Bee Cave Road Office
For Sale
Contact for pricing
11402 FM 2244 Rd, Austin, TX
Single-tenant office building in high demographic area.
Property Size22,703 SF
Lot Size1.52 Acres
Price / SF$385.41
Days on Market657
Property Features for 11402 FM 2244 Rd
General Information
Standard status
Active
Size
22,703 SF
Lot size
1.52 Acres
Property subtype
OFFICE
Properties For Sale
at 11402 FM 2244 Rd Contact us- Floor
- 1
- Size
- 22,703 SF
- Type
- OFFICE
- Availability
- AVAILABLE, Now
- Sublease
- Yes
11402 FM 2244 Rd
High-End cafeteria
Volleyball Court
Golf Simulator
Fitness Center
Bar with tap
Virtual...
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Listing Agency:
CBRE | Austin
(512) 499-4900
Listed By:
W. Gaines Bagby · License #302363
(512) 499-4915
Source:
Moodyscre
Added: Nov 20, 2024
Changed: Sep 3
Last Checked: Sep 7 at 12:48PM
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
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
$462,480
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
5.29%
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%
$9,249,600
$9.2M
Cap Rate 7%
$6,606,857
$6.6M
Cap Rate 9%
$5,138,667
$5.1M
Market Conditions
NOI Build-Up for 22,703 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
$814.6K $35.88/SF
− Vacancy
−$197.9K −$8.72/SF
EGI
$616.6K $27.16/SF
− OpEx
−$154.2K −$6.79/SF
NOI
$462.5K $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%
$9,249,600
Cap Rate 7%
$6,606,857
Cap Rate 9%
$5,138,667
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
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 - 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.
