Office Building with Private
For Sale
$799,240
601 Farley Dr, Austin, TX 78753
Masonry construction pairs individual work areas with shared meeting and reception space.
Property Size3,016 SF
Lot Size0.42 Acres
Price / SF$265
Days on Market8
Property Features for 601 Farley Dr
General Information
Standard status
Active
Size
3,016 SF
Total Parking Spaces
17
Lot size
0.42 Acres
Property subtype
Office Vacant-User
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
private offices
reception area
conference room
full kitchen
yard space
Prime Owner/User Opportunity: Located proximate to I-35 and the North Austin, Windsor Hills, Tech Ridge, and Georgian Acres suburbs
Within a 0.25-Mile Radius from the I-35 Frontage Road (144,606 VPD) and E Braker Lane (22,178 VPD) and I-35 Intersection
Recently Renovated with HVAC, Drainage, and Roof Repairs All Completed in the Last Five Years
Building Details
Building Size
3,016 SF
Year Built
1978
Buildings
1
Construction
masonry
Listed By:
Sharon Monagas · License #License(s): TX: 796286
(512) 338-7814
Source:
Marcusmillichap
Added: Sep 30
Last Checked: Oct 5 at 3:04PM
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 Sharon Monagas
Investment Insights
Based on property information with market context.
Built in 1978, this masonry office property contains 3,016 square feet on 0.42 acres. Its layout includes 11 private offices, a reception area, a conference room, and a full kitchen. Yard space and 17 parking spaces are also part of the property.
The building is on Farley Drive in North Austin, 0.25 miles from the I-35 and Braker Lane intersection. Its combination of private rooms and shared areas provides distinct work, meeting, and reception spaces within one office property.
The building is on Farley Drive in North Austin, 0.25 miles from the I-35 and Braker Lane intersection. Its combination of private rooms and shared areas provides distinct work, meeting, and reception spaces within one office property.
Key Highlights
- 3,016‑square‑foot office building on 0.42 acres
- 11 private offices, plus reception and conference areas
- Full kitchen and yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,439
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,780
$1.2M
Cap Rate 7%
$877,700
$877.7K
Cap Rate 9%
$682,656
$682.7K
Market Conditions
NOI Build-Up for 3,016 SF
Gross rent
$108.2K $35.88/SF
− Vacancy
−$26.3K −$8.72/SF
EGI
$81.9K $27.16/SF
− OpEx
−$20.5K −$6.79/SF
NOI
$61.4K $20.37/SF
Area
ZIP 78753
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,780
Cap Rate 7%
$877,700
Cap Rate 9%
$682,656
Alternative Uses
Best Use
Office B
$877.7K
$768.0K – $1.02M
NOI $61,439 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,731 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
Business Placement
Demographics for 78753, TX
58,761
Population
25,345
Households
2.3
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
11.3 sq mi
ZIP Area
5,200
Density / Sq Mi
$62,334
Median Household Income
$38,278
Median Earnings
$1,447
Median Rent
$344,100
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?
Office building - Masonry construction pairs individual work areas with shared meeting and reception space.
Where is this office building located?
The property is located at 601 Farley Dr Austin, TX.
What is the asking price?
The asking price for this property is $799,240.
What are key features of this property?
This property features: 3,016‑square‑foot office building on 0.42 acres; 11 private offices, plus reception and conference areas; Full kitchen and yard space
