Office Condo in Business
For Sale
$549,000
13740 N Highway 183 E, Austin, TX 78750
Professional office condominium within Lake Creek Office Park in Northwest Austin.
Property Size1,579 SF
Price / SF$347.69
Days on Market89
Property Features for 13740 N Highway 183 E
General Information
Standard status
Active
Size
1,579 SF
Building Details
Year Built
1983
Listing Agency:
Central Metro Realty
Listed By:
Thaddeus Lindsay
(512) 454-6873
Source:
Olverabolton
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 4:33PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,579-square-foot office condominium was built in 1983 and is located within Lake Creek Office Park, also identified as The Hills complex. The property offers a dedicated commercial setting for office-based operations, medical practice, or professional services use.
The office is positioned at 13740 N Highway 183 E in Austin, Texas, within the Northwest Austin business area. Its placement combines an established office-park environment with access to a major highway corridor.
The office is positioned at 13740 N Highway 183 E in Austin, Texas, within the Northwest Austin business area. Its placement combines an established office-park environment with access to a major highway corridor.
Key Highlights
- 1,579‑square‑foot office condominium
- Located in Lake Creek Office Park, also known as The Hills complex
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,166
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,320
$643.3K
Cap Rate 7%
$459,514
$459.5K
Cap Rate 9%
$357,400
$357.4K
Market Conditions
NOI Build-Up for 1,579 SF
Gross rent
$56.7K $35.88/SF
− Vacancy
−$13.8K −$8.72/SF
EGI
$42.9K $27.16/SF
− OpEx
−$10.7K −$6.79/SF
NOI
$32.2K $20.37/SF
Area
Austin, TX
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%
$643,320
Cap Rate 7%
$459,514
Cap Rate 9%
$357,400
Alternative Uses
Best Use
Office B
$459.5K
$402.1K – $536.1K
NOI $32,166 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,888
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office units - Professional office condominium within Lake Creek Office Park 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: 1,579‑square‑foot office condominium; Located in Lake Creek Office Park, also known as The Hills complex; Built in 1983
