Austin Industrial/Flex Investment
For Sale
$1,495,000
Pending
14121 W US-290 Hwy Bldg C Units 1 & 2, Austin, TX 78737
Income-producing industrial/flex space for sale in Austin, Texas.
Property Size5,250 SF
Lot Size14.44 Acres
Days on Market267
Property Features for 14121 W US-290 Hwy Bldg C Units 1 & 2
General Information
Standard status
Pending
Size
5,250 SF
Lot size
14.44 Acres
Property subtype
Industrial
Building Details
Building Size
5,250 SF
Year Built
2003
Listing Agency:
Stanberry REALTORS
(512) 422-5677
Listed By:
Cathy Coneway · License #492342
(512) 422-5677
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 21 at 10:14AM
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 Stanberry REALTORS
Investment Insights
Based on property information with market context.
This industrial/flex space is an income-producing investment opportunity located in Austin, Texas. Building 3 is one of 13 buildings situated on over 14 acres of land between Austin and Dripping Springs. The property features 5,250 square feet of space that is fully climate controlled. It includes 10 parking spaces and is divided into two units (3A & 3B), with the option to remove the wall and create a single unit. The property offers convenient access to Highway 290 via a shared driveway. Further information on income can be provided upon submission of a Letter of Intent (LOI) or non-disclosure form.
Key Highlights
- Income‑producing industrial/flex investment opportunity.
- Located in Austin, Texas, between Austin and Dripping Springs.
- 5,250 SF of 100% climate‑controlled space.**
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
$46,974
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
3.14%
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%
$939,480
$939.5K
Cap Rate 7%
$671,057
$671.1K
Cap Rate 9%
$521,933
$521.9K
Market Conditions
NOI Build-Up for 5,250 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
$78.1K $14.88/SF
− Vacancy
−$11.0K −$2.10/SF
EGI
$67.1K $12.78/SF
− OpEx
−$20.1K −$3.83/SF
NOI
$47.0K $8.95/SF
Area
Austin, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
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%
$939,480
Cap Rate 7%
$671,057
Cap Rate 9%
$521,933
Alternative Uses
Best Use
Industrial
$671.1K
$587.2K – $782.9K
NOI $46,974 @ 7.0% cap · market cap 3.14%
Second Best
Flex RnD
$623.1K
$545.2K – $727.0K
NOI $43,618 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,011 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78737, TX
20,996
Population
8,895
Households
2.4
Avg Household Size
41
Median Age
64%
College-Educated
99%
High-School Grad
36.4 sq mi
ZIP Area
577
Density / Sq Mi
$164,066
Median Household Income
$86,900
Median Earnings
$2,176
Median Rent
$689,200
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Income-producing industrial/flex space for sale in Austin, Texas.
Where is this flex space located?
The property is located at 14121 W US-290 Hwy Bldg C Units 1 & 2 Austin, TX.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Income‑producing industrial/flex investment opportunity.; Located in Austin, Texas, between Austin and Dripping Springs.; 5,250 SF of 100% climate‑controlled space.**
