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Listing Agency: Kalil Commercial Show Phone

Listed By: Steven Kalil, CCIM · License #568121 Show Phone

Source: Moodyscre

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:27AM

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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 Kalil Commercial

Investment Insights

Based on property information with market context.

This 19,200-square-foot warehouse includes four private offices and two restrooms. Loading features comprise two grade-level overhead doors and one dock well, with an 18-foot ceiling. The property is part of a condominium regime, with a stated site area of 2.78 acres representing 20% of the regime, including common drives and detention. Zoning is CS-MU-V-CO-NP.

The property is located at 10631 Joseph Clayton Dr in Austin, Texas 78753.

Key Highlights

• 19,200 square feet of warehouse space
• 2.78 acres, representing 20% of the condo regime and including common drives and detention
• Four private offices and two restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$211,495

Cap Rate

5.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,229,900 $4.2M

Cap Rate 7%

$3,021,357 $3.0M

Cap Rate 9%

$2,349,944 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,200 SF

Gross rent

$283.4K $14.76/SF

− Vacancy

−$34.6K −$1.80/SF

EGI

$248.8K $12.96/SF

− OpEx

−$37.3K −$1.94/SF

NOI

$211.5K $11.02/SF

Area

ZIP 78753

Vacancy

12.20%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,229,900

Cap Rate 7%

$3,021,357

Cap Rate 9%

$2,349,944

Alternative Uses

Best Use

Warehouse

$3.02M

$2.64M – $3.52M (±1% cap)

NOI $211,495 @ 7.0% cap · market cap 5.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.52M

$6.58M – $8.78M (±1% cap)

NOI $526,669 @ 7.0% cap · market cap 14.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

NBC Inventory, Inc. Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Dental Office Plumbing Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Dock-high doors

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

579

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78753, TX

58,761

Population

25,345

Households

2.3

Avg Household Size

32

Median Age

35%

College-Educated

80%

High-School Grad

11.3 sq mi

ZIP Area

5,200

Density / Sq Mi

$62,334

Median Household Income

$38,278

Median Earnings

$1,447

Median Rent

$344,100

Median Home Value

Market

Vacancy Rate% for Industrial in Austin, TX

7.5% 2019

5.7% 2020

3.9% 2021

4.3% 2022

9.1% 2023

13.3% 2024

21.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - The facility combines private office space with grade-level and dock access for loading.

Where is this warehouse located?

The property is located at 10631 Joseph Clayton Dr Austin, TX.

What is the asking price?

The asking price for this property is $3,648,000.

What are key features of this property?

This property features: 19,200 square feet of warehouse space; 2.78 acres, representing 20% of the condo regime and including common drives and detention; Four private offices and two restrooms