Versatile Commercial Building in Avery
For Sale
$1,850,000
10513 W Parmer Lane, Austin, TX 78717
Multi-tenant building in high-traffic location suitable for various uses.
Property Size4,036 SF
Lot Size0.45 Acres
Price / SF$458.37
Days on Market143
Property Features for 10513 W Parmer Lane
General Information
Standard status
Active
Size
4,036 SF
Lot size
0.45 Acres
Property subtype
Office
Building Details
Building Size
4,036 SF
Year Built
2025
Listing Agency:
Realty Executives Town & Cntry
Listed By:
Roman C. Esparza · License #0481820
(512) 745-7777
Source:
Denpg
Added: May 20
Changed: Oct 3
Last Checked: Oct 7 at 3:43PM
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 Realty Executives Town & Cntry
Investment Insights
Based on property information with market context.
Located in the Avery Ranch area at 10521 W. Parmer Ln, Cedar Park, TX 78613, this multi-tenant commercial building offers a prime opportunity. The building, approximately 4,036 sq ft on about 0.45 acres, is situated in a high-visibility, high-traffic location within the Avery Ranch master-planned community, right behind McDonald's, just off the intersection of Parmer Lane and Avery Ranch Blvd. This location provides excellent accessibility and exposure in a desirable growth corridor of North Austin/Cedar Park. The building features a multi-tenant layout with ground-floor and upper-level spaces. Recent renovations include a approximately 2,030 sq ft dental office suite, showcasing modern build-out potential for medical, professional, or retail uses. The property benefits from high daily traffic on Parmer Lane and proximity to Avery Ranch Blvd, with easy access to US 183, 45 Toll, and I-35. It is suited for office, medical/dental, childcare, retail, or professional services, drawing tenants from the surrounding population and business activity. Existing tenants provide immediate cash flow, with 2018 sqft of additional leasing available. Nearby amenities include shopping, restaurants, parks, top-rated schools, and recreational options. The location has a bike score of 53, indicating it is bikeable, a walk score of 48, indicating it is car-dependent, and a transit score of 0, indicating no nearby transit.
Key Highlights
- High‑visibility location in the thriving Avery Ranch area, with high daily traffic on Parmer Lane.
- Versatile multi‑tenant commercial building (approximately 4,036 sq ft) suitable for office, medical/dental, childcare, retail, or professional services.
- Strong income potential with existing tenants and 2018 sqft of additional leasing available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,217
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,340
$1.6M
Cap Rate 7%
$1,174,529
$1.2M
Cap Rate 9%
$913,522
$913.5K
Market Conditions
NOI Build-Up for 4,036 SF
Gross rent
$144.8K $35.88/SF
− Vacancy
−$35.2K −$8.72/SF
EGI
$109.6K $27.16/SF
− OpEx
−$27.4K −$6.79/SF
NOI
$82.2K $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%
$1,644,340
Cap Rate 7%
$1,174,529
Cap Rate 9%
$913,522
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,217 @ 7.0% cap · market cap 4.44%
Second Best
Retail
$1.02M
$888.3K – $1.18M
NOI $71,067 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,710 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78717, TX
36,987
Population
14,508
Households
2.5
Avg Household Size
35
Median Age
67%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
2,845
Density / Sq Mi
$140,483
Median Household Income
$71,236
Median Earnings
$1,833
Median Rent
$599,200
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant building in high-traffic location suitable for various uses.
Where is this medical office space located?
The property is located at 10513 W Parmer Lane Austin, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: High‑visibility location in the thriving Avery Ranch area, with high daily traffic on Parmer Lane.; Versatile multi‑tenant commercial building (approximately 4,036 sq ft) suitable for office, medical/dental, childcare, retail, or professional services.; Strong income potential with existing tenants and 2018 sqft of additional leasing available.
