Flex Industrial Portfolio with Three
For Sale
$2,850,000
13377 Fitzhugh RD, Austin, TX 78736
Three-building flex portfolio with office space, epoxy-floored warehouse areas, and fenced yard access near major Austin routes.
Property Size13,440 SF
Days on Market142
Property Features for 13377 Fitzhugh RD
General Information
Standard status
Active
Size
13,440 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$19,947
Building Details
Building Size
13,440 SF
Year Built
2008
Tenancy
Multi
Listing Agency:
Friedman Real Estate, Inc.
Listed By:
Josh Friedman · License #0451763
(512) 924-5323
Source:
Localcolorrealestateaustin
Added: Jun 4
Changed: Oct 9
Last Checked: Oct 21 at 6:54AM
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 Friedman Real Estate, Inc.
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Investment Insights
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This meticulously maintained three-building flex industrial portfolio is purposefully designed for both office and warehouse functionality. Building A includes an oversized office and reception area, a full bathroom with a shower, and currently remains leased. Building B features epoxy warehouse floors, clean-room-style wall finishes, full HVAC throughout, and a layout that can accommodate a future second-story buildout under the roof. Building C offers a fenced yard area with roll-up door access and a highly functional footprint, and it is currently leased as well. All three buildings are equipped with three-phase power, and the site uses an on-site rainwater collection system, with public water available at the street for potential future connection.
The property is located in Central Texas near major thoroughfares SH 130, I-35, and Highway 290, providing straightforward access for logistics and daily operations. Public remarks also note that the Oak Hill Parkway project is nearing completion, positioning the site as only a few stoplights from Downtown Austin and ABIA.
Recent updates reflect long-term ownership and active property management, including new lift station pumps and controls, septic maintenance, new overhead doors, upgraded insulation, HVAC enhancements, water tank replacements, and improvements to alarm and fire systems and skylights. With a mix of leased space and warehouse-ready features such as full HVAC in Building B and fenced yard capability in Building C, the portfolio can support tenants and operators seeking flexible space across multiple buildings.
The property is located in Central Texas near major thoroughfares SH 130, I-35, and Highway 290, providing straightforward access for logistics and daily operations. Public remarks also note that the Oak Hill Parkway project is nearing completion, positioning the site as only a few stoplights from Downtown Austin and ABIA.
Recent updates reflect long-term ownership and active property management, including new lift station pumps and controls, septic maintenance, new overhead doors, upgraded insulation, HVAC enhancements, water tank replacements, and improvements to alarm and fire systems and skylights. With a mix of leased space and warehouse-ready features such as full HVAC in Building B and fenced yard capability in Building C, the portfolio can support tenants and operators seeking flexible space across multiple buildings.
Key Highlights
- Three‑building flex industrial portfolio built in 2008 with office and warehouse space
- All buildings have three‑phase power; rainwater collection in use with public water available at the street for future connection
- Building A includes oversized office and reception area, full bathroom with shower, and is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,021
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,920,420
$2.9M
Cap Rate 7%
$2,086,014
$2.1M
Cap Rate 9%
$1,622,456
$1.6M
Market Conditions
NOI Build-Up for 13,440 SF
Gross rent
$200.0K $14.88/SF
− Vacancy
−$28.2K −$2.10/SF
EGI
$171.8K $12.78/SF
− OpEx
−$25.8K −$1.92/SF
NOI
$146.0K $10.86/SF
Area
Austin, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,920,420
Cap Rate 7%
$2,086,014
Cap Rate 9%
$1,622,456
Alternative Uses
Best Use
Warehouse
$2.09M
$1.83M – $2.43M
NOI $146,021 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,252 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$5.27M
$4.61M – $6.14M
NOI $368,668 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78736, TX
10,165
Population
4,539
Households
2.2
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
456
Density / Sq Mi
$100,761
Median Household Income
$52,920
Median Earnings
$1,849
Median Rent
$556,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Austin, TX
Frequently Asked Questions
What type of property is this?
Flex space - Three-building flex portfolio with office space, epoxy-floored warehouse areas, and fenced yard access near major Austin routes.
Where is this flex space located?
The property is located at 13377 Fitzhugh RD Austin, TX.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Three‑building flex industrial portfolio built in 2008 with office and warehouse space; All buildings have three‑phase power; rainwater collection in use with public water available at the street for future connection; Building A includes oversized office and reception area, full bathroom with shower, and is currently leased
