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    1200 Anderson Ln Austin, TX 78752

    For Sale
    Contact for pricing

    86,910 SF Office, Austin, TX

    Property size:
    86,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 86,910-square-foot executive office building at 1200 E Anderson Ln, Austin, TX 78752, presents a unique redevelopment opportunity. Built in 1982 and extensively renovated in 2011, this three-story building sits on a 3.67-acre lot and offers 337 parking spaces. The property boasts a LI-NP zoning permit. A significant investment of approximately $750,000 and 18 months has already been dedicated to design and permitting a high-quality, contemporary renovation by Mark Odom Studio. This fully approved and permitted renovation plan modernizes the exterior and landscaping, upgrading the lobby and bathrooms with Class A finishes. The project offers substantial cost and time savings for the new owner, reducing the typical improvement timeline by 12 to 18 months. Site plan approval was received in May 2023, and building permits were approved in June 2023. The redesigned property presents a value-oriented alternative to new construction, providing significant time savings. The building features robust power infrastructure, including four distribution panels ranging from 800 to 3,000 amps (MDP is 3,000), with 3-phase/4-wire 277/480-volt service. This is a turnkey opportunity to acquire a significantly upgraded asset in a prime Austin location.

    Property Features for 1200 Anderson Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    86,910 SF
    Lot Size
    159,865 SF

    Building Details

    Year Built/Renovated
    1982/2011
    Stories
    3

    HighLights

    • High‑capacity electrical service: 3‑phase, 4‑wire, 277/480‑volt power with four distribution panels (800‑3000 amps, main 3000 amps).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TX Higher Education ... Board Of Education College for All Texans ... Private College

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6899407
    Latitude
    30.3354966

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    FAQs

    What type of property is this?
    Office Property / Space - 86,910 SF Office, Austin, TX
    Where is this office property / space located?
    The property is located at 1200 Anderson Ln Austin, TX.
    What are key features of this property?
    This property features: High-capacity electrical service: 3-phase, 4-wire, 277/480-volt power with four distribution panels (800-3000 amps, main 3000 amps).; ;
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    Austin, TX 78752
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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
    1200 Anderson Ln Austin, TX 78752
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