Mixed-Use Property with
For Sale
Contact for pricing
2300 West Parmer Lane, Austin, TX 78727
Stucco commercial building with offices, a conference room, showroom space, parking, and a fenced outdoor pool area.
Property Size3,258 SF
Lot Size0.07 Acres
Price / SF$414.36
Days on Market11
Property Features for 2300 West Parmer Lane
General Information
Standard status
Active
Size
3,258 SF
Total Parking Spaces
18
Lot size
0.07 Acres
Property subtype
Office, Mixed Use
Investment Type
Owner/User
Amenities
pool
Building Details
Year Built
1969
Buildings
1
Construction
stucco
Tenancy
Single
Abandoned
No
Listing Agency:
CBRE - Austin
(512) 499-4928
Listed By:
Bradley Bailey · License #429729-B
Source:
Crexi
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 29 at 7:17PM
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 CBRE - Austin
Investment Insights
Based on property information with market context.
This 3,258-square-foot stucco mixed-use property includes several offices, a conference room, a compact showroom, and an outdoor pool enclosed by fencing. The building was constructed in 1969 and includes 18 parking spaces.
Located at 2300 West Parmer Lane in Austin, Texas, the property is being offered for sale following its prior use as a pool company showroom. The existing combination of office, showroom, conference, parking, and fenced outdoor areas provides a varied commercial configuration within one site.
Located at 2300 West Parmer Lane in Austin, Texas, the property is being offered for sale following its prior use as a pool company showroom. The existing combination of office, showroom, conference, parking, and fenced outdoor areas provides a varied commercial configuration within one site.
Key Highlights
- 3,258‑square‑foot stucco commercial building
- Several offices, conference room, and showroom space
- 18 parking spaces
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
$66,368
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
4.92%
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%
$1,327,360
$1.3M
Cap Rate 7%
$948,114
$948.1K
Cap Rate 9%
$737,422
$737.4K
Market Conditions
NOI Build-Up for 3,258 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
$116.9K $35.88/SF
− Vacancy
−$28.4K −$8.72/SF
EGI
$88.5K $27.16/SF
− OpEx
−$22.1K −$6.79/SF
NOI
$66.4K $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%
$1,327,360
Cap Rate 7%
$948,114
Cap Rate 9%
$737,422
Alternative Uses
Best Use
Office B
$948.1K
$829.6K – $1.11M
NOI $66,368 @ 7.0% cap · market cap 4.92%
Second Best
Retail
$819.5K
$717.1K – $956.1K
NOI $57,368 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,369 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 78727, TX
29,928
Population
14,863
Households
2
Avg Household Size
35
Median Age
63%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
3,837
Density / Sq Mi
$107,194
Median Household Income
$65,016
Median Earnings
$1,818
Median Rent
$483,200
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?
Mixed-use property - Stucco commercial building with offices, a conference room, showroom space, parking, and a fenced outdoor pool area.
Where is this mixed-use property located?
The property is located at 2300 West Parmer Lane Austin, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,258‑square‑foot stucco commercial building; Several offices, conference room, and showroom space; 18 parking spaces
