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    1806 Stassney Ln Austin, TX 78745

    Sponsored
    For Lease
    $15 SF/Yr ($11,148 /Mo)

    Austin Office Space: 643-2170 SF

    Lot size:
    8,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional Austin office space, located at 1806 W Stassney Ln, 78745, offers 4,983 square feet of immediately available space within an 8,919 square foot Class B office park. The property boasts excellent visibility with frontage on West Stassney Lane, providing high traffic exposure. Its strategic location is adjacent to Austin Community College – South Austin Campus and across from Crockett High School, ensuring a strong daytime population and potential customer base. The building offers multiple tenancy options, with spaces ranging from a minimum of 643 square feet to a maximum contiguous space of 2,170 square feet. Ample parking is available, with a generous ratio of 3.3 spaces per 1,000 square feet. The property is zoned LO. High traffic counts are a key feature, with West Stassney Lane averaging 7,538 vehicles per day and Menchaca Road averaging 13,196 vehicles per day (TXDOT 2020 data). The surrounding area demonstrates strong demographics, with a 2022 population of 22,901 within one mile, 126,799 within three miles, and 311,357 within five miles. Average incomes within these radii are also impressive, ranging from $71,237 to $105,281. The daytime population is equally robust, with 17,583 within one mile, 115,960 within three miles, and 319,484 within five miles. This presents a unique opportunity for businesses seeking a high-profile location in a thriving Austin neighborhood.

    Property Features for 1806 Stassney Ln

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,919 SF
    Class
    B
    Total Rate
    11148.75

    Unit(s) available at that property

    Space
    Suite 101
    Size
    643 SF
    Rate per SF
    $18
    Space
    Suite 106
    Size
    2,107 SF
    Rate per SF
    $15

    HighLights

    • 4,983 SF of immediately available office space in an 8,919 SF Class B office park at 1806 W Stassney Ln, Austin, TX 78745.
    • Excellent visibility and high traffic exposure on West Stassney Lane.
    • Strategic location adjacent to Austin Community College – South Austin Campus and across from Crockett High School.
    • Ample parking with a 3.3:1,000 SF ratio.
    • LO zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    La Casa of the Beauty Beauty Salon My Favorite Day, ... Mental Health Service Sarita Molinar Counselor On Demand Staffing - Austin Employment Agency The L.I.F.E. Project Learning Center

    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
    -97.7955037
    Latitude
    30.2147865

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    FAQs

    What type of property is this?
    Office Property / Space - Austin Office Space: 643-2170 SF
    Where is this office property / space located?
    The property is located at 1806 Stassney Ln Austin, TX.
    What is the lease rate?
    The lease rate is $15-$18 SF/Yr.
    What are key features of this property?
    This property features: 4,983 SF of immediately available office space in an 8,919 SF Class B office park at 1806 W Stassney Ln, Austin, TX 78745.; Excellent visibility and high traffic exposure on West Stassney Lane.; Strategic location adjacent to Austin Community College – South Austin Campus and across from Crockett High School.
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    Austin, TX 78745
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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
    1806 Stassney Ln Austin, TX 78745
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