2020-Constructed Flex Building with 100%
For Sale
Contact for pricing
11215 Conroy Ln, Manchaca, TX 78652
Newer flex property includes 2,300 SF of office over two floors and polished concrete with complete HVAC.
Property Size6,288 SF
Price / SF$270.36
Days on Market1082
Property Features for 11215 Conroy Ln
General Information
Standard status
Active
Size
6,288 SF
Property subtype
INDUSTRIAL
Zoning
ETJ
Amenities
Cat 6 cabling
Professional lighting
Polished concrete floors
Building Details
Year Built
2020
Listing Agency:
Dovetail Commercial Real Estate
(512) 468-5353
Listed By:
Adam Fike
(512) 574-4155
Source:
Moodyscre
Added: Nov 13, 2023
Changed: Oct 25
Last Checked: Oct 28 at 8:28AM
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 Dovetail Commercial Real Estate
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Investment Insights
Based on property information with market context.
A 6,288 SF flex building constructed in 2020 featuring an industrial loft aesthetic, polished concrete floors, and a 100% HVAC system. The interior includes 2,300 SF of office space arranged on two floors, with a lobby and office area on the ground floor (approximately 500 SF) and a mezzanine office (approximately 1,800 SF). Additional improvements include Cat 6 cabling throughout, professional lighting, and a grade A office finish out.
Located at 11215 Conroy Ln in Manchaca, TX 78652, the property is about 15 minutes from downtown Austin via I-35 and roughly 10 miles to ABIA. It is also approximately 25 minutes from San Marcos, with proximity to the South Park Meadows shopping and restaurant area and the Menchaca area.
The building’s mixed office-and-flex configuration supports businesses that need dedicated office space combined with flexible light industrial space.
Located at 11215 Conroy Ln in Manchaca, TX 78652, the property is about 15 minutes from downtown Austin via I-35 and roughly 10 miles to ABIA. It is also approximately 25 minutes from San Marcos, with proximity to the South Park Meadows shopping and restaurant area and the Menchaca area.
The building’s mixed office-and-flex configuration supports businesses that need dedicated office space combined with flexible light industrial space.
Key Highlights
- 6,288 SF flex property with 2,300 SF of office space over two floors
- 2020 construction with polished concrete floors and industrial loft aesthetic
- Includes 100% HVAC plus Cat 6 cabling throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,941
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,998,820
$3.0M
Cap Rate 7%
$2,142,014
$2.1M
Cap Rate 9%
$1,666,011
$1.7M
Market Conditions
NOI Build-Up for 6,288 SF
Gross rent
$264.1K $42.00/SF
− Vacancy
−$64.2K −$10.21/SF
EGI
$199.9K $31.79/SF
− OpEx
−$50.0K −$7.95/SF
NOI
$149.9K $23.85/SF
Area
Travis County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,998,820
Cap Rate 7%
$2,142,014
Cap Rate 9%
$1,666,011
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.50M
NOI $149,941 @ 7.0% cap · market cap 8.82%
Second Best
Industrial
$803.7K
$703.3K – $937.7K
NOI $56,261 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $183,998 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 78652, TX
5,831
Population
1,773
Households
3.3
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
11.2 sq mi
ZIP Area
521
Density / Sq Mi
$118,750
Median Household Income
$64,295
Median Earnings
$2,590
Median Rent
$480,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Newer flex property includes 2,300 SF of office over two floors and polished concrete with complete HVAC.
Where is this flex space located?
The property is located at 11215 Conroy Ln Manchaca, 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: 6,288 SF flex property with 2,300 SF of office space over two floors; 2020 construction with polished concrete floors and industrial loft aesthetic; Includes 100% HVAC plus Cat 6 cabling throughout
