$14,615,000
2228 Burnet Rd
Travis Heights · Austin, TX 78701
$230/sq ft38 days on market2.1K views72 saves
Key facts
- Interior
- 63,420 sq ft
- Lot
- 2.74 acres
- Year built
- 1975
- Property type
- Hospitality
- Price / sq ft
- $230/sq ft
- Annual taxes
- $264,530
- Days on market
- 38
Getting around
Very Walkable
Good Transit
Bikeable
About this property
Value-add hospitality asset in Travis Heights with below-market rents rolling inside the next cycle. Roof Deck Amenity and on-site parking make the space genuinely functional rather than merely leasable. Seller will consider a structured sale-leaseback.
Investment summary
Investment summary
Cap rate
9.20%
Net operating income ÷ price
Net operating income
$1,344,580
Annual, after operating expenses
Cash-on-cash
+11.3%
$496,376 annual cash flow on $4,384,500 equity
47,565 sq ft leased of 63,420 sq ft
- Tenants
- 4
- Rentable area
- 63,420 sq ft
- Price / sq ft
- $230/sq ft
- WALE
- 4.4 yrs
- Lease type
- Ground Lease
- Building class
- Class C
- Zoning
- B3-3
- Parking
- 64 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $848,204 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Systems & Efficiency
- Sprinkler System
Parking & Access
- On-Site Parking
- Structured Parking
Highlights
- Turnkey Buildout
- Recent Capital Improvements
- Below-Market Rents
- Opportunity Zone
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Pending
- Sold
| Date | Event | Price |
|---|---|---|
| 2021-04-30 | Sold | $9,327,000 |
| 2026-06-17 | Listed | $14,615,000 |
| 2026-07-23 | Pending | $14,615,000 |
Location
Travis Heights, Austin — Travis County
Approximate location · Travis Heights
Open full mapEstimate your monthly payment
Payment calculator
Estimated monthly
$99,441/mo
- Principal & interest74%$73,134
- Property tax22%$22,044
- Home insurance4%$4,263
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $11,692,000 · 30 yr · 6.40%