Office Building with Dedicated
For Sale
$1,649,000
3400 Northland Drive, Austin, TX 78731
Office property with prominent visibility, direct access to two major thoroughfares, and 11 dedicated parking spaces.
Property Size2,788 SF
Price / SF$591.46
Days on Market1517
Property Features for 3400 Northland Drive
General Information
Standard status
Active
Size
2,788 SF
Total Parking Spaces
4
Property subtype
Commercial Sale / Mixed Use
Zoning
Neighborhood Office
Site & Location
Neighborhood
Northwest Hills
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$14,800
Building Details
Year Built
1960
Buildings
2
Listing Agency:
Moreland Properties
Listed By:
Benjamin Savrick · License #0737081
(512) 673-2024
Source:
Compass
Added: Aug 30, 2022
Changed: Oct 11
Last Checked: Oct 23 at 9:57AM
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 Moreland Properties
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Investment Insights
Based on property information with market context.
3400 Northland Drive is a 2,788-square-foot office property in Austin’s Highland Hills area. The space is positioned for daytime traffic exposure and provides prominent visibility with direct access to two major Austin thoroughfares.
The property is zoned Neighborhood Office and includes 11 dedicated parking spaces, supporting day-to-day customer and employee access. Based on the stated fit, it is well suited for creative office, professional services, or studio users seeking a highly accessible Central Austin location.
The offering is presented as a for-sale office property with a configuration intended to accommodate a range of professional and creative workspaces.
The property is zoned Neighborhood Office and includes 11 dedicated parking spaces, supporting day-to-day customer and employee access. Based on the stated fit, it is well suited for creative office, professional services, or studio users seeking a highly accessible Central Austin location.
The offering is presented as a for-sale office property with a configuration intended to accommodate a range of professional and creative workspaces.
Key Highlights
- 2,788 SF office property in Austin’s Highland Hills area
- Neighborhood Office zoning
- Direct access to two major Austin thoroughfares
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,794
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,880
$1.1M
Cap Rate 7%
$811,343
$811.3K
Cap Rate 9%
$631,044
$631.0K
Market Conditions
NOI Build-Up for 2,788 SF
Gross rent
$100.0K $35.88/SF
− Vacancy
−$24.3K −$8.72/SF
EGI
$75.7K $27.16/SF
− OpEx
−$18.9K −$6.79/SF
NOI
$56.8K $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 Rate 5%
$1,135,880
Cap Rate 7%
$811,343
Cap Rate 9%
$631,044
Alternative Uses
Best Use
Office B
$811.3K
$709.9K – $946.6K
NOI $56,794 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$956.0K – $1.27M
NOI $76,477 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 78731, TX
27,240
Population
14,939
Households
1.8
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
8.7 sq mi
ZIP Area
3,131
Density / Sq Mi
$102,886
Median Household Income
$69,232
Median Earnings
$1,673
Median Rent
$839,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office building - Office property with prominent visibility, direct access to two major thoroughfares, and 11 dedicated parking spaces.
Where is this office building located?
The property is located at 3400 Northland Drive Austin, TX.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 2,788 SF office property in Austin’s Highland Hills area; Neighborhood Office zoning; Direct access to two major Austin thoroughfares
