Mixed-Use Redevelopment
For Sale
$875,000
920 Shady Ln, Austin, TX 78702
Existing residential structures and a workshop support interim use while commercial plans are evaluated.
Property Size2,774 SF
Price / SF$315.43
Days on Market57
Property Features for 920 Shady Ln
General Information
Standard status
Active
Size
2,774 SF
Building Details
Year Built
1937
Listing Agency:
Allure Real Estate
Listed By:
Monica Poss · License #0610559
(512) 775-0974
Source:
Martinhomelandmls
Added: Aug 15
Changed: Oct 7
Last Checked: Oct 7 at 1:49PM
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 Allure Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes a 4-bedroom main residence, a 2-bedroom rear unit, and a large workshop on a deep lot. Two utility hookups are already present, providing existing site infrastructure for the current improvements. The property dates to 1937 and offers a combination of residential structures and accessory workspace within an established urban setting.
Located at 920 Shady Ln in Austin’s Govalle neighborhood, the site is positioned near the Airport Boulevard Core Transit Corridor with access toward North Austin, South Austin, and Downtown Austin. Dan’s Hamburgers is directly across the street, while Hi Sign Brewing is located down the block. WalkScore is 83, BikeScore is 97, and TransitScore is 53, reflecting walkable surroundings, strong bicycle access, and available transit service.
Located at 920 Shady Ln in Austin’s Govalle neighborhood, the site is positioned near the Airport Boulevard Core Transit Corridor with access toward North Austin, South Austin, and Downtown Austin. Dan’s Hamburgers is directly across the street, while Hi Sign Brewing is located down the block. WalkScore is 83, BikeScore is 97, and TransitScore is 53, reflecting walkable surroundings, strong bicycle access, and available transit service.
Key Highlights
- Mixed‑use property at 920 Shady Ln, Austin, TX 78702
- 4‑bedroom main home and 2‑bedroom rear unit
- Large workshop and two existing utility hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,811
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,220
$936.2K
Cap Rate 7%
$668,729
$668.7K
Cap Rate 9%
$520,122
$520.1K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$83.2K $30.00/SF
− Vacancy
−$8.3K −$3.00/SF
EGI
$74.9K $27.00/SF
− OpEx
−$28.1K −$10.13/SF
NOI
$46.8K $16.88/SF
Area
Austin, TX
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,220
Cap Rate 7%
$668,729
Cap Rate 9%
$520,122
Alternative Uses
Best Use
Mixed Use
$668.7K
$585.1K – $780.2K
NOI $46,811 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$951.2K – $1.27M
NOI $76,093 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Explore this area
Business Placement
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing residential structures and a workshop support interim use while commercial plans are evaluated.
Where is this mixed-use property located?
The property is located at 920 Shady Ln Austin, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Mixed‑use property at 920 Shady Ln, Austin, TX 78702; 4‑bedroom main home and 2‑bedroom rear unit; Large workshop and two existing utility hookups
