Two Adjacent Office
For Sale
$444,900
2015 Monarch Dr Unit C&D, Austin, TX 78748
Two adjacent office condominium units offer updated interiors and a new roof, each with 1 HVAC system.
Property Size1,220 SF
Price / SF$364.67
Days on Market124
Property Features for 2015 Monarch Dr Unit C&D
General Information
Standard status
Active
Size
1,220 SF
Property subtype
Office
Additional Details
Office Units
2
Building Details
Year Built
1982
Listing Agency:
Stanberry REALTORS
(512) 751-2319
Listed By:
Richard Ryon
(512) 751-2319
Source:
Xome
Added: Apr 5
Changed: Jul 22
Last Checked: Aug 5 at 5:03AM
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 Stanberry REALTORS
Investment Insights
Based on property information with market context.
This offering consists of two office condominium units in a five-unit office building. The units are adjacent and could be combined, or used separately with one unit leased out while the other is occupied. Each unit is approximately 610 square feet and includes updates to flooring and the bathroom, along with a new roof and 1 HVAC per unit.
The property is located in busy south Austin, at 2015 Monarch Dr Unit C&D. The property is served by POA dues of $475, which covers water and wastewater, as well as CAM.
For buyers seeking flexible space in an office condominium setting, the adjacent configuration supports multiple occupancy strategies while benefiting from recent roof and interior updates.
The property is located in busy south Austin, at 2015 Monarch Dr Unit C&D. The property is served by POA dues of $475, which covers water and wastewater, as well as CAM.
For buyers seeking flexible space in an office condominium setting, the adjacent configuration supports multiple occupancy strategies while benefiting from recent roof and interior updates.
Key Highlights
- Two adjacent office condominium units in a five‑office building in south Austin (610 SF each; 1,220 SF combined)
- New roof plus flooring and bathroom updates
- Central air; each unit has 1 HVAC system
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 | $36.6k | $30.00 |
| − Vacancy | −$8.6k | −$7.08 |
| EGI | $28.0k | $22.92 |
| − OpEx | −$7.0k | −$5.73 |
| NOI | $21.0k | $17.19 |
1,220 SF · lease $30.00/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$299.6K
$262.2K – $349.5K
NOI $20,972 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.7K
$372.5K – $496.6K
NOI $29,797 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 78748, TX
55,226
Population
25,694
Households
2.1
Avg Household Size
35
Median Age
56%
College-Educated
95%
High-School Grad
14.1 sq mi
ZIP Area
3,917
Density / Sq Mi
$107,652
Median Household Income
$59,611
Median Earnings
$1,711
Median Rent
$434,100
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 units - Two adjacent office condominium units offer updated interiors and a new roof, each with 1 HVAC system.
Where is this office units located?
The property is located at 2015 Monarch Dr Unit C&D Austin, TX.
What is the asking price?
The asking price for this property is $444,900.
What are key features of this property?
This property features: Two adjacent office condominium units in a five‑office building in south Austin (610 SF each; 1,220 SF combined); New roof plus flooring and bathroom updates; Central air; each unit has 1 HVAC system
