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    8510 Hillmoore Dr Austin, TX 78719

    For Sale
    $3,250,000

    Prime Austin land, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5.65-acre commercial land parcel presents a compelling investment opportunity in Austin, Texas. Located at 8510 Hillmoore Dr, in Travis County, zip code 78719, this property offers significant potential for redevelopment. The asking price is $3,250,000, translating to a land value of $14.22 per acre. Its strategic location provides convenient access to downtown Austin and the Austin-Bergstrom International Airport, ensuring high visibility and accessibility. The property sits within a rapidly growing corridor of Austin, poised to benefit from the future expansion of Highway 183, promising substantial long-term appreciation. This prime location makes it ideal for a variety of commercial developments, capitalizing on Austin's thriving economy and robust real estate market. The property's size and location offer unparalleled flexibility for developers seeking to create a significant commercial presence in a high-demand area. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a piece of Austin's dynamic commercial landscape.

    Property Features for 8510 Hillmoore Dr

    General Information

    Property type
    Land
    Lot Size
    246,114 SF

    HighLights

    • Prime redevelopment opportunity.
    • Close proximity to Downtown Austin and Austin‑Bergstrom International Airport.
    • Located in a high‑growth Austin corridor, poised for future development with the expansion of Hwy 183.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Restaurant Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6895545
    Latitude
    30.1708838

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    FAQs

    What type of property is this?
    Land - Prime Austin land, redevelopment opportunity.
    Where is this land located?
    The property is located at 8510 Hillmoore Dr Austin, TX.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity.; Close proximity to Downtown Austin and Austin-Bergstrom International Airport.; Located in a high-growth Austin corridor, poised for future development with the expansion of Hwy 183.
    (512) 605-7494
    Request Owner's contact information
    8510 Hillmoore Dr Austin, TX 78719
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    Austin, TX 78719
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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
    8510 Hillmoore Dr Austin, TX 78719
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