710 Red River St, Austin, TX 78701

Building Details

Building Size 4,582 SF More

Year Built 1937 More

Buildings 1 More

Stories 2 More

Listing Agency: McAllister & Associates Show Phone

Listed By: Daniel Tristan · License TX #0493152 Show Phone

Source: Clearblueproperties

Added: Feb 5 Changed: Nov 7 Last Checked: Nov 8 at 2:14PM

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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 McAllister & Associates

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Investment Insights

Based on property information with market context.

The 4,582-square-foot building dates to 1937 and occupies an end-of-block position with alley access. It is located in the Red River Cultural District, an area with music venues, bars, and restaurants and substantial evening pedestrian activity.

DMU - Downtown Mixed Use zoning allows a 5:1 FAR and approximately 17,250 square feet of potential building area, subject to Capital View Corridor restrictions.

Key Highlights

• 4,582‑square‑foot building constructed in 1937
• DMU - Downtown Mixed Use zoning
• 5:1 FAR and approximately 17,250 square feet of potential building area, subject to Capital View Corridor restrictions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,444

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,728,880 $1.7M

Cap Rate 7%

$1,234,914 $1.2M

Cap Rate 9%

$960,489 $960.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,582 SF

Gross rent

$119.3K $26.04/SF

− Vacancy

−$4.1K −$0.89/SF

EGI

$115.3K $25.15/SF

− OpEx

−$28.8K −$6.29/SF

NOI

$86.4K $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 Rate 5%

$1,728,880

Cap Rate 7%

$1,234,914

Cap Rate 9%

$960,489

Alternative Uses

Best Use

Specialty Retail

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,444 @ 7.0% cap · market cap 4.56%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.80M

$1.57M – $2.09M (±1% cap)

NOI $125,687 @ 7.0% cap · market cap 6.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Valhala Business Management Consultant Valhalla Bar & Pub Marinara Miracles Restaurant

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Mobile Phone Store Fish Market Farmer's Market

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

Location Intelligence

Trade Area within ½ mile

10,633

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78701, TX

11,625

Population

8,021

Households

1.4

Avg Household Size

38

Median Age

81%

College-Educated

96%

High-School Grad

1.5 sq mi

ZIP Area

7,750

Density / Sq Mi

$154,867

Median Household Income

$106,932

Median Earnings

$2,732

Median Rent

$653,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Night club - DMU zoning allows mixed-use development, subject to applicable restrictions.

Where is this night club located?

The property is located at 710 Red River St Austin, TX.

What is the asking price?

The asking price for this property is $1,895,000.

What are key features of this property?

This property features: 4,582‑square‑foot building constructed in 1937; DMU - Downtown Mixed Use zoning; 5:1 FAR and approximately 17,250 square feet of potential building area, subject to Capital View Corridor restrictions