Office Unit With Private
For Sale
$549,500
3109 Kenai DR # 109, Cedar Park, TX 78613
Professionally configured suite with reception, meeting, break, and restroom areas for day-to-day business operations.
Property Size1,320 SF
Price / SF$418.83
Days on Market125
Property Features for 3109 Kenai DR # 109
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$11,583
Amenities
private offices
conference room
reception area
break room
restrooms
storefront windows
Building Details
Building Size
1,320 SF
Year Built
2018
Listing Agency:
All City Real Estate Ltd. Co
(512) 590-4165
Listed By:
Venkat Gudapuri
Source:
Teamwestre
Added: Apr 9
Changed: Aug 9
Last Checked: Aug 10 at 9:45AM
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 All City Real Estate Ltd. Co
Investment Insights
Based on property information with market context.
This 1,312 SF office unit, built in 2018, offers a practical layout for professional operations. The suite includes five private offices, a conference room, reception area, break room, and two restrooms. Storefront windows bring natural light into the interior, while recent paint updates provide a refreshed presentation.
Located at 3109 Kenai DR # 109 in Cedar Park, the property is near Parmer Lane and includes on-site parking. The combination of private work areas, shared meeting space, customer-facing reception, and supporting amenities creates a functional office configuration.
Located at 3109 Kenai DR # 109 in Cedar Park, the property is near Parmer Lane and includes on-site parking. The combination of private work areas, shared meeting space, customer-facing reception, and supporting amenities creates a functional office configuration.
Key Highlights
- 1,312 SF office unit built in 2018
- Five private offices and one conference room
- Reception area, break room, and two restrooms
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
$31,285
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
5.69%
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%
$625,700
$625.7K
Cap Rate 7%
$446,929
$446.9K
Cap Rate 9%
$347,611
$347.6K
Market Conditions
NOI Build-Up for 1,312 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
$55.1K $42.00/SF
− Vacancy
−$13.4K −$10.21/SF
EGI
$41.7K $31.79/SF
− OpEx
−$10.4K −$7.95/SF
NOI
$31.3K $23.85/SF
Area
Williamson 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%
$625,700
Cap Rate 7%
$446,929
Cap Rate 9%
$347,611
Alternative Uses
Best Use
Office B
$446.9K
$391.1K – $521.4K
NOI $31,285 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.9K – $639.9K
NOI $38,391 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 78613, TX
89,279
Population
34,198
Households
2.6
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
27.7 sq mi
ZIP Area
3,223
Density / Sq Mi
$120,829
Median Household Income
$61,782
Median Earnings
$1,733
Median Rent
$461,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally configured suite with reception, meeting, break, and restroom areas for day-to-day business operations.
Where is this office units located?
The property is located at 3109 Kenai DR # 109 Cedar Park, TX.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 1,312 SF office unit built in 2018; Five private offices and one conference room; Reception area, break room, and two restrooms
