End-Unit Office
For Sale
$299,999
2911 S A W Grimes Blvd #740 and 750, Pflugerville, TX 78660
Includes four private offices, a reception area, ADA restroom, and coffee area with sink.
Property Size880 SF
Price / SF$340.91
Days on Market322
Property Features for 2911 S A W Grimes Blvd #740 and 750
General Information
Standard status
Active
Size
880 SF
Property subtype
Commercial
Building Details
Building Size
880 SF
Year Built
2018
Buildings
23
Listing Agency:
FULL CIRCLE RE
(512) 375-3245
Listed By:
Vanoj Revuri
Source:
Loessinproperties
Added: Oct 7, 2025
Changed: Aug 17
Last Checked: Aug 23 at 12:14PM
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 FULL CIRCLE RE
Investment Insights
Based on property information with market context.
This 880-square-foot office condo was built in 2018 and offers a practical layout for general office operations. The interior includes four offices, a reception area, an ADA restroom, and a coffee area with sink. As an end unit, it benefits from additional windows and natural light. The building has four-sided masonry construction.
Located within the Tallgrass development in Pflugerville, the property includes access to common parking spaces. The POA does not allow retail use. The space has been identified for general office applications, including medical office and real estate businesses.
Located within the Tallgrass development in Pflugerville, the property includes access to common parking spaces. The POA does not allow retail use. The space has been identified for general office applications, including medical office and real estate businesses.
Key Highlights
- 880 SF office condo in the Tallgrass development
- Four offices plus reception area
- ADA restroom and coffee area with sink
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
$20,984
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
6.99%
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%
$419,680
$419.7K
Cap Rate 7%
$299,771
$299.8K
Cap Rate 9%
$233,156
$233.2K
Market Conditions
NOI Build-Up for 880 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
$37.0K $42.00/SF
− Vacancy
−$9.0K −$10.21/SF
EGI
$28.0K $31.79/SF
− OpEx
−$7.0K −$7.95/SF
NOI
$21.0K $23.85/SF
Area
Travis County, TX
Vacancy
24.30%
Lease Rate
$42.00 /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%
$419,680
Cap Rate 7%
$299,771
Cap Rate 9%
$233,156
Alternative Uses
Best Use
Office B
$299.8K
$262.3K – $349.7K
NOI $20,984 @ 7.0% cap · market cap 6.99%
Second Best
Healthcare Medical
$228.1K
$199.6K – $266.1K
NOI $15,967 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$367.9K
$321.9K – $429.2K
NOI $25,750 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 78660, TX
110,955
Population
44,399
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
44.6 sq mi
ZIP Area
2,488
Density / Sq Mi
$109,522
Median Household Income
$55,927
Median Earnings
$1,769
Median Rent
$369,300
Median Home Value
Market
Vacancy Rate% for Office in South region
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 units - Includes four private offices, a reception area, ADA restroom, and coffee area with sink.
Where is this office units located?
The property is located at 2911 S A W Grimes Blvd #740 and 750 Pflugerville, TX.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 880 SF office condo in the Tallgrass development; Four offices plus reception area; ADA restroom and coffee area with sink
