Flexible Office
For Sale
Contact for pricing
1512 W Howard Lane, Austin, TX 78728
The NNN structure places operating expenses, including taxes, insurance, maintenance, and utilities, with the tenant.
Property Size1,668 SF
Price / SF$2.52
Days on Market43
Property Features for 1512 W Howard Lane
General Information
Standard status
Active
Size
1,668 SF
Property subtype
Office
Site & Location
Neighborhood
Gracy Woods
Additional Details
Property Use
Office
Building Details
Year Built
2008
Listing Agency:
Lezlie Tram Realty, LLC
(512) 490-6666
Listed By:
Tram Le · License #0650951
(512) 917-8257
Source:
Hoydenhomes
Added: Sep 17
Changed: Oct 28
Last Checked: Oct 28 at 4:13PM
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 Lezlie Tram Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,668-square-foot office unit was built in 2008 and is offered for sale. Its flexible office configuration is described as suitable for a range of professional uses.
The property is at 1512 W Howard Lane in Austin’s ETJ, with access to major transportation corridors. The NNN lease structure assigns taxes, insurance, maintenance, utilities, and other operating expenses to the tenant.
The property is at 1512 W Howard Lane in Austin’s ETJ, with access to major transportation corridors. The NNN lease structure assigns taxes, insurance, maintenance, utilities, and other operating expenses to the tenant.
Key Highlights
- 1,668‑square‑foot office unit
- Built in 2008
- NNN lease structure; tenant covers taxes, insurance, maintenance, utilities, and other operating expenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,979
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,580
$679.6K
Cap Rate 7%
$485,414
$485.4K
Cap Rate 9%
$377,544
$377.5K
Market Conditions
NOI Build-Up for 1,668 SF
Gross rent
$59.8K $35.88/SF
− Vacancy
−$14.5K −$8.72/SF
EGI
$45.3K $27.16/SF
− OpEx
−$11.3K −$6.79/SF
NOI
$34.0K $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 Rate 5%
$679,580
Cap Rate 7%
$485,414
Cap Rate 9%
$377,544
Alternative Uses
Best Use
Office B
$485.4K
$424.7K – $566.3K
NOI $33,979 @ 7.0% cap · market cap 809.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$653.6K
$571.9K – $762.6K
NOI $45,754 @ 7.0% cap · market cap 1,089.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 78728, TX
25,555
Population
13,878
Households
1.8
Avg Household Size
33
Median Age
48%
College-Educated
94%
High-School Grad
7.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$74,048
Median Household Income
$53,915
Median Earnings
$1,523
Median Rent
$392,600
Median Home Value
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - The NNN structure places operating expenses, including taxes, insurance, maintenance, and utilities, with the tenant.
Where is this office unit located?
The property is located at 1512 W Howard Lane Austin, TX.
What are key features of this property?
This property features: 1,668‑square‑foot office unit; Built in 2008; NNN lease structure; tenant covers taxes, insurance, maintenance, utilities, and other operating expenses
