Highway 290 Investment
For Sale
Contact for pricing
10200 US-290, Austin, TX 78736
Two-story office building with expansion potential on 2.78 acres.
Property Size5,429 SF
Lot Size2.78 Acres
Price / SF$292.87
Days on Market215
Property Features for 10200 US-290
General Information
Standard status
Active
Size
5,429 SF
Lot size
2.78 Acres
Property subtype
Office
Building Details
Year Built
1999
Buildings
2
Stories
2
Listing Agency:
Stanberry Commercial
Listed By:
Scott Daves · License #TX 470497
Source:
Crexi
Added: Mar 14
Changed: Oct 10
Last Checked: Oct 12 at 9:10PM
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 Commercial
Investment Insights
Based on property information with market context.
This investment property, situated on 2.78 acres with frontage on Highway 290, presents an opportunity for owner-users and investors. The site includes a 4,227 square foot two-story office building, which is divided into 11 individual suites. Additionally, there is a 1,152 square foot garage structure at the rear of the property that has been converted into 3 office suites and 1 garage spot. The property is currently operating at approximately 70% occupancy, providing cash flow with potential for increased returns through lease-up and future development. Supplementary income is generated through an annual sign lease and ground lease. Located outside the city's extraterritorial jurisdiction, the tract offers flexibility for expansion, with space to construct additional buildings. The property is positioned in the path of development between Austin and Dripping Springs.
Key Highlights
- Located on 2.78 acres with frontage on Highway 290, offering high visibility and access.
- Features a 4,227 SF two‑story office building with 11 individual suites, providing immediate income potential.
- Includes a converted 1,152 SF garage structure with 3 office suites and 1 garage spot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,593
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,211,860
$2.2M
Cap Rate 7%
$1,579,900
$1.6M
Cap Rate 9%
$1,228,811
$1.2M
Market Conditions
NOI Build-Up for 5,429 SF
Gross rent
$194.8K $35.88/SF
− Vacancy
−$47.3K −$8.72/SF
EGI
$147.5K $27.16/SF
− OpEx
−$36.9K −$6.79/SF
NOI
$110.6K $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%
$2,211,860
Cap Rate 7%
$1,579,900
Cap Rate 9%
$1,228,811
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,593 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,921 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 78736, TX
10,165
Population
4,539
Households
2.2
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
456
Density / Sq Mi
$100,761
Median Household Income
$52,920
Median Earnings
$1,849
Median Rent
$556,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with expansion potential on 2.78 acres.
Where is this office building located?
The property is located at 10200 US-290 Austin, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Located on 2.78 acres with frontage on Highway 290, offering **high visibility and access**.; Features a **4,227 SF two‑story office building with 11 individual suites**, providing immediate income potential.; Includes a converted 1,152 SF garage structure with 3 office suites and 1 garage spot.
