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Property profile & analytics
FOR LEASE
Office buildings
8611 N Mo Pac Expy Austin, TX 78759
Entity Owned
9-yr Hold
Free & Clear
Property ID
US83-0962565
For Lease
1 / 11
Contact for pricing
8611 N Mo Pac Expy, Austin, TX 78759
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Property summary
AI-generated overview
MoPac Centre offers exceptional Class A executive office suites in Austin, Texas. Located at 8611 North Mopac Expressway, zip code 78759, this six-story building boasts over 95,863 square feet of prime office space. Currently, there are multiple tenancies available, with spaces ranging from a minimum of 1,228 square feet to a maximum contiguous space of 2,513 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
104,207 SF
Lot
2.32 ac (100,885 SF)
APN
245040409
UPID
US83-0962565
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
-
Corvia Corporate Office
-
Alison Humphrey Physician Medical Clinic
-
Aston Carter Employment Agency
-
EDI International Architecture Firm
-
TPB Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.06M
Owner & transaction history
8611 Mopac LLC · 9 yrs held
8611 Mopac LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$10,045,000
Change: -6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,625,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$6.06M
Range $5.45M – $6.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$850,068
Tax year 2022
Assessed value
$35,397,502
Assessed 2023
Previous assessed
$43,043,100
-17.8% YoY
Effective rate
2.40%
On assessed value
Assessed land
$5,548,673
Assessed improvement
$29,848,829
Land market value
$5,548,673
Improvement market value
$29,848,829
Total market value
$35,397,502
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2017
Heating
NONE
Stories
4
Total area
104,207 SF
Lot
2.32 ac (100,885 SF)
APN
245040409
UPID
US83-0962565
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$8.6M
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
4
Lot
2.32 ac
Current owner
From public records · entity-resolved
8611 Mopac LLC
Entity
Free & Clear · 9 yrs held
Mailing address
7200 N MOPAC EXPY STE #400, AUSTIN, TX 78731-2376
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2016
—
8611 Mopac LLC
8611 Mopac Investors LP
Quit Claim Deed
related
—
—
—
8611 Mopac LLC
—
Deed Of Trust
related
$28,500,000 · Landesbank Hessen Thueringen
—
—
8611 Mopac LLC
—
Loan Modification
related
$23,477,997 · Frost Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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