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26535780
26643539

12702 Sherbourne St, Austin, TX 78729

GP
TX 623268
PSG Real Esatate Services
Listed by PSG Real Esatate Services
$2,000,000
306 days on market
Updated 8 days ago

12702 Sherbourne st

Details
Property Type Mixed Use, Office
Sub Type Medical Office, Traditional Office (+1)
Square Footage 4,250
Net Rentable (SqFt) 4,250
Cap Rate 7.44%
NOI $148,800
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 3
Lease Expiration 05/31/2029
Rent Bumps Yes
Pro-Forma Cap Rate 8.55%
Pro-Forma NOI $170,928
Price per SqFt $471
Broker Co-Op Yes
Class B
Year Built 1977
Year Renovated 2022
Buildings 2
Stories 1
Acreage 0.490
Zoning ETJ
Parking Spaces 25 spaces
Parking Per SqFt 5.88
Investment Type Net Lease
Lease Commencement 01/01/2024
Occupancy Date 01/01/2024
Ownership 100%

Cash flowing, NNN property for sale

Marketing description

Great location and highly visible from Anderson Mill Rd. lots Of Storage Built-ins In Living Room. Laminated Floors Through out. Large beautiful tree filled lot, plenty of room for parking and much more...Fantastic opportunity for offices, retails or any commercial use. Seller will consider owner financing with 25-30% down payment. Close to Apple campus, proximity to Hwy 183 and Parmer Ln.

Investment highlights

Well established multi-tenant property on the intersection of Anderson Mill Rd / Sherbourne St.About a mile from Apple Campus, Paypal, Ebay and many other IT tech companies.

1) Long-term daycare history [Current lease ends 3/31/2027 and potential to extend]

2) Long-term corporate office[Owner leaseback for 1yr or owner occupant can move in]

3) Long-term Used car dealership [Current lease end 5/31/2029]

4) Potential to add small office/retail tenant for $1500/mo

Listing Contacts

GP
TX 623268
PSG Real Esatate Services
Listed by PSG Real Esatate Services

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$148,800.00
$12,400.00/mo

Valuation Metrics

0
DSCR
7.44%
Cap Rate
7.44%
ROI

Map

Zoning

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NZ SpecialNo Zoning
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Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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