Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1601 I-35 Frontage Rd Austin, TX 78741

    • Office Properties & Spaces
    • 4,674 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1601 I-35 Frontage Rd

    Year built
    1970
    Lot size
    0.67 lot acres
    Property size
    4,674 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 4,674 square foot, three-story Class B office building in Austin, Texas, presents a compelling owner-user investment opportunity. Located at 1601 S I-35 Frontage Rd, 78741, this single-tenant property sits on a 0.67-acre lot with 267 feet of frontage, providing excellent visibility and accessibility. Built in 1970, the building boasts ample parking with 31 spaces, including designated visitor parking. The LO-NP zoning allows for high-intensity commercial, office, multi-family, or mixed-use development, offering future flexibility. Currently 100% occupied, this property provides immediate cash flow and a seamless transition for the new owner. Its strategic location near downtown Austin and convenient access to I-35 offer significant advantages. The well-maintained building features a welcoming courtyard, enhancing its professional appeal. The asking price is $4,995,000, translating to $1,068.68 per square foot. This represents a strong investment potential in a thriving Austin market. The property's versatile space is ideal for office tenants seeking a prime location with excellent amenities and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7357
    Latitude
    30.2417

    Comparable in this City

    • Value Estimation by Request
      42,863 SF

      2801 I-35 Frontage Rd

      Office space • 42,863 SF
      2801 I-35 Frontage Rd, Austin, TX 78741
      View Details
    • Value Estimation
      $790,000
      85,648 SF

      5202 Ben White Blvd, Unit 5

      OFFICE BUILDING • 85,648 SF
      5202 Ben White Blvd, Austin, TX 78741-7316
      View Details
    • Value Estimation
      $440,000
      17,122 SF

      2111 Parker Ln

      OFFICE BUILDING • 17,122 SF
      2111 Parker Ln, Austin, TX 78741-3807
      View Details
    • Value Estimation
      $480,000
      36,018 SF

      1949 Interstate 35

      OFFICE BUILDING • 36,018 SF
      1949 Interstate 35, Austin, TX 78741-3702
      View Details
    • Value Estimation
      $830,000
      59,406 SF

      2015 Interstate 35

      OFFICE BUILDING • 59,406 SF
      2015 Interstate 35, Austin, TX 78741-3809
      View Details
    • Value Estimation
      $550,000
      296,850 SF

      2300 Oracle Way

      OFFICE BUILDING • 296,850 SF
      2300 Oracle Way, Austin, TX 78741-1400
      View Details

    Similar Nearby for Sale

    • $195,000
      792 SF

      Updated Condo Near Downtown Austin

      Charming 2-bedroom condo, updated, near downtown and airport.
      1705 Crossing Pl, Austin, TX 78741
      View Details
    • $400,000
      1,070 SF

      Modern Residences in Vibrant East Austin

      Exclusive gated community with modern finishes and community amenities.
      2450 Wickersham Ln, Austin, TX 78741
      View Details
    • $300,000

      Land For Sale

      Land available for sale.
      2827 Metcalfe Rd, Austin, TX 78741
      View Details
    • Contact for pricing

      Austin Land with River Access

      Land with river access near downtown Austin and airport.
      90 Montopolis Dr, Austin, TX 78741
      View Details
    • Contact for pricing

      5.194 Acres on US Hwy

      Unzoned 5.194-acre land parcel with frontage on US Hwy.
      8317 S Us Highway 183, Austin, TX 78741
      View Details
    • $633,000

      Land Available for Sale

      Land available for sale at $633,000 in Austin, TX.
      2300 Thrasher Ln, Austin, TX 78741
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,037 SF

      Austin Executive Office Space

      Prime Austin location, multiple suites available.
      2028 Ben White Blvd, Austin, TX 78741
      View Details
    • $15 SF/Yr
      9,840 SF

      Renovated Austin Office/Showroom Space

      Renovated office/showroom space with highway visibility, near downtown Austin.
      3100 Alvin Devane Blvd, Austin, TX 78741
      View Details
    • $29 SF/Yr
      108,300 SF

      Versatile Space with Unique Amenities

      Adaptable commercial space featuring a gym, kitchen, and auditorium.
      5900 Ben White Blvd, Austin, TX 78741
      View Details
    • Contact for pricing
      15,000 SF

      Value Office/Flex Space Available

      Office/flex space with high parking ratio near airport.
      2914 Montopolis Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      6,000 SF

      Austin Office Space For Rent

      6,000 square feet of office space available for rent.
      6201 E Oltorf St, Austin, TX 78741
      View Details
    • Contact for pricing
      30,351 SF

      Office Building with Downtown Views

      Six-story office building featuring modern amenities and downtown views.
      4720 E Riverside Dr, Austin, TX 78741
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1601 I-35 Frontage Rd
    Austin, TX 78741
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.