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    Turnbull Loop Austin, TX 78717

    Sponsored
    For Lease
    Contact for pricing

    Austin, TX Mixed-Use Retail Opportunity

    Lot size:
    6,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    Lakeline Station offers exceptional retail space in Austin, Texas, within a vibrant mixed-use development. This Class A property, completed in 2024, features three available suites ranging from approximately 1,897 to 2,375 contiguous square feet, with a total of 6,410 square feet currently vacant. Two of the suites (A & B) boast significant outdoor patio space, Suite A offering approximately 1,500 square feet and Suite B approximately 750 square feet. Suite A is approximately 1,897 square feet, Suite B is approximately 2,375 square feet, and Suite C is approximately 2,138 square feet. Suites A and B are further enhanced by the inclusion of a grease trap and vent hood chase, ideal for food-related businesses. The property is located in Travis County, at the Turnbull Loop address, Austin, TX 78717. Convenient parking is provided with a storefront parking ratio of 5 spaces per 1,000 square feet, supplemented by additional parking in a nearby garage. The zoning designation is PUD-TOD-C-1. The commercial spaces are ready for immediate occupancy. Multifamily units within the development are scheduled for completion in the fourth quarter of 2024. This presents a unique opportunity to establish a presence in a thriving Austin neighborhood. Contact us to discuss lease rates and availability.

    Property Features for 0 Turnbull Loop

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,410 SF
    Class
    A

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    Suite C
    Size
    2,138 SF
    Space
    Suite A
    Size
    1,897 SF
    Space
    Suite B
    Size
    2,375 SF

    We can help!

    Listing Contact
    Robby Eaves
    Robby Eaves

    Learn more

    HighLights

    • Class A retail space totaling 6,410 SF available in a new (2024) Austin mixed‑use development.
    • Three suites available, ranging from 1,897 SF to 2,375 SF.
    • Two suites feature large outdoor patios (1,500 SF & 750 SF) and grease traps/vent hoods.
    • Located at Turnbull Loop, Austin, TX 78717, with ample parking (5/1000 SF ratio plus nearby garage).
    • PUD‑TOD‑C‑1 zoning; immediate occupancy.
    • Prime location: integrated with Lakeline MetroRail, near a new Apple campus and Texas Children's Hospital, and surrounded by high‑density multifamily housing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.787816
    Latitude
    30.48034

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    FAQs

    What type of property is this?
    Retail property - Austin, TX Mixed-Use Retail Opportunity
    Where is this retail property located?
    The property is located at Turnbull Loop Austin, TX.
    What are key features of this property?
    This property features: Class A retail space totaling 6,410 SF available in a new (2024) Austin mixed-use development.; Three suites available, ranging from 1,897 SF to 2,375 SF.; Two suites feature large outdoor patios (1,500 SF & 750 SF) and grease traps/vent hoods.
    Request Owner's contact information
    Turnbull Loop Austin, TX 78717
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    Austin, TX 78717
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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
    Turnbull Loop Austin, TX 78717
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    We can help!
    Listing Contact
    Robby Eaves
    Robby Eaves
    Real Estate License ID: TX 588199
    Learn more
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