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    2222 Western Trails Blvd Austin, TX 78745

    Sponsored
    For Lease
    $28 SF/Yr

    Prime Austin location, flexible suites available

    Lot size:
    20,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This Austin office building, located at 2222 Western Trails Blvd, offers 20,222 square feet of versatile space, ideal for executive, medical, or creative office uses. The single, three-story building, constructed in 1973 and renovated in 2012, sits on a 1.09-acre lot (47,480 sq ft) and features a Class B rating. Available space ranges from 1,464 to 4,812 contiguous square feet, with a total of 4,812 square feet currently vacant. The building boasts 9-foot ceilings, one freight and passenger elevator, and ample parking with 65 spaces, including 3 handicap-accessible spots. Conveniently located in the Western Trails Neighborhood (South Lamar, Ben White, Western Trails submarket cluster), this property offers easy access to major roadways including Lamar, Mopac, Ben White, Congress, 1st Street, and I-35. Nearby amenities include Central Market, Amy's Ice Cream, Azul, Target, Randalls, and Taco Cabana. The building features a security system and 24/7 access. Suite 300 is fully built-out and move-in ready, including 10 private offices, open workspaces, a conference room, break room, reception area, and storage. City of Austin utilities are provided. Zoned for Light Commercial-Opportunity Zone (APN: 04081110060000). A bus stop is located directly at the building, and outdoor picnic tables are available for employee use.

    Property Features for 2222 Western Trails Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,222 SF
    Class
    B
    Total Rate
    47184.67

    Building Details

    Year Built/Renovated
    1973/2012
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 300
    Size
    4,812 SF
    Rate per SF
    $28

    We can help!

    Listing Contact
    Rudi Rosengarten

    Learn more

    Property Insight Report

    HighLights

    • Three‑story office building with high‑traffic visibility near Central Market, Cavender's, and Arby's.
    • Strong tenant mix including therapists, architects, CPAs, and other professionals.
    • Security cameras enhance building and parking lot safety.
    • Convenient location with on‑site bus stop.
    • Amenity‑rich area with nearby Joslin Park, offering high walkability and bikeability.
    • Excellent location at the intersection of Ben White and S. Lamar.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bridge Bob Bridge Spring Architects Inc Architect Perfect for Home Home Goods Store Blue Scilla CranioSacral Craniosacral Therapy CFO by Design Association Or Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.79331741
    Latitude
    30.23033922

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    FAQs

    What type of property is this?
    Office space - Prime Austin location, flexible suites available
    Where is this office space located?
    The property is located at 2222 Western Trails Blvd Austin, TX.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Three-story office building with high-traffic visibility near Central Market, Cavender's, and Arby's.; Strong tenant mix including therapists, architects, CPAs, and other professionals.; Security cameras enhance building and parking lot safety.
    Request Owner's contact information
    2222 Western Trails Blvd Austin, TX 78745
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    Austin, TX 78745
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    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
    2222 Western Trails Blvd Austin, TX 78745
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    We can help!
    Listing Contact
    Rudi Rosengarten
    Real Estate License ID: TX 585127
    Learn more
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