Property profile

827 West 12Th St Austin, TX 78701

FOR LEASE
Apartment buildings
Property ID
US82-2375049
118,800 SF 0.55 ac lot Built 2022
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail space, known as "The Shoal," is located at 827 W 12th St in the vibrant 78701 zip code of Austin, Texas. The property offers a single-tenant occupancy in a building totaling 2,900 square feet, with 1,600 square feet currently available for lease. Its prime location in Austin ensures high visibility and foot traffic, making it an ideal opportunity for a variety of retail businesses. The property's classification is retail, offering a versatile space adaptable to numerous retail concepts. The building's size provides ample room for inventory, display, and customer interaction. This is a unique chance to establish a presence in a thriving Austin neighborhood. The address, 827 W 12th St, Austin, TX 78701, provides easy access for customers and employees alike. The property's coordinates are 30.2760586 latitude and -97.7496873 longitude. This single-tenant space presents a streamlined and efficient layout, perfect for a business seeking a manageable and impactful retail presence in a high-demand Austin location. Serious inquiries are encouraged to explore this exciting opportunity.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2022
Construction CONCRETE
Total area 118,800 SF
Lot 0.55 ac (24,045 SF)
APN 208000904
UPID US82-2375049

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Law Firm
  • Alternative Medicine Practice Spa & Massage Center
  • Architect
  • Alternative Medicine Practice

Location

827 West 12Th St Austin, TX 78701
Austin metro Census 1101 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$963k
Blend (final) Blend
$760k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2008
Price N/A
2007
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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