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    11519 Menchaca Rd Austin, TX 78748

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    .38-Acre Car Lot - High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .38-acre commercial land parcel, located at 11517 and 11519 Menchaca Road in Austin, Texas (zip code 78748), presents a unique investment opportunity. Situated in Travis County, this property boasts high visibility and exposure due to its prime location on a busy arterial road. The lot is currently leased to a used car lot operator under a month-to-month (MTM) lease agreement. This provides immediate income potential for the new owner, with the flexibility to renegotiate terms upon lease expiration. The property's size and location make it ideal for a variety of commercial uses, beyond its current application. The address is easily accessible, offering excellent visibility for any business seeking high traffic exposure. The coordinates are 30.15266227027762 latitude and -97.83333826851533 longitude. This property is a rare find in a thriving Austin market, offering a blend of immediate income and long-term development potential. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is zoned for commercial use. The land is ready for immediate use or redevelopment, making it an attractive option for both short-term and long-term investors.

    Property Features for 11519 Menchaca Rd

    General Information

    Property type
    Land
    Lot Size
    16,553 SF

    HighLights

    • NNN lease with a used car dealership tenant.
    • Strong tenant history with a month‑to‑month lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.833338268515
    Latitude
    30.152662270278

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    FAQs

    What type of property is this?
    Land - .38-Acre Car Lot - High Visibility
    Where is this land located?
    The property is located at 11519 Menchaca Rd Austin, TX.
    What are key features of this property?
    This property features: NNN lease with a used car dealership tenant.; Strong tenant history with a month-to-month lease.;
    (512) 477-2221
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    11519 Menchaca Rd Austin, TX 78748
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    Austin, TX 78748
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    Realmo Value Estimation

    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.

    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.

    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
    11519 Menchaca Rd Austin, TX 78748
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