South Austin Development
For Sale
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1430 Collier St, Austin, TX 78704
Potential multifamily mixed-use development in South Austin.
Property Size38,000 SF
Price / SF$315.79
Days on Market103
Property Features for 1430 Collier St
General Information
Standard status
Active
Size
38,000 SF
Property subtype
Multifamily, Office, Land
Zoning
GR-V-CO-DB90
Investment Type
Redevelopment
Building Details
Year Built
2009
Listing Agency:
Southwest Strategies Group Inc
(512) 458-8153
Listed By:
Sophie Roth · License #TX
Source:
Crexi
Added: May 20
Changed: Aug 14
Last Checked: Aug 29 at 6:12PM
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 Southwest Strategies Group Inc
Investment Insights
Based on property information with market context.
The property is currently used as a Class 3 medical office facility with no active leases, suitable for an owner/user. Based on the new SB 0840 ordinance, a proposed potential multifamily mixed-use development has excellent potential. Investors may also consider the office for a medical group or similar tenants. This property is ideally located in south Austin and has a lot of different potential development opportunities. The property size is 38000 square feet.
Key Highlights
- Potential for multifamily mixed‑use development due to SB 0840 ordinance.
- Current Class 3 Office suitable for owner/user or medical group.
- Located in desirable south Austin.
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
$599,355
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
4.99%
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%
$11,987,100
$12.0M
Cap Rate 7%
$8,562,214
$8.6M
Cap Rate 9%
$6,659,500
$6.7M
Market Conditions
NOI Build-Up for 38,000 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
$1.14M $30.00/SF
− Vacancy
−$340.9K −$8.97/SF
EGI
$799.1K $21.03/SF
− OpEx
−$199.8K −$5.26/SF
NOI
$599.4K $15.77/SF
Area
ZIP 78704
Vacancy
29.90%
Lease Rate
$30.00 /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%
$11,987,100
Cap Rate 7%
$8,562,214
Cap Rate 9%
$6,659,500
Alternative Uses
Best Use
Office B
$8.56M
$7.49M – $9.99M
NOI $599,355 @ 7.0% cap · market cap 4.99%
Second Best
Healthcare Medical
$7.91M
$6.92M – $9.23M
NOI $553,766 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$15.85M
$13.87M – $18.49M
NOI $1,109,218 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Potential multifamily mixed-use development in South Austin.
Where is this medical office space located?
The property is located at 1430 Collier St Austin, TX.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Potential for multifamily mixed‑use development due to SB 0840 ordinance.; Current Class 3 Office suitable for owner/user or medical group.; Located in desirable south Austin.
