Office Condo with Conference
3200 Steck Ave 270, Austin, TX 78757
For Sale
New
$325,000
The suite includes reception space, reserved parking, and access to additional open parking.
Property Size1,044 SF
Days on Market6
Property Features for 3200 Steck Ave 270
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Furnished
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Solutions Real Estate Texas
Listed By:
Bill Lanfer
(512) 461-6345
Source:
Elliman
Added: Nov 8
Last Checked: Nov 12 at 8:36AM
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 Solutions Real Estate Texas
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Investment Insights
Based on property information with market context.
This office condo features four private offices, a conference room, and a reception area. Existing furniture may remain or be removed, offering flexibility in how the space is delivered. The building dates to 1981.
Located at 3200 Steck Ave, Suite 270, in Austin, the property has a bike score of 86, a walk score of 75, and a transit score of 48. Parking includes reserved spaces as well as open parking.
Located at 3200 Steck Ave, Suite 270, in Austin, the property has a bike score of 86, a walk score of 75, and a transit score of 48. Parking includes reserved spaces as well as open parking.
Key Highlights
- Four offices, a conference room, and reception area
- Reserved parking and additional open parking
- Furniture can stay in the suite or be removed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,267
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,340
$425.3K
Cap Rate 7%
$303,814
$303.8K
Cap Rate 9%
$236,300
$236.3K
Market Conditions
NOI Build-Up for 1,044 SF
Gross rent
$37.5K $35.88/SF
− Vacancy
−$9.1K −$8.72/SF
EGI
$28.4K $27.16/SF
− OpEx
−$7.1K −$6.79/SF
NOI
$21.3K $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 Rate 5%
$425,340
Cap Rate 7%
$303,814
Cap Rate 9%
$236,300
Alternative Uses
Best Use
Office B
$303.8K
$265.8K – $354.5K
NOI $21,267 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.1K
$358.0K – $477.3K
NOI $28,638 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,588
Businesses Nearby
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Business Placement
Demographics for 78757, TX
23,847
Population
11,930
Households
2
Avg Household Size
37
Median Age
68%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
4,769
Density / Sq Mi
$104,946
Median Household Income
$65,886
Median Earnings
$1,661
Median Rent
$629,500
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Austin, TX
Properties on Market for Office Units in Austin
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes reception space, reserved parking, and access to additional open parking.
Where is this office unit located?
The property is located at 3200 Steck Ave 270 Austin, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four offices, a conference room, and reception area; Reserved parking and additional open parking; Furniture can stay in the suite or be removed
