Two-Suite Flex Warehouse
For Sale
$1,780,000
15210 Fitzhugh RD # 17, Austin, TX 78736
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$237.33
Days on Market120
Property Features for 15210 Fitzhugh RD # 17
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,842
Building Details
Building Size
7,500 SF
Year Built
2022
Tenancy
Multi
Listing Agency:
eXp Realty LLC
Listed By:
Eugene Batson
(512) 909-5080
Source:
Localcolorrealestateaustin
Added: Jun 29
Changed: Oct 25
Last Checked: Oct 25 at 1:56AM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,485
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,700
$1.6M
Cap Rate 7%
$1,164,071
$1.2M
Cap Rate 9%
$905,389
$905.4K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$111.6K $14.88/SF
− Vacancy
−$15.7K −$2.10/SF
EGI
$95.9K $12.78/SF
− OpEx
−$14.4K −$1.92/SF
NOI
$81.5K $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 Rate 5%
$1,629,700
Cap Rate 7%
$1,164,071
Cap Rate 9%
$905,389
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,485 @ 7.0% cap · market cap 4.58%
Second Best
Industrial
$958.6K
$838.8K – $1.12M
NOI $67,105 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,730 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
55
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Austin, TX
Frequently Asked Questions
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 $1,780,000.
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)
