Charming Office Building in
For Sale
$699,000
Pending
1107 W 45th St W, Austin, TX 78756
Unique 1,480 sqft commercial property with character and functionality.
Property Size1,480 SF
Days on Market98
Property Features for 1107 W 45th St W
General Information
Standard status
Pending
Size
1,480 SF
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
(512) 969-7097
Listed By:
Shannon James · License #0791896
(512) 969-7097
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 24 at 11:24AM
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 Shannon James
Investment Insights
Based on property information with market context.
Located in Austin, this 1,480 sqft commercial property offers a blend of character and functionality. The building features hardwood floors throughout, creating a warm and professional atmosphere. High ceilings enhance the sense of openness, while the standing seam metal roof provides durability and architectural interest. The office building is zoned Local Office, providing flexibility for various professional uses. Amenities include off-street parking. Natural Grocers is located nearby. This property sits directly across from the Texas School for the Blind, placing it in an institutional corridor. The location provides visibility and foot traffic. The bike score is 74, indicating it is very bikeable. The walk score is 45, indicating it is car-dependent, and the transit score is 39, indicating some transit options are available.
Key Highlights
- Prime Austin location with excellent visibility and foot traffic in a character‑rich neighborhood.
- Zoned Local Office, offering flexibility for various professional uses.
- Hardwood floors and high ceilings create a warm, professional, and open atmosphere.**
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 | $53.1k | $35.88 |
| − Vacancy | −$12.9k | −$8.72 |
| EGI | $40.2k | $27.16 |
| − OpEx | −$10.0k | −$6.79 |
| NOI | $30.1k | $20.37 |
1,480 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$430.7K
$376.9K – $502.5K
NOI $30,149 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.0K
$507.5K – $676.6K
NOI $40,597 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,329
Businesses Nearby
Explore this area
Business Placement
Demographics for 78756, TX
8,426
Population
4,943
Households
1.7
Avg Household Size
37
Median Age
71%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
4,956
Density / Sq Mi
$97,149
Median Household Income
$56,515
Median Earnings
$1,383
Median Rent
$788,600
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
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 building - Unique 1,480 sqft commercial property with character and functionality.
Where is this office building located?
The property is located at 1107 W 45th St W Austin, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime Austin location with excellent visibility and foot traffic in a character‑rich neighborhood.; Zoned Local Office, offering flexibility for various professional uses.; Hardwood floors and high ceilings create a warm, professional, and open atmosphere.**
