Office Unit with Full
For Sale
Contact for pricing
1006 W 31st Street, Austin, TX 78705
A remodeled workspace features mature landscaping that provides a buffer from the street.
Property Size725 SF
Price / SF$3.86
Days on Market42
Property Features for 1006 W 31st Street
General Information
Standard status
Active
Size
725 SF
Property subtype
Office
Site & Location
Neighborhood
Windsor Road
Additional Details
Condition
Newly Renovated
Property Use
Professional Offices, Studio, Gallery
Amenities
full kitchen
mature landscaping
Building Details
Year Built
1920
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Karl Haussmann · License #0498673
(512) 293-5737
Source:
Hoydenhomes
Added: Sep 18
Changed: Oct 28
Last Checked: Oct 28 at 6:57AM
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 Compass RE Texas, LLC
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Investment Insights
Based on property information with market context.
This 725-square-foot office unit was built in 1920 and has been remodeled. A full kitchen is included, and established landscaping separates the property from the street. The space has previously served as an art gallery and a technology startup office.
The property is on W 31st Street in Austin, within blocks of Ascension Seton Main, St. David's Heart Hospital, and Central Market. Nearby options include coffee shops and restaurants.
The gross lease covers electricity, water, trash service, pest control, and yard maintenance.
The property is on W 31st Street in Austin, within blocks of Ascension Seton Main, St. David's Heart Hospital, and Central Market. Nearby options include coffee shops and restaurants.
The gross lease covers electricity, water, trash service, pest control, and yard maintenance.
Key Highlights
- 725‑square‑foot office unit
- Built in 1920 and remodeled
- Full kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,769
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,380
$295.4K
Cap Rate 7%
$210,986
$211.0K
Cap Rate 9%
$164,100
$164.1K
Market Conditions
NOI Build-Up for 725 SF
Gross rent
$26.0K $35.88/SF
− Vacancy
−$6.3K −$8.72/SF
EGI
$19.7K $27.16/SF
− OpEx
−$4.9K −$6.79/SF
NOI
$14.8K $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 Rate 5%
$295,380
Cap Rate 7%
$210,986
Cap Rate 9%
$164,100
Alternative Uses
Best Use
Office B
$211.0K
$184.6K – $246.2K
NOI $14,769 @ 7.0% cap · market cap 527.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.1K
$248.6K – $331.5K
NOI $19,887 @ 7.0% cap · market cap 710.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,094
Businesses Nearby
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Business Placement
Demographics for 78705, TX
36,535
Population
12,519
Households
2.9
Avg Household Size
23
Median Age
80%
College-Educated
99%
High-School Grad
2.1 sq mi
ZIP Area
17,398
Density / Sq Mi
$30,336
Median Household Income
$10,994
Median Earnings
$1,520
Median Rent
$627,900
Median Home Value
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - A remodeled workspace features mature landscaping that provides a buffer from the street.
Where is this office unit located?
The property is located at 1006 W 31st Street Austin, TX.
What are key features of this property?
This property features: 725‑square‑foot office unit; Built in 1920 and remodeled; Full kitchen included
