Flex Space with Retail
For Sale
$1,044,500
14510 Fitzhugh RD Unit 1002/1003, Austin, TX 78736
The 2023 development combines storefront presentation with space suited to office, warehouse, and light industrial uses.
Property Size4,080 SF
Days on Market827
Property Features for 14510 Fitzhugh RD Unit 1002/1003
General Information
Standard status
Active
Size
4,080 SF
Class
Class A
Property subtype
Warehouse
Amenities
mature Live Oak trees
abundant parking
beautiful landscaping
hill country views
Building Details
Building Size
4,080 SF
Year Built
2023
Listing Agency:
Michael Rhodes, Broker
Listed By:
Michael Rhodes
(512) 653-5171
Source:
Denpg
Added: Jul 3, 2024
Changed: Oct 1
Last Checked: Oct 5 at 11:54PM
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 Michael Rhodes, Broker
Investment Insights
Based on property information with market context.
Built in 2023, this flex property pairs retail-style storefronts with space suited to a range of commercial functions. Potential applications described for the development include office, warehouse, distillery, contractor services, fitness, packaging, light manufacturing, tasting room, and art studio uses.
The development features mature live oak trees, landscaped grounds, parking, and views of the Hill Country. The property is identified as units 1002/1003 at 14510 Fitzhugh Road in Austin, Texas.
The development features mature live oak trees, landscaped grounds, parking, and views of the Hill Country. The property is identified as units 1002/1003 at 14510 Fitzhugh Road in Austin, Texas.
Key Highlights
- Built in 2023
- Retail‑style storefronts within a flex development
- Mature live oak trees, landscaped grounds, parking, and Hill Country views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,842
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,840
$1.4M
Cap Rate 7%
$1,026,314
$1.0M
Cap Rate 9%
$798,244
$798.2K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$106.2K $26.04/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$102.6K $25.15/SF
− OpEx
−$30.8K −$7.55/SF
NOI
$71.8K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,840
Cap Rate 7%
$1,026,314
Cap Rate 9%
$798,244
Alternative Uses
Best Use
Retail
$1.03M
$898.0K – $1.20M
NOI $71,842 @ 7.0% cap · market cap 6.88%
Second Best
Warehouse
$633.3K
$554.1K – $738.8K
NOI $44,328 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,917 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 Industrial in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The 2023 development combines storefront presentation with space suited to office, warehouse, and light industrial uses.
Where is this flex space located?
The property is located at 14510 Fitzhugh RD Unit 1002/1003 Austin, TX.
What is the asking price?
The asking price for this property is $1,044,500.
What are key features of this property?
This property features: Built in 2023; Retail‑style storefronts within a flex development; Mature live oak trees, landscaped grounds, parking, and Hill Country views
