Multi-Tenant Office
For Sale
Contact for pricing
11675 Jollyville Road #3, Austin, TX 78759
Three floors accommodate office suites suited to individual professionals and mid-sized teams.
Property Size30,041 SF
Price / SF$0.00
Days on Market21
Property Features for 11675 Jollyville Road #3
General Information
Standard status
Active
Size
30,041 SF
Property subtype
Office
Site & Location
Neighborhood
Jollyville
Highway Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
1985
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
O'Barr Rost REALTORS
(512) 388-4475
Listed By:
Salim Chowdhury · License #0483438
(512) 917-6268
Source:
Hoydenhomes
Added: Oct 13
Changed: Nov 1
Last Checked: Oct 31 at 11:17PM
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 O'Barr Rost REALTORS
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Investment Insights
Based on property information with market context.
This multi-tenant office condominium is arranged across three stories, with suite options ranging from 400 SF to 2,620 SF. Contemporary finishes are in place, and the property was built in 1985.
Jollyville Road provides access to US-183, Loop 360, and Mopac. The Domain and Arboretum are also noted as nearby destinations.
Jollyville Road provides access to US-183, Loop 360, and Mopac. The Domain and Arboretum are also noted as nearby destinations.
Key Highlights
- Suite sizes range from 400 SF to 2,620 SF
- Three‑story, multi‑tenant office condominium
- Contemporary interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$611,961
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,239,220
$12.2M
Cap Rate 7%
$8,742,300
$8.7M
Cap Rate 9%
$6,799,567
$6.8M
Market Conditions
NOI Build-Up for 30,041 SF
Gross rent
$1.08M $35.88/SF
− Vacancy
−$261.9K −$8.72/SF
EGI
$815.9K $27.16/SF
− OpEx
−$204.0K −$6.79/SF
NOI
$612.0K $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 Rate 5%
$12,239,220
Cap Rate 7%
$8,742,300
Cap Rate 9%
$6,799,567
Alternative Uses
Best Use
Office B
$8.74M
$7.65M – $10.20M
NOI $611,961 @ 7.0% cap · market cap 3,059,805.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.77M
$10.30M – $13.73M
NOI $824,044 @ 7.0% cap · market cap 4,120,220.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
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Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Three floors accommodate office suites suited to individual professionals and mid-sized teams.
Where is this office unit located?
The property is located at 11675 Jollyville Road #3 Austin, TX.
What are key features of this property?
This property features: Suite sizes range from 400 SF to 2,620 SF; Three‑story, multi‑tenant office condominium; Contemporary interior finishes
