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Investment Highlights

  • Located in the East Congress area, offering convenient access to major Austin corridors and public transportation.
  • Positioned within 5 miles of downtown Austin and approximately 9.4 miles from Austin-Bergstrom International Airport.
  • Approximately 10,000 square feet of building space on a 0.84-acre lot, currently configured for service use.
  • Zoned LI (Limited Industrial), providing flexibility for a range of commercial or service-oriented uses.

Executive Summary

Redevelopment opportunity

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $160,000 $16.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $160,000 $16.00
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $160,000
Annual Per SF $16.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $160,000
Annual Per SF $16.00
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $3,500,000
Price Per SF $350
Sale Type Investment or Owner User
Cap Rate 3.66%
Property Type Industrial
Property Subtype Service
Building Class C
Lot Size 0.84 AC
Rentable Building Area 10,000 SF
No. Stories 1
Year Built 1979
Parking Ratio 2.5/1,000 SF
No. Drive In / Grade-Level Doors 10
Zoning LI - LI zoning

Amenities

  • Air Conditioning

Utilities

  • Gas
  • Water - City
  • Sewer - City
  • Heating

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Ned Neighbor Realty
  • Real Estate
  • 1,000 SF
  • $600.00
  • Triple Net
  • Oct 2025
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Ned Neighbor Realty Real Estate 1,000 SF $600.00 Triple Net Oct 2025
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
316394
Land Assessment
$1,102,980 (2025)
Improvements Assessment
$247,471 (2025)
Total Assessment
$1,350,451 (2025)
  • Listing ID: 37770588

  • Date on Market: 9/22/2025

  • Last Updated:

  • Address: 305 E Saint Elmo Rd, Austin, TX 78745

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