Turnkey Office Condo
For Sale
$549,000
13740 N Highway 183 #E, Austin, TX 78750
Turnkey office condo in Lake Creek Office Park with a quiet, professional work environment in Northwest Austin.
Property Size1,579 SF
Price / SF$347.69
Days on Market44
Property Features for 13740 N Highway 183 #E
General Information
Standard status
Active
Size
1,579 SF
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
Central Metro Realty
(512) 454-6873
Listed By:
Thaddeus Lindsay
Source:
Buttross
Added: Jun 24
Changed: Jul 22
Last Checked: Aug 5 at 2:21PM
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 Central Metro Realty
Investment Insights
Based on property information with market context.
This turnkey office condo suite is located within Lake Creek Office Park (The Hills complex). Offered as a professionally oriented, ready-to-operate space, the unit totals 1,579 square feet and provides an efficient footprint for small businesses, medical practices, or professional services.
The property is situated at 13740 N Highway 183 #E in Austin, TX 78750, within a developed office campus setting. The location is positioned to balance visibility to passing traffic with a more subdued atmosphere for day-to-day operations.
The property is situated at 13740 N Highway 183 #E in Austin, TX 78750, within a developed office campus setting. The location is positioned to balance visibility to passing traffic with a more subdued atmosphere for day-to-day operations.
Key Highlights
- Office condo in the Lake Creek Office Park (The Hills complex)
- Year built: 1983
- Turnkey office condo within a quiet, professional working environment
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $35.88 |
| − Vacancy | −$13.8k | −$8.72 |
| EGI | $42.9k | $27.16 |
| − OpEx | −$10.7k | −$6.79 |
| NOI | $32.2k | $20.37 |
1,579 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$459.5K
$402.1K – $536.1K
NOI $32,166 @ 7.0% cap · market cap 5.86%
Second Best
Healthcare Medical
$297.2K
$260.1K – $346.8K
NOI $20,805 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$618.8K
$541.4K – $721.9K
NOI $43,313 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office condo in Lake Creek Office Park with a quiet, professional work environment in Northwest Austin.
Where is this office units located?
The property is located at 13740 N Highway 183 #E Austin, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Office condo in the Lake Creek Office Park (The Hills complex); Year built: 1983; Turnkey office condo within a quiet, professional working environment
