Ground-Floor Commercial
For Sale
$450,000
106-2235 E 6th St, Austin, TX 78701
Ground-floor commercial condo with a functional layout in a mixed-use development with both residential and commercial uses.
Property Size723 SF
Price / SF$622.41
Days on Market149
Property Features for 106-2235 E 6th St
General Information
Standard status
Active
Size
723 SF
Taxes and HOA fees
Annual Taxes
$8,539
Listing Agency:
Jorgenson Real Estate
(512) 439-3698
Listed By:
Kasey Jorgenson · License #0607514
(512) 574-5484
Source:
Exprealty
Added: Apr 23
Changed: Sep 17
Last Checked: Sep 18 at 12:28PM
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 Jorgenson Real Estate
Investment Insights
Based on property information with market context.
Condominium Unit 106 is a ground-floor commercial space within a mixed-use development that combines residential and commercial uses. The unit is approximately 723 square feet and is configured to support a variety of office, retail, or professional services setups.
Located at 2235 E 6th Street, the property sits along the East 6th corridor with surrounding urban density and walkability. The location also provides immediate proximity to Downtown Austin, making it suitable for an owner/user seeking a centrally located presence.
Located at 2235 E 6th Street, the property sits along the East 6th corridor with surrounding urban density and walkability. The location also provides immediate proximity to Downtown Austin, making it suitable for an owner/user seeking a centrally located presence.
Key Highlights
- Ground‑floor commercial condo unit 106 in a mixed‑use development with residential and commercial uses
- 623 SF ground‑floor commercial space at 2235 E 6th Street
- Functional layout designed to support a variety of office, retail, or professional services configurations
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
$14,728
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
3.27%
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%
$294,560
$294.6K
Cap Rate 7%
$210,400
$210.4K
Cap Rate 9%
$163,644
$163.6K
Market Conditions
NOI Build-Up for 723 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
$25.9K $35.88/SF
− Vacancy
−$6.3K −$8.72/SF
EGI
$19.6K $27.16/SF
− OpEx
−$4.9K −$6.79/SF
NOI
$14.7K $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%
$294,560
Cap Rate 7%
$210,400
Cap Rate 9%
$163,644
Alternative Uses
Best Use
Office B
$210.4K
$184.1K – $245.5K
NOI $14,728 @ 7.0% cap · market cap 3.27%
Second Best
Retail
$181.9K
$159.1K – $212.2K
NOI $12,731 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$283.3K
$247.9K – $330.5K
NOI $19,832 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 78701, TX
11,625
Population
8,021
Households
1.4
Avg Household Size
38
Median Age
81%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
7,750
Density / Sq Mi
$154,867
Median Household Income
$106,932
Median Earnings
$2,732
Median Rent
$653,600
Median Home Value
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 units - Ground-floor commercial condo with a functional layout in a mixed-use development with both residential and commercial uses.
Where is this office units located?
The property is located at 106-2235 E 6th St Austin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Ground‑floor commercial condo unit 106 in a mixed‑use development with residential and commercial uses; 623 SF ground‑floor commercial space at 2235 E 6th Street; Functional layout designed to support a variety of office, retail, or professional services configurations
