2002 Southern Oaks Drive Austin, TX 78745
Six commercial units with kitchens, studios, and flexible spaces.
Property Features for 2002 Southern Oaks Drive
General Information
- Standard status
- Active
- Size
- 2,780 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1982
Listing office eXp Realty, LLC (512) 522-3978
Listing date Mar 13, 2023
Source Compass
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Six commercial units (2780 leasable sf) zoned CS in a premium, central Austin location.
- Two fully permitted commercial kitchens (Units A & B) with Certificates of Occupancy, remodeled for over $100,000, suitable for ghost kitchens or catering.
- Commercial kitchens equipped with ample electrical/plumbing, walk‑in coolers, commercial ovens, Type‑2 vent hoods, and other essential equipment.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.4k | $26.04 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $69.9k | $25.15 |
| − OpEx | −$17.5k | −$6.29 |
| NOI | $52.4k | $18.87 |
