11220 N Lamar Blvd

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11220 N Lamar Blvd

Austin, TX 78758
Asking Price
$8.01M
Asset Type
Retail
Class
Class B

What's Special

11220 North Lamar Boulevard is situated in North Austin, located between the Rundberg Lane and Braker Lane intersections. This segment of the Lamar corridor is characterized by a mix of established local businesses, automotive services, and multi-family residential developments. The property benefits from high surface street visibility and proximity to major transit arteries, including Interstate 35 and Highway 183. Nearby amenities include various grocery anchors and regional shopping centers, while several CapMetro bus stops provide public transportation access within walking distance of the site. The property is well-suited for diverse retail operations, including community-oriented storefronts, service-based businesses, or specialty showrooms. Given the high daily traffic counts and the density of the surrounding residential population, the location typically attracts tenants such as independent retailers, quick-service food operators, and professional service providers like insurance agencies or medical clinics. The flexible layout caters to regional businesses seeking a central North Austin presence with direct frontage on a primary north-south thoroughfare.

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NOI
$80,000
Cap Rate
1.00%
DSCR
0.17
Underwater
Cash-on-Cash
-16.46%
Monthly Payment
$39,621.213
Annual Cash Flow
$-395,454.561

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