Office Condominium with Private
For Sale
$400,000
10824 Crystal Falls Pkwy, Leander, TX 78641
Built in 2020 with a dedicated breakroom, private restroom, central air, and paved on-site parking.
Property Size991 SF
Price / SF$403.63
Days on Market31
Property Features for 10824 Crystal Falls Pkwy
General Information
Standard status
Active
Size
991 SF
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$8,885
Amenities
Central Air
3
Parking.
6 Parking Spaces. Outside, Lot, Paved Driveway.
Building Details
Year Built
2020
Tenancy
Multi
Listing Agency:
JBG Commercial
(512) 820-2192
Listed By:
Michael Ashby
(512) 820-2192
Source:
Xome
Added: Jul 4
Changed: Aug 3
Last Checked: Aug 3 at 4:31AM
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 JBG Commercial
Investment Insights
Based on property information with market context.
This office condominium provides a professional workspace with three private offices, an executive suite, a breakroom with sink and storage, and an in-suite private restroom. Central air and oversized exterior windows add functional comfort and natural light. The property was built in 2020 and includes paved on-site parking with 6 spaces.
The Crystal Falls Arbor complex is located across from Wiley Middle School and Rouse High School in Leander. Multiple concrete driveways connect directly to East Crystal Falls Parkway and Artesian Springs Boulevard. The surrounding complex includes medical practices, dentists, banks, and pediatric clinics. The adjoining suite #505 may also be purchased, offering separate ownership of two units or the possibility of combining the suites into one larger operating space.
The Crystal Falls Arbor complex is located across from Wiley Middle School and Rouse High School in Leander. Multiple concrete driveways connect directly to East Crystal Falls Parkway and Artesian Springs Boulevard. The surrounding complex includes medical practices, dentists, banks, and pediatric clinics. The adjoining suite #505 may also be purchased, offering separate ownership of two units or the possibility of combining the suites into one larger operating space.
Key Highlights
- Three private offices plus an executive suite
- Breakroom includes a sink and storage; private restroom is in‑suite
- Built in 2020 with central air and oversized exterior windows
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $42.00 |
| − Vacancy | −$10.1k | −$10.21 |
| EGI | $31.5k | $31.79 |
| − OpEx | −$7.9k | −$7.95 |
| NOI | $23.6k | $23.85 |
991 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$337.6K
$295.4K – $393.9K
NOI $23,631 @ 7.0% cap · market cap 5.91%
Second Best
Healthcare Medical
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built in 2020 with a dedicated breakroom, private restroom, central air, and paved on-site parking.
Where is this office units located?
The property is located at 10824 Crystal Falls Pkwy Leander, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three private offices plus an executive suite; Breakroom includes a sink and storage; private restroom is in‑suite; Built in 2020 with central air and oversized exterior windows
