Premium Climate-Controlled Warehouse
For Sale
$2,500,000
14510 Fitzhugh Rd 8, Austin, TX 78736
New 10,396 SF commercial warehouse near Highway 290.
Property Size10,396 SF
Lot Size9.89 Acres
Price / SF$240.48
Days on Market152
Property Features for 14510 Fitzhugh Rd 8
General Information
Standard status
Active
Size
10,396 SF
Lot size
9.89 Acres
Property subtype
Commercial
Building Details
Building Size
10,396 SF
Year Built
2024
Listing Agency:
Douglas Elliman Real Estate
(512) 839-5137
Listed By:
Lindsey Fenton · License #655757
(512) 839-5137
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:18AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Building 8 at 14510 Fitzhugh Road offers 10,396 square feet of climate-controlled commercial warehouse space. Constructed in 2024, the property is suitable for various business operations, including light industrial, distribution, creative office, production, or showroom use. The building features a glass front facade, providing natural light. The interior is insulated, climate-controlled, and finished with painted interiors. Located off Fitzhugh Road between Austin and Dripping Springs, the property provides access to Highway 290, situated in a growing commercial corridor of Central Texas. Neighboring Building 7 is also available for purchase, offering a combined total of 18,752 square feet. The property is also available for lease.
Key Highlights
- Newly constructed in 2024, offering modern design and appeal.
- 10,396 square feet of premium, fully climate‑controlled warehouse space.
- Flexible space suitable for light industrial, distribution, creative office, production, or showroom use.
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
$211,776
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
8.47%
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%
$4,235,520
$4.2M
Cap Rate 7%
$3,025,371
$3.0M
Cap Rate 9%
$2,353,067
$2.4M
Market Conditions
NOI Build-Up for 10,396 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
$373.0K $35.88/SF
− Vacancy
−$90.6K −$8.72/SF
EGI
$282.4K $27.16/SF
− OpEx
−$70.6K −$6.79/SF
NOI
$211.8K $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%
$4,235,520
Cap Rate 7%
$3,025,371
Cap Rate 9%
$2,353,067
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.53M
NOI $211,776 @ 7.0% cap · market cap 8.47%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,949 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,169 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78736, TX
10,165
Population
4,539
Households
2.2
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
456
Density / Sq Mi
$100,761
Median Household Income
$52,920
Median Earnings
$1,849
Median Rent
$556,400
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?
Flex space - New 10,396 SF commercial warehouse near Highway 290.
Where is this flex space located?
The property is located at 14510 Fitzhugh Rd 8 Austin, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Newly constructed in 2024, offering modern design and appeal.; 10,396 square feet of premium, fully climate‑controlled warehouse space.; Flexible space suitable for light industrial, distribution, creative office, production, or showroom use.
