Two-Unit Flex
New
For Sale
$1,795,000
10020 Darden Hill RD # 8, Austin, TX 78737
Newly built business-park space combines climate-controlled warehouse and mezzanine office areas with dedicated parking.
Property Size7,500 SF
Price / SF$239.33
Days on Market5
Property Features for 10020 Darden Hill RD # 8
General Information
Standard status
Active
Size
7,500 SF
Total Parking Spaces
10
Property subtype
Mixed Use
Warehouse & Industrial
Warehouse Space
5,000 SF
Office Build-Out
2,500 SF
Mezzanine
2,500 SF
Conditioned Warehouse
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$8,261
Amenities
rainwater collection tanks
Building Details
Building Size
7,500 SF
Year Built
2024
Listing Agency:
Stanberry REALTORS
(512) 894-3488
Listed By:
Scott Daves · License #0470497
Source:
Localcolorrealestateaustin
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stanberry REALTORS
Investment Insights
Based on property information with market context.
Completed in 2024, this flex-space property contains two connected units configured with mezzanine offices and warehouse areas. Each unit provides 1,250 square feet of mezzanine office space and 2,500 square feet of warehouse space, with HVAC serving both components for year-round climate control. The layout supports businesses requiring a combination of workspace, storage, and office functions within one property.
The property is part of a new Warehouse Business Park near Austin and Dripping Springs. Ten dedicated parking spaces serve the unit, while two 2,500-gallon rainwater collection tanks provide on-site water storage. The address is 10020 Darden Hill Road, Suite 8, Austin, Texas 78737.
The property is part of a new Warehouse Business Park near Austin and Dripping Springs. Ten dedicated parking spaces serve the unit, while two 2,500-gallon rainwater collection tanks provide on-site water storage. The address is 10020 Darden Hill Road, Suite 8, Austin, Texas 78737.
Key Highlights
- Two‑unit flex‑space configuration totaling 7,500 square feet
- Each unit includes 1,250 SF of mezzanine office space
- Each unit includes 2,500 SF of warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$152,782
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,055,640
$3.1M
Cap Rate 7%
$2,182,600
$2.2M
Cap Rate 9%
$1,697,578
$1.7M
Market Conditions
NOI Build-Up for 7,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$269.1K $35.88/SF
− Vacancy
−$65.4K −$8.72/SF
EGI
$203.7K $27.16/SF
− OpEx
−$50.9K −$6.79/SF
NOI
$152.8K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,055,640
Cap Rate 7%
$2,182,600
Cap Rate 9%
$1,697,578
Alternative Uses
Best Use
Office B
$2.18M
$1.91M – $2.55M
NOI $152,782 @ 7.0% cap · market cap 8.51%
Second Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,485 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,730 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78737, TX
20,996
Population
8,895
Households
2.4
Avg Household Size
41
Median Age
64%
College-Educated
99%
High-School Grad
36.4 sq mi
ZIP Area
577
Density / Sq Mi
$164,066
Median Household Income
$86,900
Median Earnings
$2,176
Median Rent
$689,200
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Newly built business-park space combines climate-controlled warehouse and mezzanine office areas with dedicated parking.
Where is this flex space located?
The property is located at 10020 Darden Hill RD # 8 Austin, TX.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Two‑unit flex‑space configuration totaling 7,500 square feet; Each unit includes 1,250 SF of mezzanine office space; Each unit includes 2,500 SF of warehouse space
