Move-In Ready Office
For Sale
Contact for pricing
1508 Dessau Ridge Lane, Austin, TX 78754
Efficient office suite in an office park with convenient access to major North Austin roadways.
Property Size972 SF
Price / SF$360.08
Days on Market96
Property Features for 1508 Dessau Ridge Lane
General Information
Standard status
Active
Size
972 SF
Property subtype
Office
Zoning
LO-CO, LR-CO
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Listing Agency:
New Edge Commercial Real Estate
Listed By:
Neerja Kwatra · License #TX 0664880
(512) 698-2730
Source:
Crexi
Added: Jun 3
Changed: Aug 26
Last Checked: Sep 2 at 7:29PM
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 New Edge Commercial Real Estate
Investment Insights
Based on property information with market context.
This move-in ready professional office suite is located within an office park setting on Dessau Ridge Lane. The space is described as having an efficient layout suited to professional services and client-facing uses, including medical office, spa/salon, or small business operations. The suite is offered for sale at a listed size of 972 square feet.
The property is positioned in Northeast Austin with quick regional connectivity to Parmer Lane, IH-35, US-290, SH-130, and Howard Lane. The surrounding area includes strong residential density as well as retail amenities, parks, and trails. The remarks also note proximity to major employers such as Samsung, Dell, Applied Materials, Amazon Warehouse, National Instruments, General Motors, Hewlett-Packard, and BAE Systems, along with convenient access toward The Domain and other North Austin employment hubs.
For tenants and buyers, the combination of an efficient, move-in ready suite and straightforward access for both employees and clients makes this a practical fit for service-oriented operators looking to establish or relocate in a professional office park environment. The described layout supports a range of office and healthcare-adjacent uses while keeping the day-to-day focus on functionality and client experience.
The property is positioned in Northeast Austin with quick regional connectivity to Parmer Lane, IH-35, US-290, SH-130, and Howard Lane. The surrounding area includes strong residential density as well as retail amenities, parks, and trails. The remarks also note proximity to major employers such as Samsung, Dell, Applied Materials, Amazon Warehouse, National Instruments, General Motors, Hewlett-Packard, and BAE Systems, along with convenient access toward The Domain and other North Austin employment hubs.
For tenants and buyers, the combination of an efficient, move-in ready suite and straightforward access for both employees and clients makes this a practical fit for service-oriented operators looking to establish or relocate in a professional office park environment. The described layout supports a range of office and healthcare-adjacent uses while keeping the day-to-day focus on functionality and client experience.
Key Highlights
- Professional office suite in a Northeast Austin office park, built in 2008
- Efficient layout suited for professional services, medical, spa/salon, or small business use
- Minutes to Parmer Lane, IH‑35, US‑290, SH‑130, and Howard Lane for regional connectivity
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
$19,800
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
5.66%
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%
$396,000
$396.0K
Cap Rate 7%
$282,857
$282.9K
Cap Rate 9%
$220,000
$220.0K
Market Conditions
NOI Build-Up for 972 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
$34.9K $35.88/SF
− Vacancy
−$8.5K −$8.72/SF
EGI
$26.4K $27.16/SF
− OpEx
−$6.6K −$6.79/SF
NOI
$19.8K $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%
$396,000
Cap Rate 7%
$282,857
Cap Rate 9%
$220,000
Alternative Uses
Best Use
Office B
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 5.66%
Second Best
Healthcare Medical
$183.0K
$160.1K – $213.5K
NOI $12,807 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$380.9K
$333.3K – $444.4K
NOI $26,663 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 78754, TX
27,020
Population
13,195
Households
2
Avg Household Size
33
Median Age
42%
College-Educated
86%
High-School Grad
15.1 sq mi
ZIP Area
1,789
Density / Sq Mi
$92,964
Median Household Income
$49,730
Median Earnings
$1,704
Median Rent
$318,900
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?
Office units - Efficient office suite in an office park with convenient access to major North Austin roadways.
Where is this office units located?
The property is located at 1508 Dessau Ridge Lane Austin, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Professional office suite in a Northeast Austin office park, built in 2008; Efficient layout suited for professional services, medical, spa/salon, or small business use; Minutes to Parmer Lane, IH‑35, US‑290, SH‑130, and Howard Lane for regional connectivity
