Highway 290 Investment
10200 US-290, Austin, TX 78736
Two-story office building with expansion potential on 2.78 acres.
Type:Office
Property size:
5,429 SFLot size:
2.78 AcresPrice / SF:
$405/SF- Added:
- Mar 14, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 19 at 11:23 pm
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
Listing agent Scott Daves License #TX 470497
Listing office Stanberry Commercial
Listing date Mar 14, 2026
Source Crexi
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
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.
- Currently operating at 70% occupancy, presenting an opportunity for increased cash flow through lease‑up.
- Generates supplementary income from an annual sign lease and ground lease.
- Located outside the city ETJ, allowing for flexible expansion and future development.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.23M
NOI $110,593 @ 9.00% cap · cautious / downside scenario
Moderate
$1.58M
NOI $110,593 @ 7.00% cap · market / base-case scenario
Aggressive
$2.21M
NOI $110,593 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.8k | $35.88 |
| − Vacancy | −$47.3k | −$8.72 |
| EGI | $147.5k | $27.16 |
| − OpEx | −$36.9k | −$6.79 |
| NOI | $110.6k | $20.37 |
5,429 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,593 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,921 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.9624
- Latitude
- 30.265
Nearby Similar for Sale
FAQs
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 $2,200,000.
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.
