Bee Cave Road Office
11402 FM 2244 Rd Austin, TX
For Sale
Contact for pricing
Single-tenant office building in high demographic area.
Property Size22,703 SF
Lot Size1.52 Acres
Price / SF$385.41
Days on Market611
Property Features for 11402 FM 2244 Rd
General Information
- Standard status
- Active
- Size
- 22,703 SF
- Lot size
- 1.52 Acres
- Property subtype
- OFFICE
Listing Agency:
CBRE | Austin
(512) 499-4915
Listed By:
W. Gaines Bagby
(512) 499-4915
Source:
Moodyscre
Added: Nov 20, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:47AM
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 CBRE | Austin
Investment Insights
Based on property information with market context.
This 22,703 square foot office building is located on Bee Cave Road. The property is positioned in a high barrier to entry submarket and benefits from a prominent location. It presents a single-tenant campus opportunity and is considered a jewel box asset. The building is available below replacement cost. The Securelink Building can be purchased with the Preserve at Bee Cave for a total of 44,018 square feet.
Key Highlights
- High demographic area makes this an attractive location.
- Prominent Bee Cave Road location offering excellent visibility.
- Below replacement cost, a smart investment.
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 | $814.6k | $35.88 |
| − Vacancy | −$197.9k | −$8.72 |
| EGI | $616.6k | $27.16 |
| − OpEx | −$154.2k | −$6.79 |
| NOI | $462.5k | $20.37 |
22,703 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.61M
$5.78M – $7.71M
NOI $462,480 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.90M
$7.78M – $10.38M
NOI $622,758 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Single-tenant office building in high demographic area.
Where is this office building located?
The property is located at 11402 FM 2244 Rd Austin, TX.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: High demographic area makes this an attractive location.; Prominent Bee Cave Road location offering excellent visibility.; Below replacement cost, a smart investment.
