Standalone Office
For Sale
$2,350,000
1823 Fortview RD, Austin, TX 78704
Limited Office zoning, solar panels, and Google Fiber support an established multi-suite workplace environment.
Property Size8,252 SF
Lot Size0.51 Acres
Price / SF$284.78
Days on Market409
Property Features for 1823 Fortview RD
General Information
Standard status
Active
Size
8,252 SF
Total Parking Spaces
29
Lot size
0.51 Acres
Property subtype
Office
Zoning
LO
Additional Details
Office Units
16
Taxes and HOA fees
Annual Taxes
$46,569
Amenities
solar panels
Google Fiber
water fountains
Building Details
Building Size
8,252 SF
Year Built
1985
Buildings
1
Tenancy
Multi
Parking Ratio
3.33 per 1,000 SF
Listing Agency:
Trevor Benz Dickens
(512) 656-2903
Listed By:
Trevor Dickens
Source:
Teamwestre
Added: Jun 23, 2025
Changed: Aug 4
Last Checked: Aug 5 at 4:45AM
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 Trevor Benz Dickens
Investment Insights
Based on property information with market context.
The 8,252-square-foot office building was constructed in 1985 and is arranged into 16 suites, currently leased on a triple-net basis. Several occupants are on month-to-month terms, while the longest stated lease runs through 4/30/25. The property may accommodate an owner/occupant seeking to absorb space as leases conclude. Solar panels on the roof help offset electricity demand, and Google Fiber provides data service. Most HVAC units have been replaced during the past decade.
Located at 1823 Fortview RD in Austin’s 78704 area, the property offers access to Lamar, Ben White, and Menchaca. The 0.509-acre site is zoned Limited Office (LO) and includes 28 parking spaces plus 1 handicap space, an approximately 1:300 parking ratio. Since 2019, improvements have included painting, bathroom renovations, lighting, driveway repairs, flooring updates, awning replacement, water fountains, and landscaping work.
Located at 1823 Fortview RD in Austin’s 78704 area, the property offers access to Lamar, Ben White, and Menchaca. The 0.509-acre site is zoned Limited Office (LO) and includes 28 parking spaces plus 1 handicap space, an approximately 1:300 parking ratio. Since 2019, improvements have included painting, bathroom renovations, lighting, driveway repairs, flooring updates, awning replacement, water fountains, and landscaping work.
Key Highlights
- 8,252‑square‑foot office building on a 0.509‑acre site
- 16 office suites leased on a triple‑net basis
- 28 parking spaces plus 1 handicap space; approximately 1:300 parking ratio
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 | $247.6k | $30.00 |
| − Vacancy | −$74.0k | −$8.97 |
| EGI | $173.5k | $21.03 |
| − OpEx | −$43.4k | −$5.26 |
| NOI | $130.2k | $15.77 |
8,252 SF · lease $30.00/SF/yr · vacancy 29.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,155 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,875 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 78704, TX
49,197
Population
29,959
Households
1.6
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
5,591
Density / Sq Mi
$97,160
Median Household Income
$67,527
Median Earnings
$1,755
Median Rent
$862,000
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 building - Limited Office zoning, solar panels, and Google Fiber support an established multi-suite workplace environment.
Where is this office building located?
The property is located at 1823 Fortview RD Austin, TX.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 8,252‑square‑foot office building on a 0.509‑acre site; 16 office suites leased on a triple‑net basis; 28 parking spaces plus 1 handicap space; approximately 1:300 parking ratio
