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

    2120 Grand Avenue Pkwy Austin, TX 78728

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

    Modern Office/Warehouse Space Available in Austin

    Lot size:
    171,589 SF

    Property Features for 2120 Grand Avenue Pkwy

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    171,589 SF

    Building Details

    Year Built
    2008

    Spaces For Lease

    at 2120 Grand Avenue Pkwy, Austin, TX 78728 Contact us

    We can help!

    Listing Contact
    Kyle Mcculloch
    Kyle Mcculloch

    Listing Agency: JLL | Austin Listing Agent: Kyle Mcculloch

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

    Learn more

    Property Insight Report

    Overview

    Lincoln Vista II, a 2008-constructed property in Travis County, offers a unique blend of executive office and warehouse space. This multi-tenant building boasts a total of 171,589 square feet, with 42,411 square feet currently available for lease. The available space is ideal for businesses requiring both sophisticated office environments and ample warehouse capacity. The warehouse component features a substantial 30-foot ceiling height, providing significant vertical storage potential, and is equipped with seven loading docks for efficient freight handling. The property's strategic location in Travis County offers excellent access to major transportation arteries, ensuring seamless logistics and convenient commuting for employees. This is an exceptional opportunity for a company seeking a modern, well-maintained facility that seamlessly integrates office and warehouse operations. The building's design prioritizes functionality and efficiency, making it an attractive option for businesses seeking to optimize their operational workflow. The available 42,411 square feet presents a significant opportunity for expansion or consolidation, allowing businesses to tailor the space to their specific needs. Interested parties are encouraged to inquire for further details and leasing options. The property's modern design and ample space make it a highly desirable location for businesses seeking a prime location in a thriving market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Tile Marble ... Big Box & Wholesale Store FOTILE Electronics & Wireless Store Hilltop Stones & Interiors Building Supply First Choice Cabinetry ... Hardware & Home Improvement Keurig Dr Pepper Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply 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
    Travis
    State
    Texas
    Longitude
    -97.6709193
    Latitude
    30.4575375

    Nearby Similar for Lease

    • $6,500 /Mo
      18,604 SF

      East Austin Commercial Space Available

      Flexible commercial space with parking in vibrant East Austin.
      1901 E 12Th St, Austin, TX 78702
      View Details
    • $5,000 /Mo
      7,318 SF

      Renovated Commercial Space with Yard

      Adaptable 2,342 SF commercial space with outdoor area in Austin.
      2008 E 12Th St, Austin, TX 78702
      View Details
    • $24 SF/Yr

      North Austin Professional Office Suite

      Ground-floor suite with private entrance, modern design, and convenient parking.
      8500 Shoal Creek Blvd, Austin, TX 78757
      View Details
    • $7,900 /Mo

      Versatile Industrial Building For Lease

      Flexible industrial space with offices, showroom potential, and high visibility.
      15705 Long Vista Dr, Austin, TX 78728
      View Details
    • New
      Contact for pricing

      TX, Austin- Westview

      Workspaces, services and support to help you grow your business in TX, Austin- Westview
      316 12Th St, Austin, TX 78701
      View Details
    • New
      Contact for pricing

      Spaces 111 Congress

      Workspaces, services and support to help you grow your business in Spaces 111 Congress
      111 Congress Ave, Austin, TX 78701
      View Details
    • $5,000 /Mo

      Renovated Commercial Space with Yard

      Flexible, renovated commercial space with outdoor area in central location.
      2008 E 12Th St, Austin, TX 78702
      View Details
    • $1,750 /Mo

      North Austin Warehouse Space Available

      2,000 SF flex/industrial space in North Austin's La Frontera.
      16306 Terrace Dr, Austin, TX 78728
      View Details
    • $3,250 /Mo

      Reimagined Commercial Space in Austin

      Modern commercial space in a vibrant, walkable Austin neighborhood.
      3115 S 1St St, Austin, TX 78704
      View Details
    • $2.00 SF/Yr

      Furnished Office Space in Austin

      Plug and play office space in East Austin's creative heart.
      1101 E 6Th St, Austin, TX 78702
      View Details
    • $12,000 /Mo

      Historical Office Space in Austin

      Unique office space in historic Travis Heights with pool.
      203 Leland St, Austin, TX 78704
      View Details

    FAQs

    What type of property is this?
    Distribution center - Modern Office/Warehouse Space Available in Austin
    Where is this distribution center located?
    The property is located at 2120 Grand Avenue Pkwy Austin, TX.
    What are key features of this property?
    This property features: 171,589 SF Office/Industrial building in Travis County.; Multi-tenant property with Executive Office and Warehouse space.; 42,411 SF currently vacant.
    (512) 225-2713 Call to check price and availability
    Request Owner's contact information
    2120 Grand Avenue Pkwy Austin, TX 78728
    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.
    2120 Grand Avenue Pkwy
    Austin, TX 78728
    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
    2120 Grand Avenue Pkwy Austin, TX 78728
    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 Kyle Mcculloch
    Kyle Mcculloch
    Real Estate License ID: 637460
    (512) 225-2713 (512) 225-2700
    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!