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    14510 Fitzhugh Rd, Unit 1 Austin, TX 78736

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    For Lease
    $15 SF/Yr

    Customizable flex space in rapidly developing Fitzhugh Park.

    Lot size:
    10.00 Acres

    Property Features for 14510 Fitzhugh Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    10.00 Acres

    Building Details

    Year built
    2025

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    Listing Contact
    Josh Friedman
    Josh Friedman
    Source: Elliman

    Listing Agency: Friedman Real Estate Austin Listing Agent: Josh Friedman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Class A Flex Space Available

    Located in Fitzhugh Park, this property offers an opportunity to operate a business in a Class A flex park. The space features expansive glass lines that provide natural light and views of Live Oak trees. The development was designed to preserve the trees, blending nature and architecture. The space is customizable with storefronts and access doors, suitable for retail, office, warehouse, fitness studio, packaging, light manufacturing, tasting room, art studio, or car storage. The property includes ample parking, underground utilities, high-speed fiber internet, and low-maintenance exteriors. Situated on Fitzhugh Road, the property is located in a rapidly developing area, near communities and attractions. Upon completion of road construction at the Y in Oak Hill (290/71), the property will be a 15-minute drive from Downtown Austin and the Austin airport. The property offers spaces ranging from approximately 2,000 to 40,000 square feet, with additional square footage available in future phases. Purchase opportunities are also available, offering size options from approximately 2,000 square feet up to several hundred thousand square feet.
    Location Intelligence

    Current Use by Public Records

    Gardien Storage Facility Texas Sun & Shade (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Department Store Kitchen & Bath Showroom Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ciao Chow Catering

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -98.011144
    Latitude
    30.242319

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    FAQs

    What type of property is this?
    Flex space - Customizable flex space in rapidly developing Fitzhugh Park.
    Where is this flex space located?
    The property is located at 14510 Fitzhugh Rd, Unit 1 Austin, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Flexible space suitable for retail, office, warehouse, fitness, manufacturing, or art studio.; - Located in Fitzhugh Park, a Class A flex park west of I-35.; - Ample parking, underground utilities, and high-speed fiber internet.
    (512) 892-9934
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    14510 Fitzhugh Rd, Unit 1 Austin, TX 78736
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    Austin, TX 78736
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14510 Fitzhugh Rd, Unit 1 Austin, TX 78736
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    We can help!
    Listing Contact
    Josh Friedman
    Josh Friedman
    Real Estate License ID: 0451763
    (512) 892-9934 (512) 924-5323
    Learn more
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