Flex Property with
New
For Sale
$2,999,000
8231 Burnet Rd, Austin, TX 78757
Naturally lit commercial space combines showroom, offices, warehouse capacity, and a fenced rear service area.
Property Size9,784 SF
Days on Market4
Property Features for 8231 Burnet Rd
General Information
Standard status
Active
Size
9,784 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
needs HVAC replacement and electrical repairs
Additional Details
Fenced Yard
Yes
Warehouse Space
2,200 SF
Taxes and HOA fees
Annual Taxes
$26,604
Building Details
Building Size
9,784 SF
Year Built
1968
Listing Agency:
(512) 589-9696
Listed By:
Chris Hinkle
(512) 589-9696
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 24 at 8:03AM
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 Chris Hinkle
Investment Insights
Based on property information with market context.
This 1968 flex property at 8231 Burnet Rd combines a bright, open showroom with multiple office-sized rooms and substantial back-of-house space. The rear warehouse measures approximately 2,200 sq. ft. and is equipped with three double roll-up doors. A separate approximately 1,920 sq. ft. second floor provides storage and mechanical areas, while the fenced rear section supports service and storage functions.
The property offers access suitable for routine 18-wheeler deliveries and a property line that extends to the neighboring Custom Sounds wall. Walk Score is 75, placing the site in the Very Walkable category; Bike Score is 86, or Very Bikeable, and Transit Score is 48, classified as Some Transit. HVAC replacement and electrical repairs are needed, creating a renovation component for continued commercial use or redevelopment.
The property offers access suitable for routine 18-wheeler deliveries and a property line that extends to the neighboring Custom Sounds wall. Walk Score is 75, placing the site in the Very Walkable category; Bike Score is 86, or Very Bikeable, and Transit Score is 48, classified as Some Transit. HVAC replacement and electrical repairs are needed, creating a renovation component for continued commercial use or redevelopment.
Key Highlights
- Approximately 2,200 sq. ft. rear warehouse with three double roll‑up doors
- Approximately 1,920 sq. ft. second floor for storage and mechanical space
- Open showroom with natural light and several office‑sized rooms
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
$172,279
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
5.74%
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%
$3,445,580
$3.4M
Cap Rate 7%
$2,461,129
$2.5M
Cap Rate 9%
$1,914,211
$1.9M
Market Conditions
NOI Build-Up for 9,784 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
$254.8K $26.04/SF
− Vacancy
−$8.7K −$0.89/SF
EGI
$246.1K $25.15/SF
− OpEx
−$73.8K −$7.55/SF
NOI
$172.3K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$3,445,580
Cap Rate 7%
$2,461,129
Cap Rate 9%
$1,914,211
Alternative Uses
Best Use
Retail
$2.46M
$2.15M – $2.87M
NOI $172,279 @ 7.0% cap · market cap 5.74%
Second Best
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,300 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,382 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78757, TX
23,847
Population
11,930
Households
2
Avg Household Size
37
Median Age
68%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
4,769
Density / Sq Mi
$104,946
Median Household Income
$65,886
Median Earnings
$1,661
Median Rent
$629,500
Median Home Value
Market
Vacancy Rate% for Industrial in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Naturally lit commercial space combines showroom, offices, warehouse capacity, and a fenced rear service area.
Where is this flex space located?
The property is located at 8231 Burnet Rd Austin, TX.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Approximately 2,200 sq. ft. rear warehouse with three double roll‑up doors; Approximately 1,920 sq. ft. second floor for storage and mechanical space; Open showroom with natural light and several office‑sized rooms
