Professional Office
For Sale
$549,000
13740 N Highway 183 Unit E, Austin, TX 78750
Office condominium located within Lake Creek Office Park in Austin.
Property Size1,579 SF
Days on Market123
Property Features for 13740 N Highway 183 Unit E
General Information
Standard status
Active
Size
1,579 SF
Property subtype
Business
Site & Location
Neighborhood
Anderson Mill
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,740
Building Details
Building Size
1,579 SF
Year Built
1983
Listing Agency:
Central Metro Realty
Listed By:
Thaddeus Lindsay
(512) 454-6873
Source:
Teamwestre
Added: Jun 24
Changed: Oct 20
Last Checked: Oct 23 at 4:52PM
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
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Investment Insights
Based on property information with market context.
This office condominium is located in Lake Creek Office Park, also identified as The Hills complex. The property is positioned at 13740 N Highway 183, Unit E, in Austin, Texas, providing a professional office setting for businesses, medical practices, and professional services firms. Built in 1983, the unit offers a defined office ownership opportunity within an established commercial development.
Key Highlights
- Office condominium in Lake Creek Office Park
- Located at 13740 N Highway 183, Unit E, Austin, TX 78750
- 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.
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Current Use
Lease Details
Yes
Highway access
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
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium located within Lake Creek Office Park in Austin.
Where is this office unit located?
The property is located at 13740 N Highway 183 Unit 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 condominium in Lake Creek Office Park; Located at 13740 N Highway 183, Unit E, Austin, TX 78750; Built in 1983
