Prime Office Space Investment
For Sale
$720,000
13740 RESEARCH Blvd Bldg S, Austin, TX 78750
Well-maintained office park near Hwy 183, excellent investment opportunity.
Property Size3,200 SF
Lot Size1.00 Acre
Days on Market326
Property Features for 13740 RESEARCH Blvd Bldg S
General Information
Standard status
Active
Size
3,200 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Building Size
3,200 SF
Year Built
1983
Listing Agency:
Peridot Realty Group
Listed By:
Sally Decelis · License #0596816
(512) 791-7419
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 10
Last Checked: Aug 25 at 4:11AM
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 Peridot Realty Group
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Investment Insights
Based on property information with market context.
Located in Lake Creek Office Park near Hwy 183 and Lake Creek Pkwy, this property offers a professional space with ample parking for employees and clients. The property is situated near the southwest quadrant of the interchange of 45 (620) and 183 (Research Blvd), with walking distance to a variety of restaurants. The property includes two units connected into one unit with a long-term tenant, and two other connected units also with a long-term tenant. Each unit has its own HVAC system and separate meters; there is no gas on the property. Currently rented between one and four years, the property presents an investment opportunity. The Lake Creek Office Condo Park HOA fees cover nearly all exterior maintenance and insurance.
Key Highlights
- Prime location near Hwy 183 & Lake Creek Pkwy, close to the interchange of 45 (620) and 183 (Research Blvd) in NW Austin.
- Excellent investment opportunity with long‑term tenants already in place.
- Ample parking available for employees and clients.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,187
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,740
$1.3M
Cap Rate 7%
$931,243
$931.2K
Cap Rate 9%
$724,300
$724.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$114.8K $35.88/SF
− Vacancy
−$27.9K −$8.72/SF
EGI
$86.9K $27.16/SF
− OpEx
−$21.7K −$6.79/SF
NOI
$65.2K $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%
$1,303,740
Cap Rate 7%
$931,243
Cap Rate 9%
$724,300
Alternative Uses
Best Use
Office B
$931.2K
$814.8K – $1.09M
NOI $65,187 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,778 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,298
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
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office park near Hwy 183, excellent investment opportunity.
Where is this office units located?
The property is located at 13740 RESEARCH Blvd Bldg S Austin, TX.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Prime location near Hwy 183 & Lake Creek Pkwy, close to the interchange of 45 (620) and 183 (Research Blvd) in NW Austin.; Excellent investment opportunity with long‑term tenants already in place.; Ample parking available for employees and clients.
