Gated Office-Shop with
For Sale
$1,195,000
1120 E 52nd St, Austin, TX 78723
Fully gated property with a 3,000 SF brick office and a 1,200 SF shop/warehouse with grade-level roll-up door.
Property Size4,200 SF
Price / SF$284.52
Days on Market102
Property Features for 1120 E 52nd St
General Information
Standard status
Active
Size
4,200 SF
Zoning
GR-MU-NP
Additional Details
Drive-In Doors
1
Building Details
Year Built
1970
Listing Agency:
St. Croix Capital Realty Advisors
Listed By:
Gayle Berkbigler, CCIM · License #451428
(512) 844-4653
Source:
Expcommercial
Added: May 29
Changed: Sep 6
Last Checked: Sep 6 at 3:47AM
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 St. Croix Capital Realty Advisors
Investment Insights
Based on property information with market context.
This fully gated commercial office/shop property includes a 3,000 SF brick construction office building and an additional 1,200 SF shop/warehouse. The warehouse features a grade-level 12’ roll-up door, supporting storage and operational needs tied to equipment and inventory. The office interior has been recently improved with fresh paint, and the property has undergone extensive upgrades including repaired plumbing drain lines, new electrical conduit, roofing, and exterior metal skin work.
The buildings were constructed in 1970. The property is zoned GR-MU-NP and is located in Austin, two blocks from the Mueller Development.
The combined office and shop/warehouse configuration provides on-site administrative space alongside functional storage/workspace in a secured setting, suited to businesses that need both office presence and warehouse utility.
The buildings were constructed in 1970. The property is zoned GR-MU-NP and is located in Austin, two blocks from the Mueller Development.
The combined office and shop/warehouse configuration provides on-site administrative space alongside functional storage/workspace in a secured setting, suited to businesses that need both office presence and warehouse utility.
Key Highlights
- Fully gated commercial office/shop property with a 3,000 SF brick office building and a 1,200 SF shop/warehouse
- Shop/warehouse includes a grade‑level 12’ roll‑up door for loading and access
- Office interior has been recently improved and fully painted
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
$85,558
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
7.16%
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%
$1,711,160
$1.7M
Cap Rate 7%
$1,222,257
$1.2M
Cap Rate 9%
$950,644
$950.6K
Market Conditions
NOI Build-Up for 4,200 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
$150.7K $35.88/SF
− Vacancy
−$36.6K −$8.72/SF
EGI
$114.1K $27.16/SF
− OpEx
−$28.5K −$6.79/SF
NOI
$85.6K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /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%
$1,711,160
Cap Rate 7%
$1,222,257
Cap Rate 9%
$950,644
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,558 @ 7.0% cap · market cap 7.16%
Second Best
Warehouse
$651.9K
$570.4K – $760.5K
NOI $45,631 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,209 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78723, TX
34,522
Population
17,065
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,862
Density / Sq Mi
$87,978
Median Household Income
$54,769
Median Earnings
$1,478
Median Rent
$513,500
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully gated property with a 3,000 SF brick office and a 1,200 SF shop/warehouse with grade-level roll-up door.
Where is this flex space located?
The property is located at 1120 E 52nd St Austin, TX.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Fully gated commercial office/shop property with a 3,000 SF brick office building and a 1,200 SF shop/warehouse; Shop/warehouse includes a grade‑level 12’ roll‑up door for loading and access; Office interior has been recently improved and fully painted
