Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5831 Berkman Dr Austin, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mixed-use project in North Austin, delivering mid 2024.

    Type:RETAIL
    Property size:
    3,450 SF
    Lot size:
    0.35 Acres
    Added:
    Apr 22, 2024
    Days on Market:
    737
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 5831 Berkman Dr

    General Information

    Standard status
    Active
    Size
    3,450 SF
    Lot size
    0.35 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5831 Berkman Dr Contact us

    We can help!

    Listing Contact
    Joey Mendez
    Joey Mendez

    Listing agent Joey Mendez License #637336

    Listing office RESOLUT RE - Austin

    Listing date Apr 22, 2024

    Source Moodyscre

    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 RESOLUT RE - Austin

    Overview

    Retail Space in Windsor Community

    This retail space is part of a mixed-use project designed to serve the Windsor community and surrounding neighborhoods. Anchored by Hanks, an Austin culinary establishment, the property is situated adjacent to the Mueller District in North Austin. The 3,450 square-foot space is suitable for restaurants, fitness centers, medical facilities, and various other retail uses. On-site parking is available for retail tenants and their customers. The property is expected to be delivered by mid 2024.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.6934
    Latitude
    30.3123

    Nearby Similar for Lease

    • $6,500/Mo

      East Austin Commercial Space Available

      Flexible commercial space with parking in vibrant East Austin.
      1901 E 12th ST, Austin, TX 78702
      View Details
    • $5,000/Mo

      Renovated Commercial Space with Yard

      Adaptable 2,342 SF commercial space with outdoor area in Austin.
      2008 E 12th ST, Austin, TX 78702
      View Details
    • $2,000/Mo

      East Austin Flexible Office Spaces

      Modern office spaces in East Austin with flexible lease terms.
      2422 7th St E, Austin, TX 78702
      View Details
    • $2,500/Mo

      Corner Office in North Austin

      ADA compliant office suite with ample parking and easy access.
      1508 Dessau Ridge Ln 601, Austin, TX 78754
      View Details
    • $6,500/Mo

      East Austin Commercial Space For Rent

      Flexible commercial space with high visibility and ample parking.
      1901 E 12th St, Austin, TX 78702
      View Details
    • $1,200/Mo

      Customizable Office Space with Amenities

      Private corner unit with water source, amenities, and lake views.
      4229 N FM 620 Rd 208, Austin, TX 78734
      View Details
    • $5,000/Mo

      Highway 290 Commercial Flex Space

      Versatile commercial space with excellent frontage and high traffic counts.
      9219 Highway 290 W, Austin, TX 78736
      View Details
    • $6,500/Mo

      Highway 290 Commercial Flex Space

      Versatile 3,200 SF space with high visibility and ample parking.
      9221 Highway 290 W, Austin, TX 78736
      View Details
    • $2,500/Mo

      East 6th Street Commercial Space

      Commercial office or retail space on East 6th Street.
      2401 E 6th St 2017, Austin, TX 78702
      View Details
    • $5,000/Mo

      Prime North Lamar Retail Opportunity

      High-visibility commercial space on North Lamar Boulevard in central Austin.
      3501 N Lamar Blvd, Austin, TX 78705
      View Details
    • $600/Mo

      Move-in Ready Private Office Suite

      238 sq. ft. office suite with shared amenities.
      4300 S Congress Ave 204, Austin, TX 78745
      View Details
    • $5,656/Mo

      New Southwest Austin Flex Space

      New flex industrial development in Southwest Austin for sale or lease.
      10020 Darden Hill Road, Unit 401, Austin, TX 78737
      View Details

    FAQs

    What type of property is this?
    Retail space - Mixed-use project in North Austin, delivering mid 2024.
    Where is this retail space located?
    The property is located at 5831 Berkman Dr Austin, TX.
    What are key features of this property?
    This property features: Anchored by **Hanks**, a well‑known Austin culinary establishment.; Located next to the popular Mueller District in North Austin.; Mixed‑use project suitable for a variety of retail businesses (restaurants, fitness, medical, etc.).
    (512) 474-5557 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joey Mendez
    Joey Mendez
    Real Estate License ID: 637336
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!