Office
For Sale
Contact for pricing
13801 Ranch Road 620 North, Austin, TX 78717
Built in 2018 and suited to an owner-user occupancy strategy.
Property Size21,672 SF
Price / SF$465.12
Days on Market125
Property Features for 13801 Ranch Road 620 North
General Information
Standard status
Active
Size
21,672 SF
Class
Class A
Total Parking Spaces
280
Property subtype
Retail, Office, Mixed Use
Investment Type
Owner/User
Building Details
Year Built
2018
Buildings
1
Building Size
21,672 SF
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jake Dutson · License #702071-SA
Source:
Crexi
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 2:05AM
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 STRIVE Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Located at 13801 Ranch Road 620 North in Austin, Texas, this office building contains 21,672 square feet and was completed in 2018. The property is presented as an owner-user opportunity, offering a dedicated commercial setting for an organization seeking office premises.
The Austin 78717 address places the asset on Ranch Road 620 North, providing a defined location for business operations and occupancy.
The Austin 78717 address places the asset on Ranch Road 620 North, providing a defined location for business operations and occupancy.
Key Highlights
- 21,672‑square‑foot office building
- Completed in 2018
- Owner‑user opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$441,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,829,540
$8.8M
Cap Rate 7%
$6,306,814
$6.3M
Cap Rate 9%
$4,905,300
$4.9M
Market Conditions
NOI Build-Up for 21,672 SF
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.
Gross rent
$777.6K $35.88/SF
− Vacancy
−$189.0K −$8.72/SF
EGI
$588.6K $27.16/SF
− OpEx
−$147.2K −$6.79/SF
NOI
$441.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,829,540
Cap Rate 7%
$6,306,814
Cap Rate 9%
$4,905,300
Alternative Uses
Best Use
Office B
$6.31M
$5.52M – $7.36M
NOI $441,477 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.49M
$7.43M – $9.91M
NOI $594,477 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 78717, TX
36,987
Population
14,508
Households
2.5
Avg Household Size
35
Median Age
67%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
2,845
Density / Sq Mi
$140,483
Median Household Income
$71,236
Median Earnings
$1,833
Median Rent
$599,200
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Built in 2018 and suited to an owner-user occupancy strategy.
Where is this office building located?
The property is located at 13801 Ranch Road 620 North Austin, TX.
What is the asking price?
The asking price for this property is $10,080,000.
What are key features of this property?
This property features: 21,672‑square‑foot office building; Completed in 2018; Owner‑user opportunity
