Two-Story Flex
For Sale
Contact for pricing
13326 Immanuel Road, Pflugerville, TX 78660
Climate-controlled facility combines production, warehouse, showroom, and office areas within a Business Park setting.
Property Size20,168 SF
Lot Size3.54 Acres
Price / SF$297.50
Days on Market8
Property Features for 13326 Immanuel Road
General Information
Standard status
Active
Size
20,168 SF
Class
B
Total Parking Spaces
40
Lot size
3.54 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
BP - Business Park
Occupancy
100%
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
25 ft
Conditioned Warehouse
Yes
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Amenities
conference room
kitchen
private bathrooms
Building Details
Year Built
2012
Year Renovated
2018
Buildings
1
Stories
2
Units
1
Building Size
20,168 SF
Listing Agency:
The Morshed Group
(512) 767-4254
Listed By:
Brett Silverman · License #TX 638589
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 4:45PM
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 The Morshed Group
Investment Insights
Based on property information with market context.
The 20,168 +/- SF flex facility provides a two-level configuration with climate control throughout. The ground floor includes four purpose-built clean rooms that can be reconfigured for manufacturing, assembly, laboratory, commissary, or storage functions, along with warehouse space, a potential showroom area, and a 12' automated roll-up door. Clear height reaches 25'.
The upper level is arranged for office use with six private offices, an open bullpen, conference and sitting areas, a full kitchen, and two private baths. The property occupies 3.54 acres, or approximately ±154,202 SF, at the intersection of E Howard Lane and Immanuel Road in Pflugerville. E Howard Lane carries 14,600+/- VPD, while the nearby Dessau Road corridor reports 28,000+/- VPD. The site is zoned BP - Business Park, located in a designated Opportunity Zone, and was built in 2012.
The upper level is arranged for office use with six private offices, an open bullpen, conference and sitting areas, a full kitchen, and two private baths. The property occupies 3.54 acres, or approximately ±154,202 SF, at the intersection of E Howard Lane and Immanuel Road in Pflugerville. E Howard Lane carries 14,600+/- VPD, while the nearby Dessau Road corridor reports 28,000+/- VPD. The site is zoned BP - Business Park, located in a designated Opportunity Zone, and was built in 2012.
Key Highlights
- 20,168 +/- SF two‑story flex facility on 3.54 acres
- Four reconfigurable clean rooms support production, assembly, laboratory, commissary, or storage functions
- Warehouse includes a 12' automated roll‑up door and 25' clear height
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
$480,916
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
8.02%
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%
$9,618,320
$9.6M
Cap Rate 7%
$6,870,229
$6.9M
Cap Rate 9%
$5,343,511
$5.3M
Market Conditions
NOI Build-Up for 20,168 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
$847.1K $42.00/SF
− Vacancy
−$205.8K −$10.21/SF
EGI
$641.2K $31.79/SF
− OpEx
−$160.3K −$7.95/SF
NOI
$480.9K $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 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%
$9,618,320
Cap Rate 7%
$6,870,229
Cap Rate 9%
$5,343,511
Alternative Uses
Best Use
Office B
$6.87M
$6.01M – $8.02M
NOI $480,916 @ 7.0% cap · market cap 8.02%
Second Best
Warehouse
$2.90M
$2.54M – $3.38M
NOI $203,048 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$8.43M
$7.38M – $9.84M
NOI $590,151 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78660, TX
110,955
Population
44,399
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
44.6 sq mi
ZIP Area
2,488
Density / Sq Mi
$109,522
Median Household Income
$55,927
Median Earnings
$1,769
Median Rent
$369,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled facility combines production, warehouse, showroom, and office areas within a Business Park setting.
Where is this flex space located?
The property is located at 13326 Immanuel Road Pflugerville, TX.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 20,168 +/- SF two‑story flex facility on 3.54 acres; Four reconfigurable clean rooms support production, assembly, laboratory, commissary, or storage functions; Warehouse includes a 12' automated roll‑up door and 25' clear height
