Flex Space with Second
For Sale
$499,999
13807 Fm 812th Rd Unit 804, Del Valle, TX 78617
Finished two-level unit with a large overhead door, app-controlled climate, and fingerprint, keypad, and app-enabled entry.
Property Size2,250 SF
Price / SF$222.22
Days on Market42
Property Features for 13807 Fm 812th Rd Unit 804
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Building Details
Year Built
2026
Listing Agency:
Mark Martin and Company
(512) 983-7331
Listed By:
Mason Bleasdell (512) 739-3200 · License #0716373
Source:
Findahomeaustin
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 6:14AM
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 Mark Martin and Company
Investment Insights
Based on property information with market context.
This 2,250-square-foot flex unit is configured with a ground-level area and an engineered second story, providing 14-foot clearance below for lifts, RVs, and trailers. Access is provided by a 14-foot powder-coated thermal overhead door with a LiftMaster opener and app control, while the entry door supports fingerprint, keypad, and app-based locking. Interior improvements include finished painted sheetrock, second-story flooring, fire sprinklers, one-hour fire-rated demising walls, and pre-wired industrial ceiling fans.
Building systems include a 100-amp three-phase electrical panel with 25 outlets, a 60,000 BTU app-controlled mini-split, app-controlled LED lighting, and R-43/R-30/R-19 insulation. The property is across FM 812 from Circuit of the Americas and includes access to a 10,728-square-foot members clubhouse. Condo restrictions apply.
Building systems include a 100-amp three-phase electrical panel with 25 outlets, a 60,000 BTU app-controlled mini-split, app-controlled LED lighting, and R-43/R-30/R-19 insulation. The property is across FM 812 from Circuit of the Americas and includes access to a 10,728-square-foot members clubhouse. Condo restrictions apply.
Key Highlights
- 2,250‑square‑foot flex unit with an engineered second story
- 14‑foot overhead door with LiftMaster opener and app control
- 14‑foot clearance below the second story for lifts, RVs, and trailers
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
$22,653
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
4.53%
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%
$453,060
$453.1K
Cap Rate 7%
$323,614
$323.6K
Cap Rate 9%
$251,700
$251.7K
Market Conditions
NOI Build-Up for 2,250 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
$33.5K $14.88/SF
− Vacancy
−$6.8K −$3.04/SF
EGI
$26.7K $11.84/SF
− OpEx
−$4.0K −$1.78/SF
NOI
$22.7K $10.07/SF
Area
Travis County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
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%
$453,060
Cap Rate 7%
$323,614
Cap Rate 9%
$251,700
Alternative Uses
Best Use
Warehouse
$323.6K
$283.2K – $377.6K
NOI $22,653 @ 7.0% cap · market cap 4.53%
Second Best
Industrial
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$940.6K
$823.0K – $1.10M
NOI $65,839 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78617, TX
28,832
Population
9,201
Households
3.1
Avg Household Size
31
Median Age
17%
College-Educated
68%
High-School Grad
64.0 sq mi
ZIP Area
451
Density / Sq Mi
$78,019
Median Household Income
$35,961
Median Earnings
$1,449
Median Rent
$247,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Finished two-level unit with a large overhead door, app-controlled climate, and fingerprint, keypad, and app-enabled entry.
Where is this flex space located?
The property is located at 13807 Fm 812th Rd Unit 804 Del Valle, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 2,250‑square‑foot flex unit with an engineered second story; 14‑foot overhead door with LiftMaster opener and app control; 14‑foot clearance below the second story for lifts, RVs, and trailers
