Office Building with
For Sale
Contact for pricing
2605 HOWARD LN, Austin, TX 78753
GR-zoned site includes an existing office improvement and access from two roads.
Property Size1,200 SF
Lot Size0.40 Acres
Price / SF$541.67
Days on Market18
Property Features for 2605 HOWARD LN
General Information
Standard status
Active
Size
1,200 SF
Class
D
Lot size
0.40 Acres
Property subtype
Retail, Office, Land
Zoning
GR
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1965
Year Renovated
2026
Buildings
1
Stories
1
Units
1
Building Size
1,200 SF
Listing Agency:
Deal Vision
(512) 762-7569
Listed By:
Jackson Steinle · License #783155
Source:
Crexi
Added: Aug 5
Changed: Aug 13
Last Checked: Aug 21 at 8:30PM
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 Deal Vision
Investment Insights
Based on property information with market context.
This office property combines a 1,200 SF existing building with approximately 0.4 acres of land. Constructed in 1965, the site has water, sewer, and electric utilities in place. GR zoning and City of Austin Full Purpose jurisdiction apply to the property.
Access is provided from W. Howard Lane and Daisy Drive, with approximately 6,190 cars per day along W. Howard Lane. The site is less than one mile from Mopac and approximately 15 minutes from Downtown Austin. The surrounding area includes residential density, local businesses, schools, and major employment nodes, with a reported 112,000-plus daytime population and nearly 49,000 households within the 15-minute trade area.
Access is provided from W. Howard Lane and Daisy Drive, with approximately 6,190 cars per day along W. Howard Lane. The site is less than one mile from Mopac and approximately 15 minutes from Downtown Austin. The surrounding area includes residential density, local businesses, schools, and major employment nodes, with a reported 112,000-plus daytime population and nearly 49,000 households within the 15-minute trade area.
Key Highlights
- Approximately 0.4 acres with an existing 1,200 SF office
- GR zoning within the City of Austin Full Purpose jurisdiction
- Built in 1965 with water, sewer, and electric utilities in place
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
$24,445
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
3.76%
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%
$488,900
$488.9K
Cap Rate 7%
$349,214
$349.2K
Cap Rate 9%
$271,611
$271.6K
Market Conditions
NOI Build-Up for 1,200 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
$43.1K $35.88/SF
− Vacancy
−$10.5K −$8.72/SF
EGI
$32.6K $27.16/SF
− OpEx
−$8.1K −$6.79/SF
NOI
$24.4K $20.37/SF
Area
ZIP 78753
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%
$488,900
Cap Rate 7%
$349,214
Cap Rate 9%
$271,611
Alternative Uses
Best Use
Office B
$349.2K
$305.6K – $407.4K
NOI $24,445 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.2K
$411.5K – $548.6K
NOI $32,917 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 78753, TX
58,761
Population
25,345
Households
2.3
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
11.3 sq mi
ZIP Area
5,200
Density / Sq Mi
$62,334
Median Household Income
$38,278
Median Earnings
$1,447
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - GR-zoned site includes an existing office improvement and access from two roads.
Where is this office building located?
The property is located at 2605 HOWARD LN Austin, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 0.4 acres with an existing 1,200 SF office; GR zoning within the City of Austin Full Purpose jurisdiction; Built in 1965 with water, sewer, and electric utilities in place
