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    The Largest CRE Database in the US with Over 1 Million Listings

    8110 Us Highway 290 Austin, TX 78736

    Sponsored
    For Lease
    $12 SF/Yr

    Modern Austin Industrial Space for Lease

    Lot size:
    38,337 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    Walnut Creek Biz Park offers 38,337 square feet of prime industrial space for lease in Travis County, situated in a highly desirable Northeast Austin location on Highway 290. This multi-tenant property provides excellent access to major transportation arteries and surrounding businesses, making it ideal for storage, distribution, and logistics operations. Currently, the entire 38,337 square feet is vacant and available for lease. Flexible space options are available, ranging from a minimum of 1,650 square feet to a maximum contiguous space of 19,937 square feet, catering to a variety of business needs. Each space includes a standard bathroom and a small office area. The property boasts high ceilings and expansive floor areas, providing ample room for diverse operational requirements. The landlord offers in-house construction services and can manage all tenant finish-outs. The anticipated shell delivery date is November 2024. This property presents a unique opportunity to secure modern, functional industrial space in a strategic Austin location. Contact us today to learn more about leasing options and customize your ideal workspace within Walnut Creek Biz Park.

    Property Features for 8110 Us Highway 290

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,337 SF
    Total Rate
    38337

    Unit(s) available at that property

    Space
    Building 3
    Size
    19,937 SF
    Rate per SF
    $18
    Space
    Building 2
    Size
    18,400 SF
    Rate per SF
    $18

    We can help!

    Listing Contact
    Zach Roesinger
    Zach Roesinger

    Learn more

    HighLights

    • 38,337 SF industrial building available for lease in Travis County.
    • Multiple suites available, ranging from 1,650 SF to 19,937 SF contiguous.
    • Located in a prime NE Austin location on Highway 290, offering excellent access to major transportation routes.
    • High ceilings and large floor areas ideal for storage, distribution, and logistics.
    • Units include standard bathroom and small office space; landlord provides tenant finish‑out services.
    • Expected shell completion: November 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.9483898
    Latitude
    30.2520856

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    FAQs

    What type of property is this?
    Distribution property - Modern Austin Industrial Space for Lease
    Where is this distribution property located?
    The property is located at 8110 Us Highway 290 Austin, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 38,337 SF industrial building available for lease in Travis County.; Multiple suites available, ranging from 1,650 SF to 19,937 SF contiguous.; Located in a prime NE Austin location on Highway 290, offering excellent access to major transportation routes.
    Request Owner's contact information
    8110 Us Highway 290 Austin, TX 78736
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    Austin, TX 78736
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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
    8110 Us Highway 290 Austin, TX 78736
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    We can help!
    Listing Contact
    Zach Roesinger
    Zach Roesinger
    Real Estate License ID: 733765
    Learn more
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