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Property profile & analytics
OFF-MARKET Estimated value $655,000
Strip malls

8120 Research Blvd Austin, TX 78758-8400

41,516 SF 3.38 ac lot Built 1984
Entity Owned 3-yr Hold Free & Clear
Property ID
US82-3000303
Property summary
AI-generated overview

Crestview Crossing, a newly renovated Class B retail center (41,743 square feet) in Northwest Austin, offers exceptional visibility and accessibility. Strategically located at the corner of Research Boulevard and Anderson Square, this property benefits from pylon signage and freeway visibility, attracting both daytime and nighttime traffic. Easy access to US-HWY 183/Research Blvd and major arteries ensures high consumer traffic. The center boasts 167 parking spaces and is anchored by the renowned Capital City Comedy Club. Three spaces are currently available, ranging from 4,100 to 6,000 square feet, ideal for a variety of retail businesses. Built in 1984 and renovated in 2019, this 3.38-acre property sits within a thriving area, experiencing projected 10% population growth within a 5-mile radius over the next five years. Its prime location offers direct access to a growing residential community and proximity to downtown Austin. National retailers such as Hobby Lobby, Target, Planet Fitness, H-E-B, and Walmart are nearby, creating a strong retail environment. This property presents a unique opportunity to establish a business in a high-traffic, rapidly growing area of Austin, Travis County. The property's diverse tenant mix perfectly complements the expanding residential population.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Construction STEEL FRAME
Total area 41,516 SF
Lot 3.38 ac (147,211 SF)
APN 237100311
UPID US82-3000303
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
  • Shining Image of Texas - Austin General Contractor Renovation Specialist
  • Maids and Moore Cleaning Service Hardware & Home Improvement
  • seguro aseguranza insurance Insurance Agency
  • Conferred Careers Employment Agency
  • Hire Bulletin Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$725k
Blend (final) Blend
$655k
Owner & transaction history
Os Crestview LLC · 3 yrs held
Os Crestview LLC
since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
$7.3M
2021
Price N/A
2018
Price N/A
2017
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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