Two-Story Flex Space
New
For Sale
$550,000
109 E 11TH St, Taylor, TX 76574
Improved two-story commercial property configured for office use, with additional uses subject to city approval.
Property Size3,176 SF
Days on Market2
Property Features for 109 E 11TH St
General Information
Standard status
Active
Size
3,176 SF
Property subtype
Commercial
Additional Details
Office Units
1
Building Details
Building Size
3,176 SF
Year Built
1970
Buildings
1
Stories
2
Listed By:
David Randazzo
(512) 636-4260
Source:
Elliman
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 22 at 1:38PM
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 David Randazzo
Investment Insights
Based on property information with market context.
Located at 109 E 11th St in Taylor, this two-story, single-unit flex space property was built in 1970 and is configured for office-oriented use. The building has received reported improvements during 2023 and 2024, offering an updated base for an owner-occupant or investor evaluating the property.
The site is near Taylor’s historic downtown and provides access to the broader Austin area. Potential complementary storage or workspace uses remain subject to city approval, and buyers should independently verify building square footage, zoning, permitted uses, improvements, and other property details. Walk Score is 39, while Bike Score is 37, rated Somewhat Bikeable.
The site is near Taylor’s historic downtown and provides access to the broader Austin area. Potential complementary storage or workspace uses remain subject to city approval, and buyers should independently verify building square footage, zoning, permitted uses, improvements, and other property details. Walk Score is 39, while Bike Score is 37, rated Somewhat Bikeable.
Key Highlights
- Two‑story, single‑unit commercial building
- Flex space configured for office use
- Built in 1970
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
$28,417
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
5.17%
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%
$568,340
$568.3K
Cap Rate 7%
$405,957
$406.0K
Cap Rate 9%
$315,744
$315.7K
Market Conditions
NOI Build-Up for 3,176 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
$47.3K $14.88/SF
− Vacancy
−$6.7K −$2.10/SF
EGI
$40.6K $12.78/SF
− OpEx
−$12.2K −$3.83/SF
NOI
$28.4K $8.95/SF
Area
Williamson County, TX
Vacancy
14.10%
Lease Rate
$14.88 /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%
$568,340
Cap Rate 7%
$405,957
Cap Rate 9%
$315,744
Alternative Uses
Best Use
Office B
$1.08M
$946.7K – $1.26M
NOI $75,733 @ 7.0% cap · market cap 13.77%
Second Best
Industrial
$406.0K
$355.2K – $473.6K
NOI $28,417 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,935 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76574, TX
19,366
Population
8,458
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
149.0 sq mi
ZIP Area
130
Density / Sq Mi
$72,805
Median Household Income
$40,994
Median Earnings
$1,167
Median Rent
$252,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Improved two-story commercial property configured for office use, with additional uses subject to city approval.
Where is this flex space located?
The property is located at 109 E 11TH St Taylor, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑story, single‑unit commercial building; Flex space configured for office use; Built in 1970
