Property profile

1800 E Martin Luther King Jr Blvd Austin, TX 78702

FOR SALE
Other land
Property ID
US82-2293867
0.14 ac lot
Saved · see the list in your Dashboard
1800 E Martin Luther King Jr Blvd, Austin, TX 78702 For Sale
$1,049,990
1800 E Martin Luther King Jr Blvd, Austin, TX 78702
View Listing →

Property summary

AI-generated overview

The property is a flat lot located in Austin’s MLK transit corridor, approximately three blocks east of The University of Texas at Austin’s eastern parking lot, within walking distance of the UT campus, Dell Medical School, and multiple nearby hospitals and medical centers, with additional access to the Texas State Capitol Building Complex (about a 25-minute walk) and the UT Moody Center (about five blocks). MLK is a designated transit corridor with four lanes and a planned 20-foot widening and includes five bus stops within one block, providing strong transit adjacency. The site is subject to Austin’s zoning provisions for the corridor, supporting up to a 60-foot building height and over 20,000 square feet of rentable space, and is suitable for mixed-use development. The development concept allows for first-floor retail or restaurant space exceeding 3,000 square feet and residential development on the upper four floors, with capacity for more than 17,000 square feet of residential space and 24 or more residential units. Parking requirements are limited to ADA compliance. The south end of the lot offers views of downtown, particularly from upper floors, and the lot conditions indicate no significant tree issues, facilitating development.

Property profile

Verified
Property type Other land
Lot 0.14 ac (6,186 SF)
UPID US82-2293867

Cap rate & NOI

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

Location

1800 E Martin Luther King Jr Blvd Austin, TX 78702
Austin metro
Google Maps

Value estimations

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message