Reconfigurable Office
For Sale
$295,000
106-9090 Jollyville Rd, Austin, TX 78759
Vacant commercial condominium with a kitchen and adaptable interior layout.
Property Size843 SF
Price / SF$349.94
Days on Market11
Property Features for 106-9090 Jollyville Rd
General Information
Standard status
Active
Size
843 SF
Taxes and HOA fees
Annual Taxes
$3,420
Listing Agency:
The Templeton Group
(512) 944-3958
Listed By:
Megan Templeton
(512) 944-3958
Source:
Exprealty
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 11:12PM
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 The Templeton Group
Investment Insights
Based on property information with market context.
This office condominium contains approximately 843 SF arranged with multiple office and work areas, along with a kitchen. Existing partitions are nonpermanent, allowing the interior configuration to be changed as operational needs evolve. The suite is vacant and available for an owner seeking a flexible office setting.
The property is located at 106-9090 Jollyville Rd in Austin, Texas, within the 78759 area. Its address and office-oriented layout provide a straightforward setting for commercial occupancy, while the existing improvements offer a starting point for a customized arrangement.
The property is located at 106-9090 Jollyville Rd in Austin, Texas, within the 78759 area. Its address and office-oriented layout provide a straightforward setting for commercial occupancy, while the existing improvements offer a starting point for a customized arrangement.
Key Highlights
- Approximately 843 SF office condominium
- Multiple office and work areas with an on‑site kitchen
- Nonpermanent partitions allow interior reconfiguration
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
$17,173
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
5.82%
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%
$343,460
$343.5K
Cap Rate 7%
$245,329
$245.3K
Cap Rate 9%
$190,811
$190.8K
Market Conditions
NOI Build-Up for 843 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
$30.2K $35.88/SF
− Vacancy
−$7.3K −$8.72/SF
EGI
$22.9K $27.16/SF
− OpEx
−$5.7K −$6.79/SF
NOI
$17.2K $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 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%
$343,460
Cap Rate 7%
$245,329
Cap Rate 9%
$190,811
Alternative Uses
Best Use
Office B
$245.3K
$214.7K – $286.2K
NOI $17,173 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.3K
$289.1K – $385.4K
NOI $23,124 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Vacant commercial condominium with a kitchen and adaptable interior layout.
Where is this office units located?
The property is located at 106-9090 Jollyville Rd Austin, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 843 SF office condominium; Multiple office and work areas with an on‑site kitchen; Nonpermanent partitions allow interior reconfiguration
