Lakeway Office Building For
2802-2806 Flintrock Trce Lakeway, TX
For Sale
Contact for pricing
Second-floor office space in Lakeway near retail and medical.
Property Size698 SF
Lot Size3.27 Acres
Price / SF$428.37
Days on Market738
Property Features for 2802-2806 Flintrock Trce
General Information
- Standard status
- Active
- Size
- 698 SF
- Lot size
- 3.27 Acres
- Property subtype
- OFFICE
Listing Agency:
Trek Investment Group
(512) 433-6999
Listed By:
Chris Matlock · License #574702
(512) 433-6999
Source:
Moodyscre
Added: Jul 18, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:33AM
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 Trek Investment Group
Investment Insights
Based on property information with market context.
The Flintrock Trace Office Building offers a second-floor professional office space for sale in Lakeway, Texas. Constructed in 2005, the space provides 698 square feet of leasable area, suitable for owner-user purposes. The property features a corner office suite surrounded by windows, a private break room with a sink and storage, and an open-concept reception area. Located near the intersection of RM 620 and Flint Rock Road, the office space is centrally positioned in Lakeway. The surrounding area includes national retailers such as H-E-B, Starbucks, Walgreens, Bank of America, and Randalls. The property is also in close proximity to the Baylor Scott and White Medical Center.
Key Highlights
- Prime location in the affluent Lakeway suburb of Austin, Texas.
- High average household income ($218,234 within a 1‑mile radius).
- Spacious corner office suite with ample windows.
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 | $29.3k | $42.00 |
| − Vacancy | −$7.1k | −$10.21 |
| EGI | $22.2k | $31.79 |
| − OpEx | −$5.5k | −$7.95 |
| NOI | $16.6k | $23.85 |
698 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$237.8K
$208.1K – $277.4K
NOI $16,644 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.8K
$255.3K – $340.4K
NOI $20,425 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - Second-floor office space in Lakeway near retail and medical.
Where is this office units located?
The property is located at 2802-2806 Flintrock Trce Lakeway, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime location in the affluent Lakeway suburb of Austin, Texas.; High average household income ($218,234 within a 1‑mile radius).; Spacious corner office suite with ample windows.
