Office
For Sale
Contact for pricing
1709 Burton Drive, Austin, TX 78741
Completed in 2021, this office property has a defined commercial workspace.
Property Size3,000 SF
Price / SF$2.33
Days on Market51
Property Features for 1709 Burton Drive
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Site & Location
Neighborhood
Riverside
Additional Details
Property Use
Office
Building Details
Year Built
2021
Listing Agency:
Joseph Companies, LLC
(512) 222-7866
Listed By:
Sammie Joseph · License #0530455
(512) 450-8091
Source:
Hoydenhomes
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 28 at 4:17PM
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 Joseph Companies, LLC
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Investment Insights
Based on property information with market context.
The office property contains 3,000 square feet and was completed in 2021. It is located at 1709 Burton Drive in Austin, Texas.
Key Highlights
- 3,000‑square‑foot office property
- Built in 2021
- Located at 1709 Burton Drive, Austin, TX 78741
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,113
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,260
$1.2M
Cap Rate 7%
$873,043
$873.0K
Cap Rate 9%
$679,033
$679.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$107.6K $35.88/SF
− Vacancy
−$26.2K −$8.72/SF
EGI
$81.5K $27.16/SF
− OpEx
−$20.4K −$6.79/SF
NOI
$61.1K $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 Rate 5%
$1,222,260
Cap Rate 7%
$873,043
Cap Rate 9%
$679,033
Alternative Uses
Best Use
Office B
$873.0K
$763.9K – $1.02M
NOI $61,113 @ 7.0% cap · market cap 873.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,292 @ 7.0% cap · market cap 1,175.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
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Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Completed in 2021, this office property has a defined commercial workspace.
Where is this office unit located?
The property is located at 1709 Burton Drive Austin, TX.
What are key features of this property?
This property features: 3,000‑square‑foot office property; Built in 2021; Located at 1709 Burton Drive, Austin, TX 78741
