Building Details

Building Size 10,396 SF

Year Built 2024

Buildings 1

Listing Agency: Douglas Elliman Real Estate

Listed By: Lindsey Fenton · License #655757 Show Phone

Source: Denpg

Added: Oct 17, 2025 Changed: Oct 1 Last Checked: Oct 5 at 11:41PM

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Investment Insights

Based on property information with market context.

Building 8 is a 10,396-square-foot flex warehouse completed in 2024. The insulated, climate-controlled interior has painted finishes, while a glass front brings natural light into the space. Its configuration can accommodate a range of commercial operations, including light industrial, distribution, production, showroom, or office functions.

The property is on Fitzhugh Road between Austin and Dripping Springs, with access to Highway 290. Building 7 next door may be acquired with Building 8, bringing the combined area to 18,752 square feet.

Key Highlights

• 10,396 square feet of flex warehouse space
• Built in 2024
• Insulated and climate‑controlled interior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$112,949

Cap Rate

4.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,258,980 $2.3M

Cap Rate 7%

$1,613,557 $1.6M

Cap Rate 9%

$1,254,989 $1.3M

Market Conditions

NOI Build-Up for 10,396 SF

Gross rent

$154.7K $14.88/SF

− Vacancy

−$21.8K −$2.10/SF

EGI

$132.9K $12.78/SF

− OpEx

−$19.9K −$1.92/SF

NOI

$112.9K $10.86/SF

Area

Austin, TX

Vacancy

14.10%

Lease Rate

$14.88 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,258,980

Cap Rate 7%

$1,613,557

Cap Rate 9%

$1,254,989

Alternative Uses

Best Use

Warehouse

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,949 @ 7.0% cap · market cap 4.52%

Second Best

Industrial

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $93,017 @ 7.0% cap · market cap 3.72%

Theoretical Best

Office A

$4.07M

$3.56M – $4.75M (±1% cap)

NOI $285,169 @ 7.0% cap · market cap 11.41%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Gardien Storage Facility Texas Sun & Shade (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Building Supply Storage Facility Garden Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

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 Industrial in Austin, TX

7.5% 2019

5.7% 2020

3.9% 2021

4.3% 2022

9.1% 2023

13.3% 2024

21.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - Insulated construction and a glass façade provide a practical setting for adaptable commercial operations.

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: 10,396 square feet of flex warehouse space; Built in 2024; Insulated and climate‑controlled interior