Austin CBD Conversion Screener
A public-data feasibility screener of 25 Class B and C office buildings in Austin's CBD for office-to-residential conversion. Zero pencil.
stack: Python, pandas, Streamlit, TCAD public data, Typst
A composite feasibility score over five public-data signals (plate depth, vintage, assessed price per square foot, class, size band) applied to 25 hand-curated central Austin office buildings. Underwriting math on each candidate: hard cost, soft multiplier, sellable share, market rent, exit cap.
Latest
Zero of 25 buildings pencil at v1 underwriting. Median yield on cost 2.25 percent against a 5.25 percent exit cap, a 300 basis point gap to close. Median cost per door $670K against a value per door of $245K. Breakeven rent $6.52 per square foot against a $3.00 per square foot comp set. Companion essay at /essays/2026-austin-conversion-screener.
Status
Shipped. The honest finding is that Austin CBD office is either a trophy buy, a private distress trade at 50 to 70 percent of last-cycle basis, or sitting empty waiting for a subsidy stack. There is no middle. v2 will add the FAR-bonus and historic-tax-credit overlays where they apply.