East Austin Commercial
For Sale
$450,000
2235 E 6th St 106, Austin, TX 78702
Ground-floor commercial condo in a mixed-use development.
Property Size721 SF
Price / SF$624.13
Days on Market148
Property Features for 2235 E 6th St 106
General Information
Standard status
Active
Size
721 SF
Building Details
Year Built
2007
Listing Agency:
Jorgenson Real Estate
Listed By:
Kasey Jorgenson · License #0607514
(512) 574-5484
Source:
Cityviewtx
Added: Apr 24
Changed: Sep 2
Last Checked: Sep 18 at 1:33PM
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 Jorgenson Real Estate
Investment Insights
Based on property information with market context.
This condominium unit offers an opportunity to acquire a 723 square foot ground-floor commercial condo in East Austin. Located on East 6th Street, the property is part of a mixed-use development combining residential and commercial spaces in an active urban area. The space is suited for an owner/user seeking a centrally located office, retail space, or professional services presence. The layout supports various configurations. Positioned along the East 6th corridor, the property benefits from density, walkability, and proximity to Downtown Austin. The bike score is 89, indicating it is very bikeable. The walk score is 79, indicating it is very walkable. The transit score is 54, indicating good transit.
Key Highlights
- Prime East Austin location on the high‑traffic East 6th Street corridor.
- ±723 SF ground‑floor commercial condo suitable for office, retail, or professional services.**
- Located in a mixed‑use development with residential and commercial synergy.
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
$14,687
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
3.26%
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%
$293,740
$293.7K
Cap Rate 7%
$209,814
$209.8K
Cap Rate 9%
$163,189
$163.2K
Market Conditions
NOI Build-Up for 721 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
$25.9K $35.88/SF
− Vacancy
−$6.3K −$8.72/SF
EGI
$19.6K $27.16/SF
− OpEx
−$4.9K −$6.79/SF
NOI
$14.7K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /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%
$293,740
Cap Rate 7%
$209,814
Cap Rate 9%
$163,189
Alternative Uses
Best Use
Office B
$209.8K
$183.6K – $244.8K
NOI $14,687 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$181.4K
$158.7K – $211.6K
NOI $12,696 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$282.5K
$247.2K – $329.6K
NOI $19,778 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
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Frequently Asked Questions
What type of property is this?
Office units - Ground-floor commercial condo in a mixed-use development.
Where is this office units located?
The property is located at 2235 E 6th St 106 Austin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime East Austin location on the high‑traffic East 6th Street corridor.; ±723 SF ground‑floor commercial condo suitable for office, retail, or professional services.**; Located in a mixed‑use development with residential and commercial synergy.
