Live-Work Warehouse with
For Sale
$949,900
15200 Storm DR, Austin, TX 78734
Warehouse with 20' ceilings and a full bath with shower, plus an on-site residence on an approximately 1.85-acre site.
Property Size3,147 SF
Lot Size1.85 Acres
Price / SF$301.84
Days on Market86
Property Features for 15200 Storm DR
General Information
Standard status
Active
Size
3,147 SF
Lot size
1.85 Acres
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Clear Height
20 ft
Taxes and HOA fees
Annual Taxes
$9,345
Amenities
Central Air, Electric, Ceiling Fan(s)
3
Parking.
20 Parking Spaces. Driveway, Garage, Gated Parking, Gravel, Off Street, Lot, Private, RV Parking, Unpaved, No Parking.
Trees/Woods, Canyon
Gravel Road.
Building Details
Year Built
2001
Listing Agency:
MCLANE REALTY, LLC
(512) 809-5447
Listed By:
Charles Watkins
(512) 750-5361
Source:
Xome
Added: Jun 14
Changed: Sep 7
Last Checked: Sep 7 at 5:15AM
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 MCLANE REALTY, LLC
Investment Insights
Based on property information with market context.
This live-work property pairs a warehouse with an on-site residence, offering a configuration that can support both work and daily living. The warehouse includes 20-foot ceilings and a full bathroom with a shower. The space is described as ready to customize for uses such as trades, fabrication, fitness, or storage.
The property is located at 15200 Storm Dr in Austin, Texas, and is within Lake Travis ISD. The listing notes no HOA and ample off-street parking. The remarks also state that Austin Energy will permit a service upgrade for heavy equipment loads, and the property is minutes to the 620/2222 corridor.
The property is located at 15200 Storm Dr in Austin, Texas, and is within Lake Travis ISD. The listing notes no HOA and ample off-street parking. The remarks also state that Austin Energy will permit a service upgrade for heavy equipment loads, and the property is minutes to the 620/2222 corridor.
Key Highlights
- ~1.85‑acre live/work property with warehouse plus on‑site residence, no HOA
- 1,200 SF warehouse with 20' ceilings and a full bathroom with shower
- 20 parking spaces with garage, gravel, driveway, off‑street and RV parking options
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
$64,107
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
6.75%
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%
$1,282,140
$1.3M
Cap Rate 7%
$915,814
$915.8K
Cap Rate 9%
$712,300
$712.3K
Market Conditions
NOI Build-Up for 3,147 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
$112.9K $35.88/SF
− Vacancy
−$27.4K −$8.72/SF
EGI
$85.5K $27.16/SF
− OpEx
−$21.4K −$6.79/SF
NOI
$64.1K $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%
$1,282,140
Cap Rate 7%
$915,814
Cap Rate 9%
$712,300
Alternative Uses
Best Use
Office B
$915.8K
$801.3K – $1.07M
NOI $64,107 @ 7.0% cap · market cap 6.75%
Second Best
Mixed Use
$758.7K
$663.8K – $885.1K
NOI $53,106 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,324 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 78734, TX
22,963
Population
10,885
Households
2.1
Avg Household Size
47
Median Age
59%
College-Educated
94%
High-School Grad
18.9 sq mi
ZIP Area
1,215
Density / Sq Mi
$129,116
Median Household Income
$67,881
Median Earnings
$1,930
Median Rent
$626,100
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Warehouse with 20' ceilings and a full bath with shower, plus an on-site residence on an approximately 1.85-acre site.
Where is this live-work space located?
The property is located at 15200 Storm DR Austin, TX.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: ~1.85‑acre live/work property with warehouse plus on‑site residence, no HOA; 1,200 SF warehouse with 20' ceilings and a full bathroom with shower; 20 parking spaces with garage, gravel, driveway, off‑street and RV parking options
