Climate-Controlled Warehouse Flex
For Sale
$2,500,000
14510 Fitzhugh RD, Austin, TX 78736
Newly constructed 2024 building offers fully climate-controlled, painted interior warehouse space with a glass front facade.
Property Size10,396 SF
Price / SF$240.48
Days on Market321
Property Features for 14510 Fitzhugh RD
General Information
Standard status
Active
Size
10,396 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Amenities
Central Air
3
10 Parking Spaces. On Site, No Parking.
Building Details
Year Built
2024
Listing Agency:
(512) 839-5137
Listed By:
Douglas Elliman Real Estate
(512) 839-5137
Source:
Xome
Added: Oct 15, 2025
Changed: Aug 19
Last Checked: Aug 30 at 1:46PM
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 offers 10,396 square feet of premium, fully climate-controlled warehouse flex space in a newly constructed 2024 building. The interior features clean, painted finishes and is fully insulated, creating a move-in-ready foundation that supports a range of business operations. The building is designed for flexible space planning, with an expansive footprint suitable for efficient workflow design.
The property is positioned off Fitzhugh Road between Austin and Dripping Springs, with convenient access to Highway 290. For expansion options, neighboring Building 7 may also be purchased alongside Building 8 for a combined total of 18,752 square feet.
A striking glass front facade adds a contemporary look while allowing natural light into the space.
The property is positioned off Fitzhugh Road between Austin and Dripping Springs, with convenient access to Highway 290. For expansion options, neighboring Building 7 may also be purchased alongside Building 8 for a combined total of 18,752 square feet.
A striking glass front facade adds a contemporary look while allowing natural light into the space.
Key Highlights
- 10,396 SF fully climate‑controlled commercial warehouse space in a newly constructed 2024 building
- Central Air cooling and heating provided; clean, painted interior finish
- 10 parking spaces included
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
$112,949
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
4.52%
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%
$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
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
$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 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%
$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
NOI $112,949 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,017 @ 7.0% cap · market cap 3.72%
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
Current Use
Lease Details
Yes
Highway 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Newly constructed 2024 building offers fully climate-controlled, painted interior warehouse space with a glass front facade.
Where is this flex space located?
The property is located at 14510 Fitzhugh RD 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 SF fully climate‑controlled commercial warehouse space in a newly constructed 2024 building; Central Air cooling and heating provided; clean, painted interior finish; 10 parking spaces included
