Turn-Key Office Condo
For Sale
Contact for pricing
12801 Anderson Mill Rd, Austin, TX 78726
Move-in-ready office condos in Cedar Park, TX.
Property Size4,800 SF
Price / SF$389.30
Days on Market489
Property Features for 12801 Anderson Mill Rd
General Information
Standard status
Active
Size
4,800 SF
Class
B
Property subtype
Office
Zoning
Neighborhood Business
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$130,804
Building Details
Year Built
2022
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Commercial Market Exchange
Listed By:
Bailey Morse · License #TX 776559
(512) 630-9888
Source:
Crexi
Added: May 6, 2025
Changed: Sep 4
Last Checked: Sep 2 at 4:59PM
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 Commercial Market Exchange
Investment Insights
Based on property information with market context.
Located in Cedar Park, TX, Volente Crossing Condo Park offers newly finished, turn-key office condo units for sale or lease. The location provides accessibility to both Austin and Cedar Park, situated 1 mile from FM 620 and less than a mile from Cypress Creek Road. The available units range in size from 1,189 to 4,796 square feet, and can be combined to create a maximum space of 4,796 square feet. These move-in-ready units feature a flexible layout that includes multiple private offices, a break area, a conference room, and a large open office area. Each unit is finished with modern design elements and includes windows in every office. Pad sites are also available for purchase. These zero lot line pads are site planned for a 4,800 square foot office building, offering potential cost savings compared to purchasing a completed building. The entire site is available for sale, presenting a development opportunity with existing cash flows. The site is approved for ten 4,800 square foot buildings, with three already completed. This property is designed to cater to office users seeking a premium work environment.
Key Highlights
- Move‑in‑ready, turn‑key office condo units available for sale or lease.
- Ideally situated in Cedar Park, TX, with great accessibility to both Austin and Cedar Park.
- Flexible layout with multiple private offices, break area, conference room, and large open office area.
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
$97,780
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
5.23%
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%
$1,955,600
$2.0M
Cap Rate 7%
$1,396,857
$1.4M
Cap Rate 9%
$1,086,444
$1.1M
Market Conditions
NOI Build-Up for 4,800 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
$172.2K $35.88/SF
− Vacancy
−$41.9K −$8.72/SF
EGI
$130.4K $27.16/SF
− OpEx
−$32.6K −$6.79/SF
NOI
$97.8K $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 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%
$1,955,600
Cap Rate 7%
$1,396,857
Cap Rate 9%
$1,086,444
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,780 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,667 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 78726, TX
15,618
Population
6,325
Households
2.5
Avg Household Size
34
Median Age
63%
College-Educated
99%
High-School Grad
11.6 sq mi
ZIP Area
1,346
Density / Sq Mi
$92,275
Median Household Income
$59,871
Median Earnings
$1,690
Median Rent
$648,500
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready office condos in Cedar Park, TX.
Where is this office units located?
The property is located at 12801 Anderson Mill Rd Austin, TX.
What is the asking price?
The asking price for this property is $1,868,628.
What are key features of this property?
This property features: Move‑in‑ready, turn‑key office condo units available for sale or lease.; Ideally situated in Cedar Park, TX, with great accessibility to both Austin and Cedar Park.; Flexible layout with multiple private offices, break area, conference room, and large open office area.
