Flex Space with Warehouse
For Sale
$2,499,900
2000 Windy Ter Unit 11, Cedar Park, TX 78613
Connected warehouse units pair with office, administrative, and conference areas for integrated business operations.
Property Size7,500 SF
Price / SF$333.32
Days on Market177
Property Features for 2000 Windy Ter Unit 11
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Mixed Use
Amenities
Central Air
3
12 Parking Spaces.
Building Details
Year Built
2015
Listing Agency:
(512) 771-0754
Listed By:
Douglas Elliman Real Estate
(512) 771-0754
Source:
Xome
Added: Mar 6
Changed: Aug 29
Last Checked: Aug 29 at 11:57PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Built in 2015, this 7,500 SF flex property combines connected warehouse units with dedicated office, administrative, and conference areas. Suite 11A contains 4,000 SF and Suite 11B contains 2,000 SF, while the office component adds 1,500 SF. Three garage bays support loading, vehicle storage, or equipment handling, and the facility includes central air and 12 parking spaces.
The warehouse areas provide 18-foot eave heights and a 21-foot clear center height, accommodating vertical storage, equipment, and vehicles. The layout allows the two units to function together or independently. A Drexel SLT30 narrow-aisle forklift with 36V power and swing-arm functionality is included with the sale. The property is located at 2000 Windy Ter Unit 11 in Cedar Park, Texas.
The warehouse areas provide 18-foot eave heights and a 21-foot clear center height, accommodating vertical storage, equipment, and vehicles. The layout allows the two units to function together or independently. A Drexel SLT30 narrow-aisle forklift with 36V power and swing-arm functionality is included with the sale. The property is located at 2000 Windy Ter Unit 11 in Cedar Park, Texas.
Key Highlights
- 7,500 SF flex facility built in 2015
- Suite 11A: 4,000 SF; Suite 11B: 2,000 SF
- 1,500 SF of office, administrative, and conference space
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
$178,841
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
7.15%
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%
$3,576,820
$3.6M
Cap Rate 7%
$2,554,871
$2.6M
Cap Rate 9%
$1,987,122
$2.0M
Market Conditions
NOI Build-Up for 7,500 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
$315.0K $42.00/SF
− Vacancy
−$76.5K −$10.21/SF
EGI
$238.5K $31.79/SF
− OpEx
−$59.6K −$7.95/SF
NOI
$178.8K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /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%
$3,576,820
Cap Rate 7%
$2,554,871
Cap Rate 9%
$1,987,122
Alternative Uses
Best Use
Office B
$2.55M
$2.24M – $2.98M
NOI $178,841 @ 7.0% cap · market cap 7.15%
Second Best
Warehouse
$1.08M
$943.9K – $1.26M
NOI $75,509 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$3.14M
$2.74M – $3.66M
NOI $219,463 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78613, TX
89,279
Population
34,198
Households
2.6
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
27.7 sq mi
ZIP Area
3,223
Density / Sq Mi
$120,829
Median Household Income
$61,782
Median Earnings
$1,733
Median Rent
$461,900
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Connected warehouse units pair with office, administrative, and conference areas for integrated business operations.
Where is this flex space located?
The property is located at 2000 Windy Ter Unit 11 Cedar Park, TX.
What is the asking price?
The asking price for this property is $2,499,900.
What are key features of this property?
This property features: 7,500 SF flex facility built in 2015; Suite 11A: 4,000 SF; Suite 11B: 2,000 SF; 1,500 SF of office, administrative, and conference space
