Medical Office Condo with Private
For Sale
$355,000
10824 E Crystal Falls PKWY E # 505, Leander, TX 78641
A vacant, naturally lit suite includes a private restroom and six dedicated parking spaces.
Property Size991 SF
Price / SF$358.22
Days on Market116
Property Features for 10824 E Crystal Falls PKWY E # 505
General Information
Standard status
Active
Size
991 SF
Total Parking Spaces
6
Property subtype
Office
Additional Details
Condition
Turnkey
Road Access
Yes
Office Units
1
Property Use
Office
Taxes and HOA fees
Annual Taxes
$8,884
Building Details
Building Size
991 SF
Year Built
2020
Listing Agency:
JBG Commercial
Listed By:
Michael Ashby · License #668161
(512) 502-7580
Source:
Jorgensonrealestate
Added: Jul 7
Changed: Oct 30
Last Checked: Oct 26 at 2:55PM
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
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Investment Insights
Based on property information with market context.
This medical office condo is vacant and features three private offices, an executive suite, a breakroom with sink and storage, and a private restroom. Oversized windows bring natural light into the space. The unit was built in 2020 and is part of the Crystal Falls Arbor complex. An adjacent suite is also available; together, the two spaces would total approximately 2,000 square feet.
The property is directly across from Wiley Middle School and Rouse High School, with access from E Crystal Falls Pkwy and Artesian Springs Blvd. The complex includes medical, dental, banking, and pediatric practices. Six parking spaces are dedicated to the unit.
The property is directly across from Wiley Middle School and Rouse High School, with access from E Crystal Falls Pkwy and Artesian Springs Blvd. The complex includes medical, dental, banking, and pediatric practices. Six parking spaces are dedicated to the unit.
Key Highlights
- Three private offices, an executive suite, breakroom, and private restroom
- Six dedicated parking spaces
- Oversized windows provide natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,631
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,620
$472.6K
Cap Rate 7%
$337,586
$337.6K
Cap Rate 9%
$262,567
$262.6K
Market Conditions
NOI Build-Up for 991 SF
Gross rent
$41.6K $42.00/SF
− Vacancy
−$10.1K −$10.21/SF
EGI
$31.5K $31.79/SF
− OpEx
−$7.9K −$7.95/SF
NOI
$23.6K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,620
Cap Rate 7%
$337,586
Cap Rate 9%
$262,567
Alternative Uses
Best Use
Office B
$337.6K
$295.4K – $393.9K
NOI $23,631 @ 7.0% cap · market cap 6.66%
Second Best
Healthcare Medical
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A vacant, naturally lit suite includes a private restroom and six dedicated parking spaces.
Where is this medical office space located?
The property is located at 10824 E Crystal Falls PKWY E # 505 Leander, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Three private offices, an executive suite, breakroom, and private restroom; Six dedicated parking spaces; Oversized windows provide natural light
