Mixed-Use Property With Two
For Sale
$950,000
306 W Stassney Ln Unit 1 & 2, Austin, TX 78745
Two updated buildings support residential occupancy, office conversion, and live-work concepts under GO-MU-NP zoning.
Property Size2,863 SF
Lot Size0.44 Acres
Price / SF$331.82
Days on Market19
Property Features for 306 W Stassney Ln Unit 1 & 2
General Information
Standard status
Active
Size
2,863 SF
Lot size
0.44 Acres
Property subtype
Commercial
Zoning
GO-MU-NP
Additional Details
Road Access
Yes
Building Details
Year Built
1946
Year Renovated
2022
Buildings
2
Listing Agency:
Compass RE Texas, LLC
Listed By:
Harrison Carr (512) 300-3622 · License #0707292
(512) 300-3622
Source:
Findahomeaustin
Added: Aug 24
Changed: Sep 10
Last Checked: Sep 11 at 11:13AM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate residential buildings updated in 2022, with current residential tenants in place. The improvements total 2,863 SF on approximately 0.44 acres and are accompanied by multiple storage buildings, additional fencing, and landscaping completed after the property photos. The buildings may be converted for office use, while the existing residential configuration provides an alternative operating format.
The property fronts W Stassney Lane at 306 W Stassney Ln in Austin, with reported traffic of 13,000 cars per day. Front parking is complemented by green space toward the rear, where additional parking or a new dwelling may be considered. GO-MU-NP zoning is identified for professional office, medical, wellness, creative studio, and live-work concepts. The property is offered with Units 1 and 2.
The property fronts W Stassney Lane at 306 W Stassney Ln in Austin, with reported traffic of 13,000 cars per day. Front parking is complemented by green space toward the rear, where additional parking or a new dwelling may be considered. GO-MU-NP zoning is identified for professional office, medical, wellness, creative studio, and live-work concepts. The property is offered with Units 1 and 2.
Key Highlights
- 0.44‑acre mixed‑use property with 2,863 SF of improvements
- Two separate residential buildings updated in 2022
- Current residential tenants in place
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
$47,669
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
5.02%
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%
$953,380
$953.4K
Cap Rate 7%
$680,986
$681.0K
Cap Rate 9%
$529,656
$529.7K
Market Conditions
NOI Build-Up for 2,863 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
$85.9K $30.00/SF
− Vacancy
−$22.3K −$7.80/SF
EGI
$63.6K $22.20/SF
− OpEx
−$15.9K −$5.55/SF
NOI
$47.7K $16.65/SF
Area
ZIP 78745
Vacancy
26.00%
Lease Rate
$30.00 /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%
$953,380
Cap Rate 7%
$680,986
Cap Rate 9%
$529,656
Alternative Uses
Best Use
Office B
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$556.5K
$486.9K – $649.2K
NOI $38,954 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,776 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two updated buildings support residential occupancy, office conversion, and live-work concepts under GO-MU-NP zoning.
Where is this mixed-use property located?
The property is located at 306 W Stassney Ln Unit 1 & 2 Austin, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 0.44‑acre mixed‑use property with 2,863 SF of improvements; Two separate residential buildings updated in 2022; Current residential tenants in place
