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Property profile & analytics
FOR LEASE
Strip malls

10601 North Lamar Blvd Austin, TX 78753

106,586 SF 13.66 ac lot Built 1986
Entity Owned 3-yr Hold Free & Clear
Property ID
US82-3645698
10601 North Lamar Blvd, Austin, TX 78753 For Lease
$1,140,000 37,330 SF available
10601 North Lamar Blvd, Austin, TX 78753
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Property summary
AI-generated overview

This exceptional 107,397-square-foot flex space, situated on 13.66 acres in Travis County's Central Austin submarket (North Lamar cluster), presents a unique investment opportunity. The single-story, Class B building, constructed in 1988, offers multiple tenancy options with a minimum divisible space of 2,130 square feet and a maximum contiguous space of 35,200 square feet. Currently, 37,330 square feet are vacant, providing immediate occupancy potential for a variety of businesses. The property boasts 20-foot high ceilings and robust parking ratios, catering to diverse operational needs. Its strategic location along N Lamar Boulevard, near the Domain and Interstate 35, ensures high visibility and convenient access. The property is zoned CS and features one drive-in door, but lacks elevators. Property taxes are $1.80 per square foot. The building comprises a total of five suites. This prime location, combined with the flexible space options and ample parking, makes this property an ideal choice for businesses seeking a prominent presence in a thriving Austin submarket. The property's size and configuration make it suitable for a variety of uses, including retail, office, and industrial applications.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction STEEL FRAME
Total area 106,586 SF
Lot 13.66 ac (594,986 SF)
APN 245180406
UPID US82-3645698
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pupuseria salvadoreña Restaurant
  • Mariscos Tampico Karaoke Bar & Lounge Bar & Pub Restaurant
  • PACO'S SUPER SPORTS Association / Organization
  • Mi Familia Furniture & Mattress Furniture & Home Goods Home Decor Store
  • Shift Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.14M
Owner & transaction history
Hreop I Lamar Spe LLC · 3 yrs held
Hreop I Lamar Spe LLC
since 2022
5 recorded transactions
2022
Price N/A
2021
Price N/A
2012
Price N/A
2012
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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