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1183 Springdale Rd Austin, TX 78721-1943

OFF-MARKET Parking lots & garages Google Maps
1,280 SF 0.47 ac lot Built 1980
Individually Owned Free & Clear
Estimated value (blended)
$365k
Range $329k – $402k (±10%)
Property ID US82-2308345

Property summary

AI-generated overview

This exceptional 0.47-acre commercial lot is situated at 1183 Springdale Rd, Austin, TX 78721, offering a prime development opportunity. Located just off the intersection of Springdale Road and East 12th Street, this property benefits from its proximity to downtown Austin (a short 10-minute drive). The lot is zoned GR-MU-NP, allowing for mixed-use commercial development. Surrounding the property are new multifamily developments and contemporary homes, indicating a thriving and growing neighborhood. The property's convenient location, coupled with its commercial zoning, presents a rare opportunity for investors and developers. The Travis County APN is 199076. Recent city improvements include new sidewalks and driveways, enhancing the property's accessibility and appeal. This lot is only two lots away from the corner of Springdale and East 12th Street, providing excellent visibility and access. The asking price for this strategically located land is $1,500,000. Don't miss this chance to acquire a highly desirable commercial lot in a rapidly developing area of Austin.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1980
Total area 1,280 SF
Lot 0.47 ac (20,473 SF)
APN 209190118
UPID US82-2308345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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