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 Market703
Property Features for 11402 FM 2244 Rd
General Information
Standard status
Active
Size
22,703 SF
Lot size
1.52 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Davenport Lake Austin
Properties For Sale
at 11402 FM 2244 Rd
11402 FM 2244 Rd
AVAILABLE, Now
Floor
1
Size
22,703 SF
Type
OFFICE
Sublease
Yes
High-End cafeteria
Volleyball Court
Golf Simulator
Fitness Center
Bar with tap
Virtual Reality Room
Multiple balconies
Ping pong & pool table
Contact us
Listing Agency:
CBRE | Austin
(512) 499-4900
Listed By:
W. Gaines Bagby · License #302363
(512) 499-4915
Source:
Moodyscre
Added: Nov 20, 2024
Changed: Oct 5
Last Checked: Oct 23 at 4:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$462,480
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Austin, TX
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.
