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    Ben White Blvd Austin, TX 78704

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    Ben White Blvd Austin, TX 78704

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    • Retail properties & Spaces
    • 75,914 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Ben White Blvd

    Property size
    75,914 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    Lakehills Plaza, a prime Austin medical office building located at the intersection of S Lamar Blvd. and W Ben White Blvd. in Travis County (zip code 78704), offers exceptional leasing opportunities. This multi-tenant property boasts a total of 75,914 square feet of retail and office space, with a significant portion dedicated to medical office use. Currently, there are 5,301 square feet of vacant space available, divisible into units ranging from a minimum of 1,410 square feet to a maximum contiguous space of 2,435 square feet. Three individual spaces are currently available for lease. The building provides ample parking with 404 spaces for tenants and visitors. Its strategic location in Austin, Texas offers excellent visibility and accessibility, making it an ideal location for medical practices seeking a prominent presence in a thriving market. The property's diverse layout and flexible space options cater to a variety of medical specialties and practice sizes. Interested parties are encouraged to inquire about available spaces and lease terms.

    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
    -97.7956
    Latitude
    30.2343

    Comparable in this City

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    • Value Estimation by Request
      7,042 SF

      2800 Ih-35

      Office properties & Spaces • 7,042 SF
      2800 Ih-35, Austin, TX 78704
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    • Value Estimation by Request
      78,125 SF

      210 Barton Springs Rd

      Office properties & Spaces • 78,125 SF
      210 Barton Springs Rd, Austin, TX 78704
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    • Value Estimation
      $1,040,000
      8,609 SF

      2610 Interstate 35

      MEDICAL BUILDING • 8,609 SF
      2610 Interstate 35, Austin, TX 78704-5703
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    • Value Estimation by Request
      9,255 SF

      2315 Ben White Blvd

      MEDICAL BUILDING • 9,255 SF
      2315 Ben White Blvd, Austin, TX 78704-7524
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    • Value Estimation by Request
      2,382 SF

      4000 Menchaca Rd

      MEDICAL BUILDING • 2,382 SF
      4000 Menchaca Rd, Austin, TX 78704-6738
      View Details

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      1,829 SF

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      1,829 SF

      2403 W Ben White Blvd, Austin, TX 78704

      Medical Office Space • 1,829 SF
      2403 W Ben White Blvd, Austin, TX 78704
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      19,339 SF

      Medical Office Space Available

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      Austin Restaurant Chain Opportunity

      Established Tex-Mex restaurant chain with multiple Austin locations for sale.
      409 W 30Th St, Austin, TX 78704
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    • $20,000,000
      49,211 SF

      Austin Retail Center - High Growth Area

      Prime Austin location, high-traffic, strong tenant mix.
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    Similar Nearby for Lease

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      Commercial Space For Lease

      Commercial space available for lease at 1700 S Lamar Blvd.
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      Retail Space for Lease

      Retail space available for lease on South Congress Avenue.
      2105 S Congress Ave, Austin, TX 78704
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      625 SF

      South 1st Street Retail Space

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    • $6,500 /Mo

      Converted Home on High-Traffic Road

      Unique commercial space with high visibility and flexible layout.
      3908 Menchaca Rd, Austin, TX 78704
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    Ben White Blvd
    Austin, TX 78704
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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
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