Retail Space with Fenced
New
For Sale
Contact for pricing
2008 E 12th ST, Austin, TX 78702
Austin, TX
Property Size2,342 SF
Price / SF$2.13
Days on Market3
Property Features for 2008 E 12th ST
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Division B
Standard status
Active
Amenities
fenced side yard
kitchenette
private restroom
three separate entrances
Building Details
Year built
1984
Listing Agency:
Engel & Volkers Austin Westlake · Engel & Völkers
(512) 328-3939
Listed By:
Carrie Yeager
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 9:06AM
MLS# 1707815
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,342-square-foot retail space has an open plan and was recently renovated. Three entrances provide separate access points, and a central kitchenette and private restroom serve the interior. A fenced side yard adds outdoor area.
Retail, creative-office, and studio concepts are identified as potential uses, subject to applicable approvals. The property was built in 1984 and is located in Austin.
Retail, creative-office, and studio concepts are identified as potential uses, subject to applicable approvals. The property was built in 1984 and is located in Austin.
Key Highlights
- 2,342‑square‑foot open‑plan retail space
- Fenced side yard adds outdoor area
- Three separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,239
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,780
$824.8K
Cap Rate 7%
$589,129
$589.1K
Cap Rate 9%
$458,211
$458.2K
Market Conditions
NOI Build-Up for 2,342 SF
Gross rent
$61.0K $26.04/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$58.9K $25.15/SF
− OpEx
−$17.7K −$7.55/SF
NOI
$41.2K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,780
Cap Rate 7%
$589,129
Cap Rate 9%
$458,211
Alternative Uses
Best Use
Office B
$681.6K
$596.4K – $795.2K
NOI $47,709 @ 7.0% cap · market cap 954.18%
Second Best
Retail
$589.1K
$515.5K – $687.3K
NOI $41,239 @ 7.0% cap · market cap 824.78%
Theoretical Best
Office A
$917.8K
$803.0K – $1.07M
NOI $64,243 @ 7.0% cap · market cap 1,284.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
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?
Retail space - An adaptable open plan includes three separate points of entry and a fenced side yard.
Where is this retail space located?
The property is located at 2008 E 12th ST Austin, TX.
What are key features of this property?
This property features: 2,342‑square‑foot open‑plan retail space; Fenced side yard adds outdoor area; Three separate entrances
