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Property profile & analytics
OFF-MARKET Estimated value $1,295,000
Warehouses

11712 Lamar Blvd Austin, TX 78753-2148

15,450 SF 2.98 ac lot Built 1983
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US82-4612325
Property summary
AI-generated overview

This exceptional self-storage portfolio in Austin, Texas, comprises seven buildings totaling 58,209 square feet across three locations: 11712 N Lamar Blvd, 824 Wagon Trail, and 1004 S Meadows Dr. Built between 1971 and 1985, with a significant renovation completed in 2023, the property boasts 329 units, including 111 climate-controlled units (10,425 square feet added in November 2023) and 204 non-climate-controlled units. The property currently enjoys a 79% economic occupancy rate. Features include concrete drives, gated keypad access, exterior lighting, perimeter fencing, security cameras, and an on-site office. The portfolio benefits from a prime location, just 0.9 miles from Interstate 35, near major retail (H-E-B), entertainment (Q2 Stadium), and lifestyle centers (The Domain), serving a population of 318,852 within a 5-mile radius with an average household income of $101,311. The average climate-controlled unit size is 94 square feet, and the average non-climate-controlled unit size is 166 square feet. One parking space and twelve office/warehouse spaces (13,964 square feet) are also included. The property is offered for sale individually or as part of a larger portfolio. The lot size spans 2.98 acres, and the property's APNs are 503140, 253340, and 253278.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1983
Construction CONCRETE
Total area 15,450 SF
Lot 2.98 ac (129,948 SF)
APN 252200114
UPID US82-4612325
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
  • Optimus Software Inc (Bike/Boat/Book/etc) Store Corporate Office
  • Watson & Taylor Self Storage Storage Facility
  • U-Haul Neighborhood Dealer Car Rental Facility
  • Adelove Shipping Austin Tx Freight Service Logistics Company
  • New Life Baptist Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.30M
Owner & transaction history
Fow North Lamar LLC · 10 yrs held
Fow North Lamar LLC
since 2015
7 recorded transactions
2017
Price N/A
2016
Price N/A
2016
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.7M +125.3%
Office building $1.6M +107.2%
Restaurant $1.1M +50.7%
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