Live-Work Office Redevelopment
2024 W Ben White Blvd Austin, TX 78704
New
2024 W Ben White Blvd, Austin, TX, 78704
$345,000
For Sale
$345,000
A 1,014 sq ft existing structure on a 0.175-acre lot with access to major South Austin thoroughfares.
Property Size1,014 SF
Lot Size0.18 Acres
Price / SF$340.24
Days on Market3
Property Features for 2024 W Ben White Blvd
General Information
- Standard status
- Active
- Size
- 1,014 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing Agency
(512) 630-0306
Listed by
Rosie Hayer · License #0622318
(512) 630-0306
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 3:59 am Checked: Jul 20 at 3:59 am
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 Rosie Hayer
Investment Insights
Based on property information with market context.
This property offers an existing 1,014 sq ft structure on an approximately 0.175-acre lot, suited for flexible occupancy and potential redevelopment planning. The asset is presented for options including office conversion, live/work use (subject to zoning), continued occupancy, or redevelopment while future improvements are considered. Buyers are encouraged to verify zoning, permitted uses, and redevelopment opportunities with the City of Austin.
Located at 2024 W Ben White Blvd in South Austin, the property provides convenient access to major thoroughfares including Highway 290, Highway 71, and IH-35. The listing notes the property is minutes from Downtown Austin and Austin-Bergstrom International Airport, with nearby retail centers and restaurants. WalkScore is reported as 74 (Very Walkable), bikeScore 83 (Very Bikeable), and transitScore 46 (Some Transit).
Located at 2024 W Ben White Blvd in South Austin, the property provides convenient access to major thoroughfares including Highway 290, Highway 71, and IH-35. The listing notes the property is minutes from Downtown Austin and Austin-Bergstrom International Airport, with nearby retail centers and restaurants. WalkScore is reported as 74 (Very Walkable), bikeScore 83 (Very Bikeable), and transitScore 46 (Some Transit).
Key Highlights
- 1,014 sq ft existing structure on an approximately 0.175‑acre lot (Year built: 1954)
- Flexible space for office conversion, live/work use (subject to zoning), redevelopment, or continued occupancy
- Easy access to major thoroughfares including Hwy 290, Hwy 71, and IH‑35
Local Financial Insights For Mixed Use
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 | $30.4k | $30.00 |
| − Vacancy | −$3.7k | −$3.60 |
| EGI | $26.8k | $26.40 |
| − OpEx | −$10.0k | −$9.90 |
| NOI | $16.7k | $16.50 |
1,014 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$239.0K
$209.1K – $278.9K
NOI $16,731 @ 7.0% cap · market cap 4.85%
Second Best
Office B
$228.5K
$199.9K – $266.6K
NOI $15,993 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$422.8K
$370.0K – $493.3K
NOI $29,599 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - A 1,014 sq ft existing structure on a 0.175-acre lot with access to major South Austin thoroughfares.
Where is this live-work space located?
The property is located at 2024 W Ben White Blvd Austin, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,014 sq ft existing structure on an approximately 0.175‑acre lot (Year built: 1954); Flexible space for office conversion, live/work use (subject to zoning), redevelopment, or continued occupancy; Easy access to major thoroughfares including Hwy 290, Hwy 71, and IH‑35
