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Property profile & analytics
OFF-MARKET Estimated value $540,000
Strip malls

5515 Balcones Dr Austin, TX 78731-4907

27,274 SF 1.41 ac lot Built 1969
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US82-0331504
Property summary
AI-generated overview

Plaza Balcones offers a unique 3,200 square foot retail endcap space in a highly desirable Austin, Texas location. Situated at 5515 Balcones Dr, Austin, TX 78731, this Class A property boasts excellent visibility and accessibility at the corner of Loop 1/Mopac and RM 2222. The building is a two-story structure totaling 25,000 square feet, with this specific space representing the entirety of one available suite within a multi-tenant building. The property is zoned GR (General Retail) in Travis County and benefits from a grocery-anchored retail center configuration, ensuring high foot traffic and strong neighborhood appeal. The location provides both regional convenience and access to a dense, high-end demographic. This endcap space offers exceptional signage opportunities, including building signage facing Mopac and Balcones Drive, as well as pylon signage on Balcones Drive, maximizing brand visibility. The minimum divisible space is 3,200 square feet, and the maximum contiguous space available is also 3,200 square feet. This presents a fantastic opportunity for businesses seeking a prominent location in a thriving Austin market. The property's central Austin location ensures easy access for customers and employees alike.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1969
Construction STEEL FRAME
Total area 27,274 SF
Lot 1.41 ac (61,376 SF)
APN 130020607
UPID US82-0331504
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
  • PURE Partners Real Estate Agency
  • Cordova Real Estate Ventures Real Estate Developer Property Investment Company
  • Plaza Balcones Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
$634k
Blend (final) Blend
$540k
Owner & transaction history
Mb Balcones Ltd · 2 yrs held
Mb Balcones Ltd
since 2023
3 recorded transactions
2023
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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