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    Flex Industrial Portfolio with Three Buildings Title is generated by Realmo AI

    13377 Fitzhugh Rd, Austin, TX 78736

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    For Sale
    $2,850,000

    Three-building flex portfolio with office space, epoxy-floored warehouse areas, and fenced yard access near major Austin routes.

    Type:Industrial
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 4:09 am

    Property Features for 13377 Fitzhugh Rd

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2008

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    Listing Contact
    Josh Friedman
    Josh Friedman

    Listing agent Josh Friedman License #0451763

    Listing office Friedman Real Estate, Inc.

    Listing date Jun 4, 2026

    Source Elliman

    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.

    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
    • Building B features epoxy warehouse floors, clean‑room‑style wall finishes, full HVAC, and an option to accommodate future second‑story buildout under roof
    • Building C includes a fenced yard area and roll‑up door access and is currently leased
    • Recent improvements include new lift station pumps and controls, septic maintenance, new overhead doors, insulation upgrades, HVAC enhancements, water tank replacements, alarm/fire systems, and replacement skylights

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Nine Banded Whiskey Brewery & Distillery Jesse James Firearms ... Department Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -98.003921
    Latitude
    30.2331224

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    FAQs

    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
    (512) 924-5323
    We can help!
    Listing Contact
    Josh Friedman
    Josh Friedman
    Real Estate License ID: 0451763
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    13377 Fitzhugh Rd, Austin, TX 78736
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