11402 FM 2244 Rd, Austin, TX
Single-tenant office building in high demographic area.
- Added:
- Nov 20, 2024
- Days on Market:
- 565
- Last Refresh:
- May 20 at 8:56 pm
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 agent W. Gaines Bagby License #415476 (512) 499-4915
Listing office CBRE | Austin (512) 499-4915
Listing date Nov 20, 2024
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 CBRE | Austin
HighLights
- High demographic area makes this an attractive location.
- Prominent Bee Cave Road location offering excellent visibility.
- Below replacement cost, a smart investment.
- High barrier to entry submarket ensures lasting value.
- Single‑tenant campus opportunity for a focused operation.
- Jewel box asset, a rare and refined property.
Overview
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 | $814.6k | $35.88 |
| − Vacancy | −$197.9k | −$8.72 |
| EGI | $616.6k | $27.16 |
| − OpEx | −$154.2k | −$6.79 |
| NOI | $462.5k | $20.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.9115
- Latitude
- 30.3105
