Renovated Office
For Sale
$495,000
12343 Hymeadow Dr 3c & 3e, Austin, TX 78750
Turnkey, renovated office suite with an open layout, updated flooring, paint, and lighting, plus ample parking and major-road access.
Property Size1,988 SF
Price / SF$248.99
Days on Market101
Property Features for 12343 Hymeadow Dr 3c & 3e
General Information
Standard status
Active
Size
1,988 SF
Site & Location
Neighborhood
Anderson Mill
Building Details
Year Built
1995
Listing Agency:
Lone Star Appraisals & Realty
Listed By:
Chris P. Griesbach
(512) 426-0087
Source:
Cityviewtx
Added: Jul 27
Changed: Oct 26
Last Checked: Nov 3 at 8:43AM
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
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Investment Insights
Based on property information with market context.
This renovated office suite offers an open floor plan designed for a clean, professional work environment. Recent upgrades include new flooring, fresh paint, and updated lighting. The layout provides flexibility for a range of office configurations, including private offices, collaborative work areas, or client-facing operations.
The suite is positioned with convenient access to major roads and includes ample parking. It also has proximity to dining and retail.
The property is listed as unit 3C & 3E, and the remarks note options to purchase an adjacent 1,003 sf unit for additional space or buy the entire second floor totaling 2,991 sf.
The suite is positioned with convenient access to major roads and includes ample parking. It also has proximity to dining and retail.
The property is listed as unit 3C & 3E, and the remarks note options to purchase an adjacent 1,003 sf unit for additional space or buy the entire second floor totaling 2,991 sf.
Key Highlights
- 1995‑built office suite with a renovated interior and updated finishes throughout
- Open floor plan with bright natural light
- Recent upgrades include new flooring, fresh paint, and updated lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,497
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,940
$809.9K
Cap Rate 7%
$578,529
$578.5K
Cap Rate 9%
$449,967
$450.0K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$71.3K $35.88/SF
− Vacancy
−$17.3K −$8.72/SF
EGI
$54.0K $27.16/SF
− OpEx
−$13.5K −$6.79/SF
NOI
$40.5K $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%
$809,940
Cap Rate 7%
$578,529
Cap Rate 9%
$449,967
Alternative Uses
Best Use
Office B
$578.5K
$506.2K – $675.0K
NOI $40,497 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$779.0K
$681.7K – $908.9K
NOI $54,532 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,918
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey, renovated office suite with an open layout, updated flooring, paint, and lighting, plus ample parking and major-road access.
Where is this office unit located?
The property is located at 12343 Hymeadow Dr 3c & 3e Austin, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1995‑built office suite with a renovated interior and updated finishes throughout; Open floor plan with bright natural light; Recent upgrades include new flooring, fresh paint, and updated lighting
