Two-Level Retail/Office
For Sale
$659,000
1601 Cesar Chavez St, Austin, TX 78702
Two-level commercial condominium with expansive street-facing glass, full kitchen, and two assigned parking spaces.
Property Size1,174 SF
Price / SF$561.33
Days on Market64
Property Features for 1601 Cesar Chavez St
General Information
Standard status
Active
Size
1,174 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$16,122
Amenities
Central Air
3
2 Parking Spaces. Garage, Reserved.
Building Details
Year Built
2007
Stories
2
Listing Agency:
eXp Realty LLC
(512) 909-5080
Listed By:
Eugene Batson
(512) 909-5080
Source:
Xome
Added: Jun 8
Changed: Aug 9
Last Checked: Aug 10 at 3:32AM
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 two-level commercial condominium includes an open ground floor and a second-level loft area. The space features expansive street-facing glass frontage designed for strong natural light and visibility. Interior amenities include a full kitchen, one full bathroom, and an additional half bath. The layout offers flexibility for client-facing operations on the ground floor and private or collaborative work use upstairs.
The property is located in a mixed-use development with a built-in residential population and consistent pedestrian activity. It is positioned along East Cesar Chavez, with proximity to restaurants, coffee shops, and retail, and convenient access to I-35 and East 6th Street.
Two assigned parking spaces are included in a controlled-access garage, with additional street parking nearby. The unit is offered for sale as a well-located owner-user or adaptable commercial space within the East Austin corridor.
The property is located in a mixed-use development with a built-in residential population and consistent pedestrian activity. It is positioned along East Cesar Chavez, with proximity to restaurants, coffee shops, and retail, and convenient access to I-35 and East 6th Street.
Two assigned parking spaces are included in a controlled-access garage, with additional street parking nearby. The unit is offered for sale as a well-located owner-user or adaptable commercial space within the East Austin corridor.
Key Highlights
- Two‑level commercial condominium with approximately 1,174 SF and expansive street‑facing glass frontage
- Open ground floor for client‑facing use, plus a second‑level loft suitable for private offices or collaborative workspace
- Includes a full kitchen, one full bathroom, and an additional half bath
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
$23,915
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
3.63%
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%
$478,300
$478.3K
Cap Rate 7%
$341,643
$341.6K
Cap Rate 9%
$265,722
$265.7K
Market Conditions
NOI Build-Up for 1,174 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
$42.1K $35.88/SF
− Vacancy
−$10.2K −$8.72/SF
EGI
$31.9K $27.16/SF
− OpEx
−$8.0K −$6.79/SF
NOI
$23.9K $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%
$478,300
Cap Rate 7%
$341,643
Cap Rate 9%
$265,722
Alternative Uses
Best Use
Office B
$341.6K
$298.9K – $398.6K
NOI $23,915 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$295.3K
$258.4K – $344.5K
NOI $20,672 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$460.1K
$402.6K – $536.7K
NOI $32,204 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-level commercial condominium with expansive street-facing glass, full kitchen, and two assigned parking spaces.
Where is this office units located?
The property is located at 1601 Cesar Chavez St Austin, TX.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Two‑level commercial condominium with approximately 1,174 SF and expansive street‑facing glass frontage; Open ground floor for client‑facing use, plus a second‑level loft suitable for private offices or collaborative workspace; Includes a full kitchen, one full bathroom, and an additional half bath
