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    1122 Colorado St Austin, TX 78701

    Sponsored
    For Lease
    $75 SF/Yr

    Prime Austin location, flexible suites available.

    Lot size:
    151,294 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    Westgate Tower, located at 1122 Colorado St, Austin, TX 78701, offers exceptional office space in the heart of Austin's Central Business District (CBD). This 26-story high-rise building, constructed in 1965, boasts a total of 151,294 square feet of office space, perfect for businesses of various sizes. The building is zoned for CBD use and features both traditional and executive office suites, with a minimum divisible space of 94 square feet and a maximum contiguous space of 234 square feet. Currently, six spaces are available. The building's Class C designation reflects its established character and competitive pricing. Its prime location offers unparalleled convenience, situated directly across from the Texas State Capitol's west gate. This proximity provides easy access to government agencies, courts, and related entities. Furthermore, the building enjoys a walkable location to a diverse range of amenities, including restaurants, shops, libraries, the University of Texas campus, Dell Medical School, and Austin's vibrant entertainment district. This makes Westgate Tower an ideal location for attorneys, lobbyists, associations, and other organizations seeking a central and accessible location in Austin's dynamic urban core. The building consists of one building with multiple tenants.

    Property Features for 1122 Colorado St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    151,294 SF
    Class
    C
    Total Rate
    956178.08

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    26

    Unit(s) available at that property

    Space
    Suite 103B
    Size
    155 SF
    Rate per SF
    $85
    Space
    Suite 104A
    Size
    133 SF
    Rate per SF
    $81
    Space
    Suite 104B
    Size
    100 SF
    Rate per SF
    $90
    Space
    Suite 102A
    Size
    94 SF
    Rate per SF
    $89
    Space
    Suite 103D
    Size
    153 SF
    Rate per SF
    $78
    Space
    Suite 103A
    Size
    174 SF
    Rate per SF
    $75

    HighLights

    • Stunning rooftop pool and terrace with city views.
    • State‑of‑the‑art fitness center.
    • 24/7 concierge service.
    • Secure garage parking (additional monthly fee applies).
    • Convenient valet parking.
    • On‑site dry cleaning services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Johnson & Johnson Attorney Johnson Gordon R Attorney Niemann & Heyer Attorney Cullinane Law Group Law Firm Stan Schlueter Pc Attorney

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Clothing Store Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7428798
    Latitude
    30.2741074

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Austin location, flexible suites available.
    Where is this office property / space located?
    The property is located at 1122 Colorado St Austin, TX.
    What is the lease rate?
    The lease rate is $75-$90 SF/Yr.
    What are key features of this property?
    This property features: Stunning rooftop pool and terrace with city views.; State-of-the-art fitness center.; 24/7 concierge service.
    Request Owner's contact information
    1122 Colorado St Austin, TX 78701
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    Austin, TX 78701
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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
    1122 Colorado St Austin, TX 78701
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