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Property profile & analytics
FOR SALE
Apartment buildings

3900 Berkman Dr Austin, TX 78723

39,000 SF 0.68 ac lot Built 2023
Entity Owned Absentee Owner Free & Clear
Property ID
US82-7896288
Property summary
AI-generated overview

This exceptional Austin, Texas property, located at 3900 Berkman Dr, offers 5,000 square feet of commercial space ideally suited for retail or office use. Situated in the desirable Mueller neighborhood, this Travis County property boasts three separate suites ranging from 800 to 3,000 contiguous square feet, with a minimum divisible space of 800 square feet. Currently, all 5,000 square feet are vacant and available for lease. The units feature street-front visibility and signage opportunities along Berkman Dr, providing excellent exposure. The property is zoned PUD and is scheduled for shell condition delivery in the second quarter of 2024. This presents a unique opportunity for owner-users and investors seeking a high-visibility location in a thriving Austin community. The property's proximity to a new 345-unit apartment development and the historic Mueller control tower further enhances its appeal and potential for strong tenant occupancy. This is a rare chance to secure prime commercial space in a rapidly developing area of Austin, Texas, zip code 78723.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2023
Total area 39,000 SF
Lot 0.68 ac (29,473 SF)
APN 215161508
UPID US82-7896288
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
  • Shalimar Banquets Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k
Owner & transaction history
AUSTIN MODERN LOFTS LLC
AUSTIN MODERN LOFTS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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