7800 Burleson Rd Austin, TX 78744
This exceptional 16.15-acre site in Austin, Texas, presents a fully entitled opportunity for a 315-unit garden-style multifamily development. Located in Travis County, at 7800 Burleson Rd, zip code 78744, this prime location boasts high visibility and easy access to major roadways including 183, 290, and I-35, with a daily vehicle count of 16,401 on Burleson Road. The GR-MU-NP zoning permits mixed-use development. The approved site plan and building permits streamline the development process. This project is ideally suited for workforce housing, benefiting from strong demographics and its location within an Opportunity Zone. Proximity to Austin-Bergstrom International Airport (under 5 miles) and Tesla's Gigafactory (approximately 8 miles) provides significant advantages. The proposed development includes six four-story buildings, a 3,000 square foot amenity center, a 1,700 square foot leasing office, and 454 surface parking spaces. The design incorporates green space, creating a park-like setting for residents. This is a rare opportunity to capitalize on Austin's thriving real estate market and robust employment base. The site's strategic location and comprehensive entitlements make it an attractive investment for developers seeking a high-return project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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