Austin Mixed-Use Commercial
For Sale
$1,700,000
6950 Us Highway 183 S, Austin, TX 78744
Versatile property on 3.644 acres, ideal for various businesses.
Property Size4,000 SF
Lot Size3.64 Acres
Price / SF$425
Days on Market109
Property Features for 6950 Us Highway 183 S
General Information
Standard status
Active
Size
4,000 SF
Lot size
3.64 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,984
Building Details
Building Size
4,000 SF
Year Built
1953
Listing Agency:
(512) 919-0297
Listed By:
Juan Sanchez
(512) 919-0297
Source:
Elliman
Added: May 14
Changed: Aug 16
Last Checked: Aug 29 at 10:37AM
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 Juan Sanchez
Investment Insights
Based on property information with market context.
This mixed-use commercial property is located in Southeast Austin, situated on approximately 3.644 acres. The fully fenced and gated site includes around 4,000 SF of improvements, expansive concrete parking and staging areas, covered workspaces, and drive-in access. It is suitable for contractors, logistics companies, automotive operations, equipment storage, fleet-based businesses, and owner-users seeking a secure and functional headquarters. The property features a custom gated entrance, multiple covered structures, and a large open yard designed for fleet parking, outdoor operations, inventory storage, or future expansion. Convenient access to major highways and Austin-Bergstrom International Airport allows efficient connectivity throughout the Austin metro area. The bike score is 21, indicating it is somewhat bikeable, while the walk score is 0, indicating car-dependent accessibility.
Key Highlights
- Large 3.644‑acre fenced and gated site ideal for various commercial uses.
- Approximately 4,000 SF of improvements including covered workspaces and drive‑in access.
- Expansive concrete parking and staging areas suitable for fleet parking and outdoor operations.
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
$66,000
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
3.88%
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%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 4,000 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
$120.0K $30.00/SF
− Vacancy
−$14.4K −$3.60/SF
EGI
$105.6K $26.40/SF
− OpEx
−$39.6K −$9.90/SF
NOI
$66.0K $16.50/SF
Area
ZIP 78744
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Mixed Use
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,723 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 78744, TX
51,048
Population
20,035
Households
2.5
Avg Household Size
31
Median Age
33%
College-Educated
77%
High-School Grad
22.6 sq mi
ZIP Area
2,259
Density / Sq Mi
$78,474
Median Household Income
$42,472
Median Earnings
$1,516
Median Rent
$307,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property on 3.644 acres, ideal for various businesses.
Where is this mixed-use property located?
The property is located at 6950 Us Highway 183 S Austin, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Large 3.644‑acre fenced and gated site ideal for various commercial uses.; Approximately 4,000 SF of improvements including covered workspaces and drive‑in access.; Expansive concrete parking and staging areas suitable for fleet parking and outdoor operations.
