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

    702 Shady Ln Austin, TX 78702

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13,183 SF retail building in the heart of East Austin.

    Property size:
    13,183 SF
    Lot size:
    0.44 Acres

    Property Features for 702 Shady Ln

    General Information

    Size
    13,183 SF
    Lot size
    0.44 Acres

    We can help!

    Listing Contact
    Jason Faludi
    Jason Faludi
    Source: Moodyscre

    Listing Agency: Aquila Commercial Listing Agent: Jason Faludi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    East Austin Retail Building For Sale

    The property at 702 Shady Lane, Austin, TX, is a 13,183-square-foot retail building situated on 0.44 acres in the heart of East Austin. Substantially improved in 2021, the building accommodates Wanderlust Wine Co.’s self-pour wine concept and event space. It features flexible floor plans, updated systems, and a large outdoor patio. The property is currently under a 10-year absolute NNN lease with Wanderlust, which commenced in June 2021, and includes 2.5% annual rent escalations. A new roof (flat section) was installed in 2021, and the sloped roof is less than five years old and in good condition following a professional inspection. Three new 10-ton commercial HVAC units were added in 2021.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trolley Pub Austin Travel Agency Wanderlust Wine Co. ... Brewery & Distillery

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -97.6973852
    Latitude
    30.2541217

    Nearby Similar for Sale

    • $380,000
      0.25 Acres

      Land For Sale, Austin, TX

      Land available for sale in Austin, Texas.
      5606-1/2 Joe Sayers Ave, Austin, TX 78756
      View Details
    • $720,000

      Lake Creek Office Park Investment

      Prime office space in Northwest Austin with long-term tenants.
      13740 Research Blvd, Austin, TX 78750
      View Details
    • $179,000
      379 SF

      Mixed-Use Commercial Condo in Austin

      All-inclusive commercial condo with utilities, amenities, and lake views.
      4229 222, Austin, TX 78732
      View Details
    • $135,000
      306 SF

      Austin Mixed-Use Commercial Condo

      Mixed-use commercial condo in West Austin with inclusive HOA.
      4229 324, Austin, TX 78732
      View Details
    • Contact for pricing
      5,034 SF

      9811 Austin Tx 78744 BLDG 1

      9811 S. IH35, Building #1, Austin, TX 78744
      9811 Austin Tx 78744 BLDG 1, Austin, TX 78744
      View Details
    • $689,000

      East Austin Live/Work Storefront

      Two-level loft in vibrant East Austin with business potential.
      1601 E Cesar Chavez St, Austin, TX 78702
      View Details
    • $495,000

      East Austin Retail Space For Sale

      Retail space on high-traffic street, endless possibilities for business.
      1601 E Cesar Chavez St, Austin, TX 78702
      View Details
    • $595,000

      Versatile South Lamar Live-Work Condo

      Commercially zoned condo in vibrant South Lamar neighborhood.
      2525 S Lamar Blvd, Austin, TX 78704
      View Details
    • $1,890,720
      3,636 SF

      Creative Office Building For Sale

      Unique two-story commercial building in South Austin, perfect for creative use.
      2210 Western Trails Blvd, Austin, TX 78745
      View Details
    • $699,000

      Medical Office Building Units

      Three contiguous ground floor medical office units for sale.
      13740 4Th St, Austin, TX 78750
      View Details
    • $999,000

      Prime Retail Building on Parmer

      Freestanding retail building with high visibility and ample parking.
      2303 W Parmer Ln, Austin, TX 78727
      View Details
    • $900,000

      Medical Condo Near St. David's

      Medical condo near St. David's Hospital, available September 2025.
      4207 James Casey St, Austin, TX 78745
      View Details

    FAQs

    What type of property is this?
    Retail space - 13,183 SF retail building in the heart of East Austin.
    Where is this retail space located?
    The property is located at 702 Shady Ln Austin, TX.
    What are key features of this property?
    This property features: - Current 10-year absolute NNN lease with Wanderlust (commenced June 2021) provides stable, passive income.; - 2. 5% annual rent escalations ensure increasing returns on investment.; - Substantially improved in 2021, minimizing near-term capital expenditures.
    (512) 468-7247 Call to check price and availability
    Request Owner's contact information
    702 Shady Ln Austin, TX 78702
    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.
    702 Shady Ln
    Austin, TX 78702
    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
    702 Shady Ln Austin, TX 78702
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Faludi
    Jason Faludi
    (512) 468-7247 (512) 684-3800 (512) 684-3805
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!