Customizable Flex Space with
For Sale
$275,000
316-4229 Ranch Road 620 Road N, Austin, TX 78734
Flexible concrete-and-steel suite with mezzanine, storefront roll-up door, and on-site security and services for easy access.
Property Size632 SF
Price / SF$435.13
Days on Market116
Property Features for 316-4229 Ranch Road 620 Road N
General Information
Standard status
Active
Size
632 SF
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$4,325
Listing Agency:
All City Real Estate Ltd. Co
(866) 277-6005
Listed By:
Margo Fesas · License #0611945
(512) 751-5210
Source:
Exprealty
Added: May 26
Changed: Sep 9
Last Checked: Sep 16 at 9:53PM
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 customizable mixed-use flex space includes a mezzanine level within a durable concrete-and-steel facility. The interior features polished concrete floors, oversized picture windows, and bright fluorescent lighting, supported by single-phase power. The suite is set up for flexible use with a glass storefront-style roll-up door, easy entry and delivery accommodations, and convenient proximity to common amenities. The space also benefits from remote access security and access to shared restrooms with showers and kitchenette facilities, along with a mail center and elevator service.
The property is in the Lake Travis area of West Austin, with drive-up access described as 25’+ and a terrace offering panoramic views of Lake Travis and the Texas Hill Country. Building operations include 24/7 monitored security and fire sprinkler protection, along with an energy-efficient approach supported by an HVAC bioclimatic ionization air filtration system. All-inclusive services referenced include high-speed internet, water, electricity, janitorial, landscape, and trash services.
For owner-operators, makers, and investors seeking a flexible, secure space, this suite’s mezzanine configuration and storefront-style delivery access support a range of commercial and creative uses. Shared bathrooms/showers and kitchenette access, combined with the mail center and elevator, help streamline day-to-day operations while the facility’s monitored security and fire sprinkler protection provide additional comfort for ongoing access and use.
The property is in the Lake Travis area of West Austin, with drive-up access described as 25’+ and a terrace offering panoramic views of Lake Travis and the Texas Hill Country. Building operations include 24/7 monitored security and fire sprinkler protection, along with an energy-efficient approach supported by an HVAC bioclimatic ionization air filtration system. All-inclusive services referenced include high-speed internet, water, electricity, janitorial, landscape, and trash services.
For owner-operators, makers, and investors seeking a flexible, secure space, this suite’s mezzanine configuration and storefront-style delivery access support a range of commercial and creative uses. Shared bathrooms/showers and kitchenette access, combined with the mail center and elevator, help streamline day-to-day operations while the facility’s monitored security and fire sprinkler protection provide additional comfort for ongoing access and use.
Key Highlights
- 632 sq. ft. customizable mixed‑use flex space with mezzanine level and durable concrete‑and‑steel construction
- Glass storefront‑style roll‑up door plus easy‑access entry and delivery accommodations near main entrance
- Secure access with 24/7 monitored security and remote access for managing the space
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
$12,874
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
4.68%
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%
$257,480
$257.5K
Cap Rate 7%
$183,914
$183.9K
Cap Rate 9%
$143,044
$143.0K
Market Conditions
NOI Build-Up for 632 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
$22.7K $35.88/SF
− Vacancy
−$5.5K −$8.72/SF
EGI
$17.2K $27.16/SF
− OpEx
−$4.3K −$6.79/SF
NOI
$12.9K $20.37/SF
Area
Austin, TX
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%
$257,480
Cap Rate 7%
$183,914
Cap Rate 9%
$143,044
Alternative Uses
Best Use
Office B
$183.9K
$160.9K – $214.6K
NOI $12,874 @ 7.0% cap · market cap 4.68%
Second Best
Industrial
$80.8K
$70.7K – $94.3K
NOI $5,655 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$247.7K
$216.7K – $288.9K
NOI $17,336 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78734, TX
22,963
Population
10,885
Households
2.1
Avg Household Size
47
Median Age
59%
College-Educated
94%
High-School Grad
18.9 sq mi
ZIP Area
1,215
Density / Sq Mi
$129,116
Median Household Income
$67,881
Median Earnings
$1,930
Median Rent
$626,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Austin, TX
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible concrete-and-steel suite with mezzanine, storefront roll-up door, and on-site security and services for easy access.
Where is this flex space located?
The property is located at 316-4229 Ranch Road 620 Road N Austin, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 632 sq. ft. customizable mixed‑use flex space with mezzanine level and durable concrete‑and‑steel construction; Glass storefront‑style roll‑up door plus easy‑access entry and delivery accommodations near main entrance; Secure access with 24/7 monitored security and remote access for managing the space
