263 Post Oak Blvd$37.67 – $45.86/SF/yr NNN
1231 Texas Ave
69,800 SF retail building at 1231 Texas Ave, Austin, TX 78746. For Sale through the owner.
For SaleStatus
$47.77/SFAsking rent
$29.44MAsking price
8.65%Cap rate
1933Year built
AClass
Property facts
| Property type | Retail |
|---|---|
| Building class | A |
| Rentable area | 69,800 SF |
| Stories | 5 |
| Year built | 1933 |
| Renovated | 2023 |
| Typical floor | 13,960 SF |
| Lot size | 2.23 acres |
| Parking ratio | 1.2/1,000 SF |
| Occupancy | 100.0% |
| Zoning | D-1 |
| Parcel ID | 39-885-5083 |
| Submarket | Southwest / Barton Creek |
| Market | Austin |
| Walk Score | 41 |
| Transit | Metro 2 min walk |
| Listing package | Silver |
Building amenities
Roof Terrace, Concierge, 24 Hour Access, Property Manager on Site, Energy Star, Bike Storage, Restaurant
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Garden State Title | Legal | 2 | 8,340 | 2025-07-01 |
| Garden State Title | Insurance | 5 | 15,790 | 2032-02-01 |
| Frontier Telecom | Media | 2 | 16,190 | 2031-07-01 |
| Hudson Asset Management | Legal | 5 | 4,400 | 2034-03-01 |
| Prairie Energy Services | Engineering | 2 | 12,380 | 2027-05-01 |
| Westfall Legal | Energy | 2 | 12,700 | 2029-06-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2024-11-07 | $11.86M | $169.84 | 5.33% | Greystone Holdings | Permian Basin Properties |
| 2020-03-22 | $18.16M | $260.16 | 6.58% | Fairbridge Partners | James River Properties |
Public record
| Owner of record | Gulf Coast Realty Partners LLC |
|---|---|
| Assessed value | $11.93M |
| Land value | $5.04M |
| Improvement value | $6.89M |
| Annual tax | $250K |
| Tax year | 2026 |
| Lot size | 97,138 SF |
| Last deed | 2016-06-22 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 8 BLK 708 SOUTHWEST / BARTON CREEK ADDN |
Location
1231 Texas Ave
Austin, TX 78746
Southwest / Barton Creek submarket · Austin market
30.27957, -97.82947
Open in RealStarListing package
Silver — Priority placement above all free listings.
Priority placement above every free listing, expanded photo set, full space-by-space availability table and a monthly performance report.
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Explore this market
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.