Two-Suite Flex Warehouse
17-15210 Fitzhugh Road Austin, TX 78736
17-15210 Fitzhugh Road, Austin, TX, 78736
$1,825,000
For Sale
$1,825,000
Two-suite warehouse flex condo with high-clear space, mezzanine offices, and grade-level loading.
Property Size7,500 SF
Price / SF$243.33
Days on Market23
Property Features for 17-15210 Fitzhugh Road
General Information
- Standard status
- Active
- Size
- 7,500 SF
Listing agency
eXp Realty LLC
(512) 909-5080
Listed by
Eugene Batson
(512) 909-5080
Source
Exprealty
Added: Jun 29 Updated: Jul 21 at 4:54PM Checked: Jul 21 at 4:54PM
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 designed for owner-users and investors, with Suite 1400 available and Suite 1401 currently leased through February 2028. The property includes high-clear warehouse areas, a mezzanine office buildout, and grade-level loading, supported by concrete drive and parking areas. In addition, there is an extra side parking/yard area and a pump house/storage structure included in the approximately 7,500 SF total per the owner.
The asset is located within Fitzhugh Town Center Condominiums and offers convenient access to US-290 and Hwy 71, near Dripping Springs and southwest Austin. The fit between the two suites also supports an operational approach where an owner-user can occupy Suite 1400 while maintaining scheduled income from the adjacent leased space.
Buyer to independently verify all square footage, lease details, use, restrictions, taxes, utilities, parking/yard rights, and condo association information.
The asset is located within Fitzhugh Town Center Condominiums and offers convenient access to US-290 and Hwy 71, near Dripping Springs and southwest Austin. The fit between the two suites also supports an operational approach where an owner-user can occupy Suite 1400 while maintaining scheduled income from the adjacent leased space.
Buyer to independently verify all square footage, lease details, use, restrictions, taxes, utilities, parking/yard rights, and condo association information.
Key Highlights
- Newer two‑suite commercial condo in Fitzhugh Town Center Condominiums: occupy Suite 1400 and receive leased income from Suite 1401
- Suite 1401 is leased through February 2028, providing scheduled income while Suite 1400 is available for an owner‑user or new tenant
- Approximately 7,500 SF total per owner, including the pump house/storage structure (buyer to verify square footage)
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
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-suite warehouse flex condo with high-clear space, mezzanine offices, and grade-level loading.
Where is this flex space located?
The property is located at 17-15210 Fitzhugh Road 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: Newer two‑suite commercial condo in Fitzhugh Town Center Condominiums: occupy Suite 1400 and receive leased income from Suite 1401; Suite 1401 is leased through February 2028, providing scheduled income while Suite 1400 is available for an owner‑user or new tenant; Approximately 7,500 SF total per owner, including the pump house/storage structure (buyer to verify square footage)
