Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    401 South 1st Street Austin, TX 78704

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $29 SF/Yr

    New construction office space with high-quality amenities in Austin.

    Type:Office
    Property size:
    7,238 SF
    Added:
    Mar 25, 2026
    Days on Market:
    8
    Last Refresh:
    Mar 18 at 8:55 am

    Property Features for 401 South 1st Street

    General Information

    Standard status
    Active
    Size
    7,238 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Nate Stricklen

    Listing agent Nate Stricklen

    Listing office CBRE | Austin

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Austin

    Overview

    New Construction Office Space Available

    This new construction building, located steps away from downtown Austin, offers office space for rent. The property features amenities including a green roof, bike valet and storage, and 24/7 security. Residents have access to a 15th-floor sky lounge and an amenity floor that includes a gym with lockers and showers. The property is LEED Gold certified and has a brand new build-out in suite. The property size is 7238 square feet.
    Location Intelligence

    Current Use by Public Records

    THE AGENCY AUSTIN Real Estate Agency Stream Realty Partners, ... Real Estate Agency Peak Parking Parking Lot & Garage Spire Consulting Group, ... Building Consultant Hudson River Trading Bank

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.750118
    Latitude
    30.256941

    Nearby Similar for Lease

    • Contact for pricing

      East Austin Commercial Space Available

      Flexible commercial space with parking in vibrant East Austin.
      1901 E 12th ST, Austin, TX 78702
      View Details
    • Contact for pricing

      Renovated Commercial Space with Yard

      Adaptable 2,342 SF commercial space with outdoor area in Austin.
      2008 E 12th ST, Austin, TX 78702
      View Details
    • $40/mo

      South Austin Restaurant Space Available

      Prime restaurant space in 78704 with heavy foot traffic.
      Austin, TX 78704
      View Details
    • $15/mo

      Versatile Industrial/Showroom Space Available

      5,500 SF flex space in established Austin industrial area.
      Austin, TX 78758
      View Details
    • $14/mo

      Austin Manufacturing Space For Lease

      Manufacturing space available for lease in two stand-alone buildings.
      1916 Hydro Dr & 13803 Dragline Dr, Austin, TX 78728
      View Details
    • Contact for pricing

      Arboretum Plaza

      9442 Plz 1, Unit 500, Austin, TX 78759
      View Details
    • Contact for pricing

      TX, Austin- Westview

      316 12Th St, Unit 4TH, Austin, TX 78701
      View Details
    • $18/mo

      Four Points Location with Open Floorplan

      Office space in Four Points with open floor plan.
      Austin, TX 78730
      View Details
    • Contact for pricing

      Spaces 111 Congress

      111 Congress Ave, Unit 500, Austin, TX 78701
      View Details
    • Sponsored
      Contact for pricing

      Barton Springs

      901 Mo Pac Expy, Unit 1, Austin, TX 78746
      View Details
    • Sponsored
      Contact for pricing

      Aspen Lake One

      13785 Research Blvd, Unit 125, Austin, TX 78750
      View Details
    • Contact for pricing

      Lamar Central

      3800 Lamar Blvd, Unit 200, Austin, TX 78756
      View Details

    FAQs

    What type of property is this?
    Office building - New construction office space with high-quality amenities in Austin.
    Where is this office building located?
    The property is located at 401 South 1st Street Austin, TX.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: New construction steps away from downtown Austin; High‑quality amenities including a green roof, bike valet & storage, and 24/7 security; Access to a 15th‑floor sky lounge
    (512) 499-4921
    We can help!
    Listing Contact
    Nate Stricklen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!