Professional Building on Large Corner
For Sale
Contact for pricing
13066 Research Blvd, Austin, TX 78750
Pristine 2,490 SF building on .70 acres with GR Zoning.
Property Size2,490 SF
Lot Size0.70 Acres
Price / SF$702.81
Days on Market979
Property Features for 13066 Research Blvd
General Information
Standard status
Active
Size
2,490 SF
Lot size
0.70 Acres
Property subtype
Office, Special Purpose
Zoning
GB
Investment Type
Owner/User
Listing Agency:
Don Quick & Associates Inc
(512) 255-3000
Listed By:
Darren Quick · License #TX 443913
Source:
Crexi
Added: Dec 6, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:02AM
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 Don Quick & Associates Inc
Investment Insights
Based on property information with market context.
This 2,490 square foot building is situated on a 0.70-acre lot with GR Zoning. The property is a professional building in pristine condition, showcasing architectural craftsman highlights. Located on a large corner lot at 183 South Frontage Road and Oceanaire Blvd, adjacent to Balcones Country Club, it offers freeway visibility. The property could serve as an executive headquarters for various professional businesses, including tech and design firms, attorneys, and accountants, or as a retail opportunity, featuring both private rooms and an open collaborative area. It includes an abundance of parking for clients and staff, with easy access to Loop 360, Mopac, Hwy 620, and the Northwest Austin Tech Corridor. The former bank building retains its original bank vault. The building benefits from natural light, vaulted ceilings, two entrances, and landscaped grounds. The location offers frontage on the South bound 183 service road, between McNeil and Anderson Mill Road exits, with side street access and both front and back parking lots.
Key Highlights
- High visibility corner lot location on 183 South Frontage Road, adjacent to Balcones Country Club.
- Versatile GR Zoning suitable for professional offices (tech, design, legal, accounting) or retail.
- Pristine, architecturally distinctive 2,490 SF building with craftsman details.**
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
$50,723
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
2.90%
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%
$1,014,460
$1.0M
Cap Rate 7%
$724,614
$724.6K
Cap Rate 9%
$563,589
$563.6K
Market Conditions
NOI Build-Up for 2,490 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
$89.3K $35.88/SF
− Vacancy
−$21.7K −$8.72/SF
EGI
$67.6K $27.16/SF
− OpEx
−$16.9K −$6.79/SF
NOI
$50.7K $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 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%
$1,014,460
Cap Rate 7%
$724,614
Cap Rate 9%
$563,589
Alternative Uses
Best Use
Office B
$724.6K
$634.0K – $845.4K
NOI $50,723 @ 7.0% cap · market cap 2.90%
Second Best
Specialty Retail
$671.1K
$587.2K – $782.9K
NOI $46,976 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$975.7K
$853.8K – $1.14M
NOI $68,302 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,777
Businesses Nearby
Explore this area
Business Placement
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
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 building - Pristine 2,490 SF building on .70 acres with GR Zoning.
Where is this office building located?
The property is located at 13066 Research Blvd Austin, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: High visibility corner lot location on 183 South Frontage Road, adjacent to Balcones Country Club.; Versatile GR Zoning suitable for professional offices (tech, design, legal, accounting) or retail.; Pristine, architecturally distinctive 2,490 SF building with craftsman details.**
