Updated Mixed-Use
For Sale
$995,000
306 W Stassney Ln Unit 1&2, Austin, TX 78745
Two buildings, central air, and frontage support office or live-work conversion.
Property Size2,863 SF
Lot Size0.44 Acres
Price / SF$347.54
Days on Market396
Property Features for 306 W Stassney Ln Unit 1&2
General Information
Standard status
Active
Size
2,863 SF
Lot size
0.44 Acres
Property subtype
Mixed Use
Zoning
GO-MU-NP
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,335
Amenities
Central Air
3
Parking.
8 Parking Spaces. Gravel, Lot.
Security Lighting.
Building Details
Year Built
1946
Year Renovated
2022
Buildings
2
Listing Agency:
Compass RE Texas, LLC
(512) 300-3622
Listed By:
Harrison Carr · License #0707292
(512) 300-3622
Source:
Xome
Added: Aug 2, 2025
Changed: Aug 30
Last Checked: Aug 31 at 2:18PM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate buildings totaling 2,863 square feet on a 0.44-acre parcel. Both buildings were updated in 2022 and may be converted to office space. The property also includes multiple storage buildings, additional fencing, landscaping, central air, security lighting, and eight front parking spaces. Green space at the rear could accommodate additional parking.
Located at 306 W Stassney Ln, the property has frontage along Stassney and is zoned GO-MU-NP. Current residential tenants are in place. The site is presented as suitable for professional offices, medical or wellness uses, creative studios, and live-work concepts. Residential development options under SB840 are also identified, including a stated allowance of up to 54 units per acre and reduced compatibility setbacks; confirmation should be obtained from the City of Austin.
Located at 306 W Stassney Ln, the property has frontage along Stassney and is zoned GO-MU-NP. Current residential tenants are in place. The site is presented as suitable for professional offices, medical or wellness uses, creative studios, and live-work concepts. Residential development options under SB840 are also identified, including a stated allowance of up to 54 units per acre and reduced compatibility setbacks; confirmation should be obtained from the City of Austin.
Key Highlights
- 0.44‑acre mixed‑use property with 2,863 SF across two separate buildings
- Buildings updated in 2022 and potentially convertible to office space
- GO‑MU‑NP zoning with Stassney frontage
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
$47,669
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
4.79%
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%
$953,380
$953.4K
Cap Rate 7%
$680,986
$681.0K
Cap Rate 9%
$529,656
$529.7K
Market Conditions
NOI Build-Up for 2,863 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
$85.9K $30.00/SF
− Vacancy
−$22.3K −$7.80/SF
EGI
$63.6K $22.20/SF
− OpEx
−$15.9K −$5.55/SF
NOI
$47.7K $16.65/SF
Area
ZIP 78745
Vacancy
26.00%
Lease Rate
$30.00 /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%
$953,380
Cap Rate 7%
$680,986
Cap Rate 9%
$529,656
Alternative Uses
Best Use
Office B
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 4.79%
Second Best
Mixed Use
$552.2K
$483.1K – $644.2K
NOI $38,651 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,776 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
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 - Two buildings, central air, and frontage support office or live-work conversion.
Where is this mixed-use property located?
The property is located at 306 W Stassney Ln Unit 1&2 Austin, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 0.44‑acre mixed‑use property with 2,863 SF across two separate buildings; Buildings updated in 2022 and potentially convertible to office space; GO‑MU‑NP zoning with Stassney frontage
