Versatile Commercial Units in
2002 Southern Oaks Drive, Austin, TX 78745
Six commercial units with kitchens, studios, and flexible spaces.
Type:Commercial Sale / Multi Family
Property size:
2,780 SFPrice / SF:
$305/SF- Added:
- Jul 26, 2023
- Days on Market:
- 1041
- Last Refresh:
- Mar 13 at 1:11 pm
Property Features for 2002 Southern Oaks Drive
General Information
- Standard status
- Active
- Size
- 2,780 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1982
Listing agent Yusuf Johnson License #0563473 (512) 419-8020
Listing office eXp Realty, LLC (512) 419-8020
Listing date Jul 26, 2023
Source Compass
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
HighLights
- Six commercial units (2780 leasable sf) zoned CS in a premium, central Austin location.
- Two fully permitted commercial kitchens (Units A & B) with Certificates of Occupancy, remodeled for over $100,000, suitable for ghost kitchens or catering.
- Commercial kitchens equipped with ample electrical/plumbing, walk‑in coolers, commercial ovens, Type‑2 vent hoods, and other essential equipment.
- Remodeled, soundproof music studio (Unit F) with cedar detail, loft, and half bath.
- 500‑gallon grease trap installed at the front of the property.
- Versatile unit options including industrial spaces, office/healing space, and commercial kitchens.
Overview
This property features six commercial units zoned CS, totaling 2780 leasable square feet. The units offer versatile spaces suitable for various business needs in a central Austin location. There are four 600-square-foot units: two commercial kitchens (Units A & B) and two designed for industrial use or craftsmanship, with half bathrooms and air conditioning. Unit D includes a cedar-finished bathroom with exterior access and a sink, while Unit C has a toilet and sink. Additionally, there are two smaller units, one 120 square feet and the other 260 square feet. One serves as an office or healing space (Unit E), and the other as a remodeled, soundproof music studio (Unit F) with cedar detail, a loft, and a half bath. Both smaller units are portable, though the music studio's foundation is fixed. The two commercial kitchen units are fully permitted with Certificates of Occupancy and underwent a remodel. They feature commercial kitchens suitable for ghost kitchens or catering, with ample electrical and plumbing capacity, walk-in coolers, and commercial ovens. Each kitchen has an outdoor walk-in cooler (60 and 80 square feet). A 500-gallon grease trap is installed at the front of the property. Each kitchen includes a Type-2 vent hood, mop sink, large 3-compartment sink, hand sink, convection ovens, and 6-burner stoves. Equipment includes fridges, freezers, shelving, stainless tables, and mini-split air conditioning.
Local Financial Insights For Specialty Retail
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 | $72.4k | $26.04 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $69.9k | $25.15 |
| − OpEx | −$17.5k | −$6.29 |
| NOI | $52.4k | $18.87 |
2,780 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$749.2K
$655.6K – $874.1K
NOI $52,447 @ 7.0% cap · market cap 6.17%
Second Best
Office B
$661.2K
$578.6K – $771.5K
NOI $46,287 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,348 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Feral
Food Broker
Jimmy Joe Natoli
High School
SmartFood Kitchen & Nutrition
Physician
Chrissie's Little Healing ...
Medical Clinic
Hot Kebab
Restaurant
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Hays
- State
- Texas
- Longitude
- -97.7959113
- Latitude
- 30.2190424
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial kitchen - Six commercial units with kitchens, studios, and flexible spaces.
Where is this commercial kitchen located?
The property is located at 2002 Southern Oaks Drive Austin, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six commercial units (2780 leasable sf) zoned CS in a premium, central Austin location.; Two fully permitted commercial kitchens (Units A & B) with Certificates of Occupancy, remodeled for over $100,000, suitable for ghost kitchens or catering.; Commercial kitchens equipped with ample electrical/plumbing, walk‑in coolers, commercial ovens, Type‑2 vent hoods, and other essential equipment.
