Ground-Floor Retail Office
For Sale
Contact for pricing
1808 Aldrich St, Austin, TX 78723
Ground-floor commercial space with designated garage parking and strong visibility on Aldrich Street.
Property Size3,428 SF
Price / SF$449.24
Days on Market498
Property Features for 1808 Aldrich St
General Information
Standard status
Active
Size
3,428 SF
Property subtype
OFFICE
Amenities
designated garage parking
Listing Agency:
Sayers Real Estate Advisors
(512) 897-3075
Listed By:
Paul Byars, CCIM · License #728554
(512) 694-0878
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Jul 28
Last Checked: Jul 30 at 2:33PM
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 Sayers Real Estate Advisors
Investment Insights
Based on property information with market context.
This ground-floor commercial space is located within the Mueller Town Center and is suited for office users seeking street-facing presence. The offering includes designated garage parking, supporting convenient day-to-day access for staff and visitors.
The property is positioned for visibility on Aldrich St and is within walking distance to more than 15 restaurants, as well as the Mueller Farmers Market on Sundays. The seller notes potential for SBA financing, which may be helpful for qualified buyers.
Overall, it’s a ground-level, visibility-focused space in a dense neighborhood center, with parking provided via designated garage spaces.
The property is positioned for visibility on Aldrich St and is within walking distance to more than 15 restaurants, as well as the Mueller Farmers Market on Sundays. The seller notes potential for SBA financing, which may be helpful for qualified buyers.
Overall, it’s a ground-level, visibility-focused space in a dense neighborhood center, with parking provided via designated garage spaces.
Key Highlights
- Ground‑floor commercial space in the Mueller Town Center
- Premier visibility on Aldrich St
- Walking distance to over 15 restaurants and the Mueller Farmers Market (Sundays)
Financial Insights For Office B
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 | $123.0k | $35.88 |
| − Vacancy | −$29.9k | −$8.72 |
| EGI | $93.1k | $27.16 |
| − OpEx | −$23.3k | −$6.79 |
| NOI | $69.8k | $20.37 |
3,428 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$997.6K
$872.9K – $1.16M
NOI $69,831 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,032 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Explore this area
Business Placement
Demographics for 78723, TX
34,522
Population
17,065
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,862
Density / Sq Mi
$87,978
Median Household Income
$54,769
Median Earnings
$1,478
Median Rent
$513,500
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 - Ground-floor commercial space with designated garage parking and strong visibility on Aldrich Street.
Where is this office units located?
The property is located at 1808 Aldrich St Austin, TX.
What is the asking price?
The asking price for this property is $1,540,000.
What are key features of this property?
This property features: Ground‑floor commercial space in the Mueller Town Center; Premier visibility on Aldrich St; Walking distance to over 15 restaurants and the Mueller Farmers Market (Sundays)
