Dual-Access Flex Industrial
For Sale
$900,000
Pending
14519 Fitzhugh RD, Austin, TX 78736
Unrestricted site with finished space from a converted garage bay and a separate metal structure, ready for flexible use.
Property Size2,980 SF
Lot Size1.70 Acres
Days on Market156
Property Features for 14519 Fitzhugh RD
General Information
Standard status
Pending
Size
2,980 SF
Total Parking Spaces
10
Lot size
1.70 Acres
Zoning
No City Zoning Restricti
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,212
Amenities
Appliances, Garden Tub, Separate Shower
Central Air
Central
Rural
Attached, Driveway, Garage, Garage Faces Front, Gated, Kitchen Level, Off Street, Private, RV Access/Parking, Secured
Building Details
Building Size
2,980 SF
Year Built
1982
Buildings
2
Stories
2
Listing Agency:
Christies Intl Real Estate Lone Star
Listed By:
Bradley Baker
(970) 778-7026
Source:
Evrealestate
Added: Apr 3
Changed: Aug 31
Last Checked: Aug 29 at 6:35AM
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 Christies Intl Real Estate Lone Star
Investment Insights
Based on property information with market context.
14519 Fitzhugh Rd is an unrestricted flex/industrial property designed for practical, multi-use occupancy. The site includes finished space that incorporates a converted garage bay, plus a separate metal structure, with enough separation between buildings to support flexible operations.
Access is available from both Fitzhugh Rd and Preslar Circle, providing straightforward entry options for the structures on-site. The property’s current improvements support immediate use, while the overall setup is well-suited for buyers exploring single-user occupancy or split-use configurations.
Given the combination of finished space and a standalone metal building on the same unrestricted parcel, the offering fits a range of owner-user and operator needs where adaptability matters.
Access is available from both Fitzhugh Rd and Preslar Circle, providing straightforward entry options for the structures on-site. The property’s current improvements support immediate use, while the overall setup is well-suited for buyers exploring single-user occupancy or split-use configurations.
Given the combination of finished space and a standalone metal building on the same unrestricted parcel, the offering fits a range of owner-user and operator needs where adaptability matters.
Key Highlights
- ~1.7 unrestricted acres at 14519 Fitzhugh Rd in Austin’s Fitzhugh corridor
- Includes ~2,980 SF finished space, including a converted garage bay, plus a ~1,260 SF metal structure
- Dual access off Fitzhugh Rd and Preslar Circle for flexible entry and operations
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
$46,066
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
5.12%
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%
$921,320
$921.3K
Cap Rate 7%
$658,086
$658.1K
Cap Rate 9%
$511,844
$511.8K
Market Conditions
NOI Build-Up for 4,240 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
$63.1K $14.88/SF
− Vacancy
−$8.9K −$2.10/SF
EGI
$54.2K $12.78/SF
− OpEx
−$8.1K −$1.92/SF
NOI
$46.1K $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%
$921,320
Cap Rate 7%
$658,086
Cap Rate 9%
$511,844
Alternative Uses
Best Use
Warehouse
$658.1K
$575.8K – $767.8K
NOI $46,066 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$542.0K
$474.2K – $632.3K
NOI $37,937 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,306 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
93
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 - Unrestricted site with finished space from a converted garage bay and a separate metal structure, ready for flexible use.
Where is this flex space located?
The property is located at 14519 Fitzhugh RD Austin, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: ~1.7 unrestricted acres at 14519 Fitzhugh Rd in Austin’s Fitzhugh corridor; Includes ~2,980 SF finished space, including a converted garage bay, plus a ~1,260 SF metal structure; Dual access off Fitzhugh Rd and Preslar Circle for flexible entry and operations
