Prime Office Space Near Hwy
13740 HWY 183 Austin, TX 78750
13740 HWY 183, Austin, TX, 78750
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For Sale
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Well-maintained office space near Hwy 183 & Lake Creek Pkwy.
Property Size1,600 SF
Price / SF$225
Days on Market62
Property Features for 13740 HWY 183
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing Agency
Peridot Realty Group
(512) 791-7419
Listed by
Sally Decelis · License #0596816
Source
Crexi
Added: May 17 Checked: Jul 16 at 7:39 am
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
Investment Insights
Based on property information with market context.
Located in Lake Creek Office Park near Hwy 183 and Lake Creek Pkwy, this commercial property offers approximately 1600 square feet of professional space, consisting of two connected units. The location is near the southwest quadrant of the interchange of 45 (620) and 183 (Research Blvd), with walking distance to a variety of restaurants. Each unit features its own HVAC system and separate meters. The property has no gas. Ample parking is available for employees and clients. The Lake Creek Office Condo Park HOA fees cover nearly all exterior maintenance and insurance. The current tenant would like to leave late in the third quarter of 2026.
Key Highlights
- Prime location near Hwy 183 & Lake Creek Pkwy and the interchange of 45 (620) and 183 (Research Blvd) in NW Austin.
- Two connected units totaling approximately 1600 sq ft.
- Ample parking for employees and clients.
Local 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 | $57.4k | $35.88 |
| − Vacancy | −$14.0k | −$8.72 |
| EGI | $43.5k | $27.16 |
| − OpEx | −$10.9k | −$6.79 |
| NOI | $32.6k | $20.37 |
1,600 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$465.6K
$407.4K – $543.2K
NOI $32,593 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.0K
$548.6K – $731.5K
NOI $43,889 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Well-maintained office space near Hwy 183 & Lake Creek Pkwy.
Where is this office units located?
The property is located at 13740 HWY 183 Austin, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Prime location near Hwy 183 & Lake Creek Pkwy and the interchange of 45 (620) and 183 (Research Blvd) in NW Austin.; Two connected units totaling approximately 1600 sq ft.; Ample parking for employees and clients.
