Second-Floor Office
For Sale
$275,000
12343 Hymeadow Dr 3b, Austin, TX 78750
Second-floor workspace combines a reception area, five enclosed offices, a private restroom, and a covered outdoor patio.
Property Size1,003 SF
Price / SF$274.18
Days on Market29
Property Features for 12343 Hymeadow Dr 3b
General Information
Standard status
Active
Size
1,003 SF
Additional Details
Floor
Second floor
Amenities
covered patio
Building Details
Year Built
1995
Listing Agency:
Lone Star Appraisals & Realty
Listed By:
Chris P. Griesbach
(512) 260-1221
Source:
Austintexasrealestate
Added: Sep 9
Changed: Sep 28
Last Checked: Oct 5 at 9:34PM
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 Lone Star Appraisals & Realty
Investment Insights
Based on property information with market context.
This 1003 SF second-floor office unit at 12343 Hymeadow Dr 3B in Austin, Texas, provides a practical professional layout with a reception area, five private offices, and one private bathroom. A rear office includes a sink and cabinets, allowing it to function as office space or a breakroom. The property also includes a large covered patio, adding outdoor area to the office configuration.
The adjacent 1,988 SF unit may be acquired as part of the offering and could be owner occupied at closing. Purchasing both spaces would provide a second-floor total of 2,991 SF, creating an expanded office configuration within the same property.
The adjacent 1,988 SF unit may be acquired as part of the offering and could be owner occupied at closing. Purchasing both spaces would provide a second-floor total of 2,991 SF, creating an expanded office configuration within the same property.
Key Highlights
- 1003 SF second‑floor office unit
- Large covered patio
- Reception area, 5 private offices, and 1 private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,432
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,640
$408.6K
Cap Rate 7%
$291,886
$291.9K
Cap Rate 9%
$227,022
$227.0K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$36.0K $35.88/SF
− Vacancy
−$8.7K −$8.72/SF
EGI
$27.2K $27.16/SF
− OpEx
−$6.8K −$6.79/SF
NOI
$20.4K $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%
$408,640
Cap Rate 7%
$291,886
Cap Rate 9%
$227,022
Alternative Uses
Best Use
Office B
$291.9K
$255.4K – $340.5K
NOI $20,432 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.0K
$343.9K – $458.6K
NOI $27,513 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,918
Businesses Nearby
Explore this area
Business Placement
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor workspace combines a reception area, five enclosed offices, a private restroom, and a covered outdoor patio.
Where is this office units located?
The property is located at 12343 Hymeadow Dr 3b Austin, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1003 SF second‑floor office unit; Large covered patio; Reception area, 5 private offices, and 1 private bathroom
