Office Condominium With Private
10824 E Crystal Falls Pkwy 506, Leander, TX 78641
For Sale
$375,000
Modern office unit with an executive suite, breakroom, private restroom, and natural light from oversized windows.
Property Size991 SF
Price / SF$378.41
Days on Market123
Property Features for 10824 E Crystal Falls Pkwy 506
General Information
Standard status
Size
Additional Details
Road Access
Building Details
Year Built
Tenancy
Listing Agency:
JBG Commercial
Listed By:
Michael Ashby · License TX #668161
(512) 820-2192
Source:
Brandyerocca
Added: Jul 10
Changed: Oct 26
Last Checked: Oct 7 at 5:17PM
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 2020 office condominium is arranged for professional operations with three private offices and a separate executive suite suitable for leadership work or confidential meetings. The interior also includes a breakroom with sink and storage, an in-suite private restroom, and oversized exterior windows that bring natural light into the workspace.
The property is located across from Wiley Middle School and Rouse High School, with access from East Crystal Falls Parkway and Artesian Springs Boulevard through multiple concrete driveways. Nearby co-tenants include medical practices, dentists, banks, and pediatric clinics. The adjoining suite 505 may also be purchased, providing the option to own two separate units or combine the spaces for a larger operation.
The property is located across from Wiley Middle School and Rouse High School, with access from East Crystal Falls Parkway and Artesian Springs Boulevard through multiple concrete driveways. Nearby co-tenants include medical practices, dentists, banks, and pediatric clinics. The adjoining suite 505 may also be purchased, providing the option to own two separate units or combine the spaces for a larger operation.
Key Highlights
- Three private offices plus a separate executive suite
- 2020 office condominium with modern interior finishes
- Breakroom includes a sink and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,631
Cap Rate
6.30%
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 6.30%
Second Best
Healthcare Medical
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$388.3K
$339.8K – $453.1K
NOI $27,184 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
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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
$453,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Leander, TX
Properties on Market for Office Units in Leander
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Modern office unit with an executive suite, breakroom, private restroom, and natural light from oversized windows.
Where is this office unit located?
The property is located at 10824 E Crystal Falls Pkwy 506 Leander, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three private offices plus a separate executive suite; 2020 office condominium with modern interior finishes; Breakroom includes a sink and storage
