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Property profile & analytics
OFF-MARKET Estimated value $1,390,000
Office buildings

7715 Chevy Chase Dr Austin, TX 78752-1227

51,396 SF 3.33 ac lot Built 1973
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US82-2745926
Property summary
AI-generated overview

This exceptional investment opportunity presents a vacant, 51,868-square-foot Class B office building in Austin, Texas. Located at 7715 Chevy Chase Dr, Austin, TX 78752, this two-story building, constructed in 1973, sits on a 3.33-acre lot and offers 247 parking spaces. The property is ideally situated in Travis County, benefiting from its proximity to major thoroughfares. Priced at $6,050,000 ($116.64/sq ft), this multi-tenant building features a unique architectural design, including full-height atriums. The property's vacant status presents a blank canvas for redevelopment or immediate occupancy. The substantial lot size offers significant potential for future expansion or development. This is a rare opportunity to acquire a sizable office property in a prime Austin location. The building's well-maintained condition and ample parking further enhance its appeal. This is an owner/user investment opportunity with significant upside potential. The property's strategic location near the intersection of I-35 and Hwy 183 provides excellent visibility and accessibility.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction CONCRETE
Total area 51,396 SF
Lot 3.33 ac (145,220 SF)
APN 232150114
UPID US82-2745926
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
  • Ascension Information Services Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.39M
Owner & transaction history
P1 Chase Park Austin LLC · 14 yrs held
P1 Chase Park Austin LLC
since 2012
4 recorded transactions
2012
$22.0M
2007
Price N/A
1998
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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