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Property profile & analytics
OFF-MARKET Estimated value $1,060,000
Industrial properties

507 Howard Ln 1 Austin, TX 78753-9792

91,884 SF 7.35 ac lot Built 2019
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-0581190
Property summary
AI-generated overview

This exceptional 26,160-square-foot commercial property, located at 507 E Howard Ln in Austin, Texas, presents a unique opportunity for businesses seeking flexible and adaptable workspace. Situated in the Northeast submarket of Travis County, zip code 78753, this property offers a blend of office and industrial space, ideal for a variety of uses. The building is currently entirely vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. The property features one dock-high door, catering to efficient loading and unloading of goods, making it suitable for businesses requiring this functionality. The "Executive Office" and "Flex" subtypes indicate a versatile layout capable of accommodating various business needs, from traditional office setups to more dynamic, open-plan configurations. With its substantial square footage and prime location in Austin's thriving Northeast submarket, this property offers unparalleled potential for growth and success. The multiple tenancy option allows for flexibility in lease terms and space allocation. This is a rare opportunity to secure a significant amount of space in a desirable Austin location. The property's address is easily accessible, offering convenient transportation links and proximity to local amenities. This is an excellent opportunity for a company looking to establish a strong presence in the Austin market.

Property profile
Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 2019
Total area 91,884 SF
Lot 7.35 ac (320,122 SF)
APN 262280811
UPID US83-0581190
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
  • 3M Science Center Research And Product Development
  • Apple Center Lake 02 Corporate Office
  • Infosys Ltd Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.06M
Owner & transaction history
Karlin Parmer 71 LLC · 6 yrs held
Karlin Parmer 71 LLC
since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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