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Days2751Days on Market
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$3,500,000

729 Airport Blvd, Austin, TX, 78702

On MarketInfo
CommercialInfo
Baths8,400 Sq Ft
price_per_sqft$416.67 / sqft
Year BuiltBuilt in 1970

Highlights

Interior

FlooringConcrete

Exterior

Lot Size15,455 sqft

Building Information

Year Built1970
Stories1
Roof Type312

Land Information

APN02021702170000
Lot Number1
SubdivisionWalker Subd
Land UseIndustrial
Legal DescriptionLOT 1 WALKER SUBD
Census Tract002111
Assessed Land Value$1,112,616
Assessed Improvement Value$87,384
Assessment Year2025

About this property

2 properties (727 & 729 Airport Blvd). According to Austin's Guide to Zoning, CS-MU-CO-NP permits the following uses: up to 95% building coverage, 95% impervious cover, and a 2:1 Floor Area Ratio (FAR). This would mean that nearly the entire property can be developed with impervious surfaces, and the building itself can cover almost the entire lot, depending on any requirement for a detention pond. With a FAR of 2:1, the property may support a building totaling up to 71,650 square feet—twice the size of the lot area. Additionally, the zoning allows for a building height of up to 60 feet. With the property's Mixed-Use (MU) zoning, which allows for both commercial and residential development, combined with the generous allowances for impervious cover and Floor Area Ratio (FAR), the highest and best use could potentially be a "multi-family over commercial" design— similar to those being developed throughout the area, including just across 183. Incorporating underground parking would maximize the potential of the space, creating a ground-floor commercial area (ideal for retail, office, or other uses), while allowing for 3 to 4 stories of residential units (either condominiums or apartments) above. This approach not only optimizes the land use but also aligns with current development trends in the region. Zoning CS-MU-CO-NP: Administrative and medical offices Financial services and business schools Art gallery and workshop Auto rentals, repair, sales, and washing Building support services and maintenance Convenience storage (self storage) General retail Hotel and motel Indoor entertainment Restaurants, and Limited warehousing New Roofs were installed on all three buildings in August 2025 All information provided is deemed reliable but not guaranteed.

Investor Tools

$0Estimated Mortgage Balance
$720,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

Interested in this property?

Stefan Benteler

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,891
$720,000
2025
$1,112,616
$87,384
$1,200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,891
$720,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$720,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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729 Airport Blvd | Property Details | No Agent List