Move-In Ready Office
For Sale
$549,500
109-3109 Kenai Dr, Cedar Park, TX 78613
Office suite with five private offices, conference room, reception, and storefront windows, recently painted and move-in ready.
Property Size1,312 SF
Price / SF$418.83
Days on Market136
Property Features for 109-3109 Kenai Dr
General Information
Standard status
Active
Size
1,312 SF
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$11,583
Listing Agency:
All City Real Estate Ltd. Co
(512) 590-4165
Listed By:
Venkat Gudapuri
(512) 590-4165
Source:
Exprealty
Added: Apr 9
Changed: Aug 20
Last Checked: Aug 22 at 10:38AM
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 All City Real Estate Ltd. Co
Investment Insights
Based on property information with market context.
This 1,312 SF office space is laid out to support both privacy and collaboration, with five private offices, a conference room, a reception area, a break room, and two restrooms. Large storefront windows bring in natural light, and the suite has been refreshed with new paint for immediate occupancy.
Located in Cedar Park, Texas, the property sits near Parmer Lane and includes ample on-site parking, supporting convenient access for employees and visiting clients.
Designed for professional office users, the configuration offers dedicated workspaces alongside a central reception and meeting space. The combination of private offices, conference room, and reception area makes the suite workable for a range of business types that need room for both client interaction and internal team operations.
Located in Cedar Park, Texas, the property sits near Parmer Lane and includes ample on-site parking, supporting convenient access for employees and visiting clients.
Designed for professional office users, the configuration offers dedicated workspaces alongside a central reception and meeting space. The combination of private offices, conference room, and reception area makes the suite workable for a range of business types that need room for both client interaction and internal team operations.
Key Highlights
- 1,312 SF office space in Cedar Park with five private offices plus a conference room
- Includes reception area, break room, and two restrooms
- Large storefront windows provide natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,700
$625.7K
Cap Rate 7%
$446,929
$446.9K
Cap Rate 9%
$347,611
$347.6K
Market Conditions
NOI Build-Up for 1,312 SF
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.
Gross rent
$55.1K $42.00/SF
− Vacancy
−$13.4K −$10.21/SF
EGI
$41.7K $31.79/SF
− OpEx
−$10.4K −$7.95/SF
NOI
$31.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,700
Cap Rate 7%
$446,929
Cap Rate 9%
$347,611
Alternative Uses
Best Use
Office B
$446.9K
$391.1K – $521.4K
NOI $31,285 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.9K – $639.9K
NOI $38,391 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 78613, TX
89,279
Population
34,198
Households
2.6
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
27.7 sq mi
ZIP Area
3,223
Density / Sq Mi
$120,829
Median Household Income
$61,782
Median Earnings
$1,733
Median Rent
$461,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office suite with five private offices, conference room, reception, and storefront windows, recently painted and move-in ready.
Where is this office units located?
The property is located at 109-3109 Kenai Dr Cedar Park, TX.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 1,312 SF office space in Cedar Park with five private offices plus a conference room; Includes reception area, break room, and two restrooms; Large storefront windows provide natural light
