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    Far South Austin Flex Space Title is generated by Realmo AI

    11215 Conroy Ln, Manchaca, TX

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    6,288 SF flex space with modern industrial loft aesthetic.

    Type:INDUSTRIAL
    Property size:
    6,288 SF
    Lot size:
    1.07 Acres
    Price / SF:
    $270/SF
    Added:
    Nov 13, 2023
    Days on Market:
    939
    Last Refresh:
    May 20 at 9:41 pm

    Property Features for 11215 Conroy Ln

    General Information

    Standard status
    Active
    Size
    6,288 SF
    Lot size
    1.07 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Adam Fike

    Listing agent Adam Fike

    Listing office Dovetail Commercial Real Estate

    Listing date Nov 13, 2023

    Source Moodyscre

    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 Dovetail Commercial Real Estate

    HighLights

    • 6,288 SF building with industrial loft aesthetic
    • 2,300 SF of Grade A office space on two floors
    • 100% HVAC
    • Convenient location: 15 mins from downtown Austin and 10 miles to ABIA
    • 2020 construction
    • Cat 6 cabling throughout and professional lighting

    Overview

    This 6,288 SF flex space, constructed in 2020, features an industrial loft aesthetic and is located in the Far South Austin submarket. The property includes 2,300 SF of office space distributed across two floors. The ground floor comprises a lobby and office area of approximately 500 SF, while the mezzanine level offers approximately 1,800 SF. The office space features Grade A finishes, polished concrete floors, Cat 6 cabling throughout, and professional lighting. The entire building is fully HVAC-equipped. The property is located 15 minutes from downtown Austin via I-35 and 10 miles from Austin-Bergstrom International Airport (ABIA), and 25 minutes from San Marcos. It is also located close to South Park Meadows, offering a variety of shopping and restaurant options, and near the Menchaca area, known for its local restaurants, bars, and small businesses.

    Local 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 $264.1k $42.00
    − Vacancy −$64.2k −$10.21
    EGI $199.9k $31.79
    − OpEx −$50.0k −$7.95
    NOI $149.9k $23.85
    6,288 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.14M
    $1.87M – $2.50M (±1% cap)
    NOI $149,941 @ 7.0% cap · market cap 8.82%
    Second Best
    Industrial
    $803.7K
    $703.3K – $937.7K (±1% cap)
    NOI $56,261 @ 7.0% cap · market cap 3.31%
    Theoretical Best
    Office A
    $2.63M
    $2.30M – $3.07M (±1% cap)
    NOI $183,998 @ 7.0% cap · market cap 10.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Lifelong Insurance Austin Insurance Agency Genuine Texas Exteriors Roofing Company Lanzola Communities Construction Company Canvas Workspaces Coworking & Hybrid Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchaca
    County
    Travis
    State
    Texas
    Longitude
    -97.8051
    Latitude
    30.1424

    FAQs

    What type of property is this?
    Flex space - 6,288 SF flex space with modern industrial loft aesthetic.
    Where is this flex space located?
    The property is located at 11215 Conroy Ln Manchaca, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 6,288 SF building with industrial loft aesthetic; **2,300 SF of Grade A office space on two floors**; 100% HVAC
    (512) 468-5353 Call to check price and availability
    More about this property
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