Turn-Key Medical Office
10824 E Crystal Falls Pkwy #505 Leander, TX 78641
10824 E Crystal Falls Pkwy #505, Leander, TX, 78641
$435,000
For Sale
$435,000
Turn-key office suite with three private offices, private restroom, and breakroom in a high-visibility condominium complex.
Property Size991 SF
Price / SF$438.95
Days on Market15
Property Features for 10824 E Crystal Falls Pkwy #505
General Information
- Standard status
- Active
- Size
- 991 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2020
Listing agency
JBG Commercial
(512) 502-7580
Listed by
Michael Ashby
Source
Buttross
Added: Jul 7 Updated: Jul 21 at 8:35AM Checked: Jul 21 at 8:35AM
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 turn-key office condominium unit is located within the Crystal Falls Arbor complex and is designed for immediate occupancy. The interior layout includes three private offices and an executive suite, along with a dedicated breakroom featuring a modern sink and storage. A private in-suite restroom provides added convenience and discretion. Oversized exterior windows bring in abundant natural light.
The unit is positioned at a high-traffic intersection with access via multiple concrete driveways directly off East Crystal Falls Parkway and Artesian Springs Boulevard. The complex is directly across from Wiley Middle School and Rouse High School, supporting consistent daily local traffic and visibility.
The offering includes suite #505, and there is also an opportunity to purchase the adjoining suite #506 for ownership of two separate units or to combine into a larger single space.
The unit is positioned at a high-traffic intersection with access via multiple concrete driveways directly off East Crystal Falls Parkway and Artesian Springs Boulevard. The complex is directly across from Wiley Middle School and Rouse High School, supporting consistent daily local traffic and visibility.
The offering includes suite #505, and there is also an opportunity to purchase the adjoining suite #506 for ownership of two separate units or to combine into a larger single space.
Key Highlights
- 2020‑built commercial office condominium in the Crystal Falls Arbor complex, offering 973 SF for immediate occupancy.
- Interior layout includes three private offices plus an executive suite, suited for professional services, medical offices, or boutique businesses.
- In‑suite private restroom and dedicated breakroom with a modern sink and storage.
Local 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 5.43%
Second Best
Healthcare Medical
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MBM Property Management, ...
Property Management Company
Baoping Qian
Pediatrician
Subida Counseling
Counselor
SkySystems USA Corporation
Corporate Office
Zygo Sport and Spine
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Turn-key office suite with three private offices, private restroom, and breakroom in a high-visibility condominium complex.
Where is this office units located?
The property is located at 10824 E Crystal Falls Pkwy #505 Leander, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2020‑built commercial office condominium in the Crystal Falls Arbor complex, offering 973 SF for immediate occupancy.; Interior layout includes three private offices plus an executive suite, suited for professional services, medical offices, or boutique businesses.; In‑suite private restroom and dedicated breakroom with a modern sink and storage.
