Versatile Office Space
For Sale
Contact for pricing
10815 Ranch Rd 2222, Austin, TX
Adaptable office space with private rooms and coworking area.
Property Size6,877 SF
Lot Size1.34 Acres
Price / SF$465.32
Days on Market715
Property Features for 10815 Ranch Rd 2222
General Information
Standard status
Active
Size
6,877 SF
Lot size
1.34 Acres
Property subtype
OFFICE
Listing Agency:
Don Quick & Associates, Inc.
(512) 814-1821
Listed By:
Victor L. Henry · License #TX-641285
(512) 814-1821
Source:
Moodyscre
Added: Aug 26, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:09AM
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 Don Quick & Associates, Inc.
Investment Insights
Based on property information with market context.
This office space offers a total usable area of 4,110 square feet. The minimum leasable area is approximately 2,000 square feet, with the option to rent the entire office. The floor plan includes a reception area, up to 15 private rooms, one small and one large conference room, and an open coworking area. The property is located at 10815 Ranch Rd 2222, Austin, TX.
Key Highlights
- Total usable square footage of 4,110 SF.
- Flexible lease options: approximately 2,000 SF minimum or entire office.
- Includes a receptionist area.
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
$140,090
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
4.38%
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%
$2,801,800
$2.8M
Cap Rate 7%
$2,001,286
$2.0M
Cap Rate 9%
$1,556,556
$1.6M
Market Conditions
NOI Build-Up for 6,877 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
$246.7K $35.88/SF
− Vacancy
−$60.0K −$8.72/SF
EGI
$186.8K $27.16/SF
− OpEx
−$46.7K −$6.79/SF
NOI
$140.1K $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%
$2,801,800
Cap Rate 7%
$2,001,286
Cap Rate 9%
$1,556,556
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $140,090 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,641 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Adaptable office space with private rooms and coworking area.
Where is this office units located?
The property is located at 10815 Ranch Rd 2222 Austin, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Total usable square footage of 4,110 SF.; Flexible lease options: approximately 2,000 SF minimum or entire office.; Includes a receptionist area.
