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Property profile & analytics
FOR LEASE
Commercial real estate

1122 Colorado St Austin, TX 78701

151,294 SF 5 ac lot Built 1965
Individually Owned 2-yr Hold
Property ID
US82-9597182
Property summary
AI-generated overview

This exceptional opportunity presents two ground floor office suites for lease within the historic Westgate Tower, ideally situated in the Texas Capitol submarket. The building, a 26-story high-rise constructed in 1965 and renovated the same year, offers a total of 151,294 square feet across two suites. These immediately available spaces boast sizes ranging from 175 to 180 square feet, perfect for a variety of professional uses, including lobbyists, associations, or legal practices. Each suite features floor-to-ceiling windows (in executive offices), providing ample natural light. Interior offices are also available. Amenities include a shared reception area, kitchenette, high-speed fiber internet, and all utilities are included in the monthly rent, which ranges from $1,100 to $1,500. Tenants enjoy access to a small gym, sky deck, and pool, along with valet services for tenants and guests. Reserved garage parking is also available. The building is zoned CBD and located in the Travis County area, with convenient access to 11th Street. The property features five full elevators and is classified as a Class C building. The minimum divisible space is 95 square feet, with a maximum contiguous space of 265 square feet. The building sits on a five-acre lot, with a floor area ratio (FAR) of 1.

Property profile
Verified
Property type Commercial real estate
Year built 1965
Total area 151,294 SF
Lot 5 ac (217,800 SF)
UPID US82-9597182
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
  • Johnson & Johnson Law Firm
  • Johnson Gordon R Law Firm
  • Niemann & Heyer Law Firm
  • Cullinane Law Group Law Firm
  • Stan Schlueter Pc Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Connie Niemann Heyer · 2 yrs held
Connie Niemann Heyer
since 2024
3 recorded transactions
2024
Price N/A
2022
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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