Two-Suite Flex Warehouse
15210 Fitzhugh Rd #17 Austin, TX 78736
15210 Fitzhugh Rd #17, Austin, TX, 78736
$1,825,000
For Sale
$1,825,000
Newer two-suite condo includes high-clear warehouse space, mezzanine office, and grade-level loading with one suite leased through February 2028.
Property Size7,500 SF
Price / SF$243.33
Days on Market23
Property Features for 15210 Fitzhugh Rd #17
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing agency
eXp Realty LLC
(888) 519-7431
Listed by
Eugene Batson
Source
Buttross
Added: Jun 29 Updated: Jul 21 at 2:11PM Checked: Jul 21 at 2:11PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This newer two-suite commercial condo is positioned for owner-occupancy or investment use. One suite, Suite 1401, is leased through February 2028, while Suite 1400 can be delivered available for an owner-user or new tenant. The property is approximately 7,500 SF per owner and includes a pump house/storage structure. Improvements include clean, modern exterior, high-clear warehouse areas, mezzanine office buildout, and grade-level loading. Concrete drive and parking areas are complemented by additional side parking and yard space.
The property is located within Fitzhugh Town Center Condominiums and provides convenient access to US-290, Hwy 71, Dripping Springs, and southwest Austin. The specific square footage, lease details, use, restrictions, taxes, utilities, and parking/yard and condo association information are to be independently verified by the buyer.
The property is located within Fitzhugh Town Center Condominiums and provides convenient access to US-290, Hwy 71, Dripping Springs, and southwest Austin. The specific square footage, lease details, use, restrictions, taxes, utilities, and parking/yard and condo association information are to be independently verified by the buyer.
Key Highlights
- Year built 2022 for this newer two‑suite commercial condo in Fitzhugh Town Center Condominiums
- Includes Suite 1401 leased through February 2028, while Suite 1400 can be delivered available for an owner‑user or new tenant
- Approximately 7,500 SF total per owner, including the pump house/storage structure (buyer to verify)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $269.1k | $35.88 |
| − Vacancy | −$65.4k | −$8.72 |
| EGI | $203.7k | $27.16 |
| − OpEx | −$50.9k | −$6.79 |
| NOI | $152.8k | $20.37 |
7,500 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.18M
$1.91M – $2.55M
NOI $152,782 @ 7.0% cap · market cap 8.37%
Second Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,485 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,730 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Modern Event Rental
Interior Design
BATTER UP ATX
Arcade & Gaming Center
A&O Cabinets
General Contractor
AustinKeyGuard
Locksmith
A&O Cabinets, LLC
General Contractor
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FAQs
What type of property is this?
Flex space - Newer two-suite condo includes high-clear warehouse space, mezzanine office, and grade-level loading with one suite leased through February 2028.
Where is this flex space located?
The property is located at 15210 Fitzhugh Rd #17 Austin, TX.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Year built 2022 for this newer two‑suite commercial condo in Fitzhugh Town Center Condominiums; Includes Suite 1401 leased through February 2028, while Suite 1400 can be delivered available for an owner‑user or new tenant; Approximately 7,500 SF total per owner, including the pump house/storage structure (buyer to verify)
