Metal Flex Building with Detached
For Sale
$895,000
16001 AWALT DR, Austin, TX 78734
Single-level flex space with durable tile floors, stainless appliances, premium Andersen windows, and two detached buildings.
Property Size3,710 SF
Days on Market96
Property Features for 16001 AWALT DR
General Information
Standard status
Active
Size
3,710 SF
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$581
Building Details
Building Size
3,710 SF
Year Built
1985
Buildings
3
Stories
1
Construction
metal
Listing Agency:
Ruzicka Real Estate
Listed By:
Vlado Ruzicka · License #0491586
(512) 413-7188
Source:
Lyon
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 28 at 5:41PM
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 Ruzicka Real Estate
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Investment Insights
Based on property information with market context.
Single-level flex space on an oversized lot with mature oak trees. The property includes a recently built extra-large metal building (approximately 2,800 SF) plus a home/office floor plan. Interior features noted include durable tile flooring throughout, stainless steel appliances, premium Andersen windows, and washer/dryer and refrigerator. Remarks describe the layout as turnkey and low-maintenance, with a durable, office-ready setup.
Two detached buildings add additional flexibility for workshop, storage, or other uses. One of the detached buildings is fitted with electricity. The property is described as having no zoning, offering flexibility in how it can be set up.
Conveniently located with easy access to main roadways, downtown corridors, and the Lake Travis area, the property is also described as clean and ready for immediate occupancy.
Two detached buildings add additional flexibility for workshop, storage, or other uses. One of the detached buildings is fitted with electricity. The property is described as having no zoning, offering flexibility in how it can be set up.
Conveniently located with easy access to main roadways, downtown corridors, and the Lake Travis area, the property is also described as clean and ready for immediate occupancy.
Key Highlights
- Approximately 2,800 SF recently built extra‑large metal building
- Durable tile flooring throughout and stainless steel appliances
- Premium Andersen windows plus washer, dryer, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,308
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,160
$806.2K
Cap Rate 7%
$575,829
$575.8K
Cap Rate 9%
$447,867
$447.9K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$55.2K $14.88/SF
− Vacancy
−$7.8K −$2.10/SF
EGI
$47.4K $12.78/SF
− OpEx
−$7.1K −$1.92/SF
NOI
$40.3K $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%
$806,160
Cap Rate 7%
$575,829
Cap Rate 9%
$447,867
Alternative Uses
Best Use
Warehouse
$575.8K
$503.9K – $671.8K
NOI $40,308 @ 7.0% cap · market cap 4.50%
Second Best
Industrial
$474.2K
$414.9K – $553.3K
NOI $33,195 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,768 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Austin, TX
Similar Off Market Nearby
- yumtacular Desserts catering — 4506 Weletka Dr, Austin, TX 78734
- Fat Belly Pretzels — 15800 Awalt Dr, Austin, TX 78734
Frequently Asked Questions
What type of property is this?
Flex space - Single-level flex space with durable tile floors, stainless appliances, premium Andersen windows, and two detached buildings.
Where is this flex space located?
The property is located at 16001 AWALT DR Austin, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approximately 2,800 SF recently built extra‑large metal building; Durable tile flooring throughout and stainless steel appliances; Premium Andersen windows plus washer, dryer, and refrigerator
