Retail Suites Available for
For Sale
Contact for pricing
701 Colorado St, Austin, TX
Two retail suites available, can be leased separately or together.
Property Size6,348 SF
Lot Size0.26 Acres
Price / SF$346.57
Days on Market297
Property Features for 701 Colorado St
General Information
Standard status
Active
Size
6,348 SF
Lot size
0.26 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 701 Colorado St Contact us- Floor
- 2
- Size
- 5,213 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Brown Building
- Renovated historic building
- Modern interior space offers adaptability for a wide...
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Contact us
Listing Agency:
Colliers - Austin
(512) 539-3000
Listed By:
Doug Rauls · License #462355
(512) 695-2314
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Sep 5
Last Checked: Sep 16 at 9:06PM
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 Colliers - Austin
Investment Insights
Based on property information with market context.
Two retail suites are available for lease, either together or separately. Suite 100 has a size of 5,523 square feet, while Suite 200 offers 6,438 square feet. Suite 100 was previously a bar and then an office, while Suite 200 was formerly a restaurant (Gumbo’s) before becoming an office space. The building has a grease trap available. Eight parking spots are available for use for the two retail suites. NNN is $11 per square foot.
Key Highlights
- Two retail suites available for lease, either together or separately.
- Suite 200 offers a substantial 6,438 sf of space.
- Suite 100 offers 5,523 sf of space.
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
$119,761
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
5.44%
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%
$2,395,220
$2.4M
Cap Rate 7%
$1,710,871
$1.7M
Cap Rate 9%
$1,330,678
$1.3M
Market Conditions
NOI Build-Up for 6,348 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
$165.3K $26.04/SF
− Vacancy
−$5.6K −$0.89/SF
EGI
$159.7K $25.15/SF
− OpEx
−$39.9K −$6.29/SF
NOI
$119.8K $18.87/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,395,220
Cap Rate 7%
$1,710,871
Cap Rate 9%
$1,330,678
Alternative Uses
Best Use
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $119,761 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$1.60M
$1.40M – $1.86M
NOI $111,777 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,130 @ 7.0% cap · market cap 7.92%
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
12,293
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 53%
Dining 45%
Shops & Services 1%
Austin Marriott Downtown
Hotels & Casinos
21,058 visits/mo
0.5 miles
Voodoo Doughnut
Dining
16,443 visits/mo
0.2 miles
P.F. Chang's
Dining
15,688 visits/mo
0.4 miles
Courtyard by Marriott Austin Downtown Convention Center
Hotels & Casinos
11,281 visits/mo
0.3 miles
Eddie V's Prime Seafood
Dining
8,305 visits/mo
0.3 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?
Retail space - Two retail suites available, can be leased separately or together.
Where is this retail space located?
The property is located at 701 Colorado St Austin, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Two retail suites available for lease, either together or separately.; Suite 200 offers a substantial **6,438 sf of space**.; Suite 100 offers **5,523 sf of space**.
