Flex Space with Warehouse
New
For Sale
$1,500,000
19832 Panther DR, Pflugerville, TX 78660
Modern commercial space combines warehouse, mezzanine, storage, and administrative areas within a practical business layout.
Property Size4,800 SF
Price / SF$312.50
Days on Market7
Property Features for 19832 Panther DR
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Warehouse
Amenities
Central Air, Electric
3
Parking.
8 Parking Spaces. Shared Driveway, On Site, Lot.
Building Details
Year Built
2023
Listing Agency:
DLX Realty, LLC
Listed By:
Samuel Lee
(512) 309-5145
Source:
Xome
Added: Aug 30
Changed: Sep 4
Last Checked: Sep 4 at 2:35PM
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 DLX Realty, LLC
Investment Insights
Based on property information with market context.
This flex space comprises 4,800 square feet across Units 505 and 506, with a warehouse mezzanine integrated into the overall configuration. The interior supports distinct operational, storage, and administrative areas, with central air and electric service identified among the interior features. Built in 2023, the property offers a contemporary commercial setting for business operations and equipment storage.
The property is located at 19832 Panther DR in Pflugerville, Texas, within Panther Commercial Park. Site features include 8 Parking Spaces, on-site lot parking, and a shared driveway. The units provide a combined commercial footprint in a suburban business-park environment.
The property is located at 19832 Panther DR in Pflugerville, Texas, within Panther Commercial Park. Site features include 8 Parking Spaces, on-site lot parking, and a shared driveway. The units provide a combined commercial footprint in a suburban business-park environment.
Key Highlights
- 4,800 SF across Units 505 and 506
- Warehouse mezzanine included in the interior layout
- Built in 2023
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
$48,325
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
3.22%
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%
$966,500
$966.5K
Cap Rate 7%
$690,357
$690.4K
Cap Rate 9%
$536,944
$536.9K
Market Conditions
NOI Build-Up for 4,800 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
$71.4K $14.88/SF
− Vacancy
−$14.6K −$3.04/SF
EGI
$56.9K $11.84/SF
− OpEx
−$8.5K −$1.78/SF
NOI
$48.3K $10.07/SF
Area
Travis County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
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%
$966,500
Cap Rate 7%
$690,357
Cap Rate 9%
$536,944
Alternative Uses
Best Use
Warehouse
$690.4K
$604.1K – $805.4K
NOI $48,325 @ 7.0% cap · market cap 3.22%
Second Best
Industrial
$613.5K
$536.8K – $715.8K
NOI $42,947 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,456 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78660, TX
110,955
Population
44,399
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
44.6 sq mi
ZIP Area
2,488
Density / Sq Mi
$109,522
Median Household Income
$55,927
Median Earnings
$1,769
Median Rent
$369,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Modern commercial space combines warehouse, mezzanine, storage, and administrative areas within a practical business layout.
Where is this flex space located?
The property is located at 19832 Panther DR Pflugerville, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,800 SF across Units 505 and 506; Warehouse mezzanine included in the interior layout; Built in 2023
