops & Services
18,985 visits/mo
0.1 miles
P. Terry's Burger Stand
Dining
13,895 visits/mo
0.3 miles
Goodwill
Apparel
12,416 visits/mo
0.1 miles
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Versatile commercial property in North Austin with high visibility.
Where is this auto shop located?
The property is located at 5528 N Lamar Blvd Austin, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime commercial property in the heart of North Austin.; Excellent visibility in a high traffic area on N Lamar Blvd.; Adaptable 7,114 sq ft building suitable for retail, industrial, or office use.
