Two-Level Storefront with Glass
For Sale
Contact for pricing
1601 East Cesar Chavez Street, Austin, TX 78702
Own a two-level storefront with street-facing windows, a kitchen, and parking in a mixed-use loft building.
Property Size1,174 SF
Price / SF$562.10
Days on Market82
Property Features for 1601 East Cesar Chavez Street
General Information
Standard status
Active
Size
1,174 SF
Class
A
Total Parking Spaces
2
Property subtype
Retail, Office
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
1
Stories
1
Units
2
Listing Agency:
7 Streams Commercial Group
Listed By:
Eugene Batson · License #TX 579779
Source:
Crexi
Added: Jun 4
Changed: Aug 24
Last Checked: Aug 23 at 7:51PM
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 7 Streams Commercial Group
Investment Insights
Based on property information with market context.
Unit 104 at Waterstreet Lofts is a high-visibility commercial storefront configured across two levels, totaling approximately 1,174 square feet. The ground floor is designed for client-facing use, with expansive street-facing glass frontage that supports branding visibility and natural light. The upper level provides flexible space for private offices, collaborative work areas, or executive use. The unit includes a full kitchen and one and a half bathrooms, adding day-to-day convenience for showroom, studio, boutique office, or service-oriented operations. Two assigned parking spaces are included in a controlled-access garage.
The property is positioned along East Cesar Chavez in a mixed-use development that includes residential units, which helps create ongoing pedestrian activity. The East Cesar Chavez corridor surrounding Waterstreet Lofts features a dense mix of restaurants, coffee shops, creative studios, and residential growth. The location is also described as being minutes from Downtown Austin, with proximity to Lady Bird Lake, the Saltillo District, and East 6th Street, and quick access to I-35.
This unit is well suited for an owner-user looking for a ground-floor commercial presence combined with adaptable second-level space. The parking and office-ready layout support a range of storefront and light service concepts, while the glass frontage can help keep the space prominent for walk-in and neighborhood-driven traffic.
The property is positioned along East Cesar Chavez in a mixed-use development that includes residential units, which helps create ongoing pedestrian activity. The East Cesar Chavez corridor surrounding Waterstreet Lofts features a dense mix of restaurants, coffee shops, creative studios, and residential growth. The location is also described as being minutes from Downtown Austin, with proximity to Lady Bird Lake, the Saltillo District, and East 6th Street, and quick access to I-35.
This unit is well suited for an owner-user looking for a ground-floor commercial presence combined with adaptable second-level space. The parking and office-ready layout support a range of storefront and light service concepts, while the glass frontage can help keep the space prominent for walk-in and neighborhood-driven traffic.
Key Highlights
- Unit 104 in Waterstreet Lofts built in 2007, offering a two‑level commercial storefront on E Cesar Chavez
- Approximately 1,174 SF with expansive street‑facing glass frontage for branding exposure and natural light
- Ground floor suited for client‑facing uses such as showroom, studio, boutique office, or service‑based business
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
3.62%
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 3.62%
Second Best
Retail
$295.3K
$258.4K – $344.5K
NOI $20,672 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$460.1K
$402.6K – $536.7K
NOI $32,204 @ 7.0% cap · market cap 4.88%
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
Balanced
Demand for This Use
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?
Storefront property - Own a two-level storefront with street-facing windows, a kitchen, and parking in a mixed-use loft building.
Where is this storefront property located?
The property is located at 1601 East Cesar Chavez Street Austin, TX.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Unit 104 in Waterstreet Lofts built in 2007, offering a two‑level commercial storefront on E Cesar Chavez; Approximately 1,174 SF with expansive street‑facing glass frontage for branding exposure and natural light; Ground floor suited for client‑facing uses such as showroom, studio, boutique office, or service‑based business
