Back to Search

For sale
Office Units
TX
Austin
78731
3624 N Hills Dr D201

Northwest Hills Office Space

3624 N Hills Dr D201, Austin, TX 78731

View on Map

For Sale

$1,050,000

Office space in the heart of Northwest Hills area.

Type:Commercial

Property size:

3,088 SF

Lot size:

0.19 Acres

Price / SF:

$340/SF

HighLights

Prime location in the highly coveted Northwest Hills area, just 5 minutes from Downtown Austin.
Generous 3088 sqft office space with 14 offices, a common greeting area, and a kitchen.
Malleable space with movable walls allowing for customizable configurations.
Existing rental income from 11 of the 14 offices, offering immediate ROI potential.
Scenic views of an outdoor courtyard with a zero‑scaped Spanish fountain and towering oak trees.
Includes 1 covered assigned parking spot.

We can help!

Contact an agent

Mike Caputo

Learn more

For Sale

$1,050,000

Office space in the heart of Northwest Hills area.

Type:Commercial

Property size:

3,088 SF

Lot size:

0.19 Acres

Price / SF:

$340/SF

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 4:23 pm

Property Features for 3624 N Hills Dr D201

General Information

Standard status: Active
Size: 3,088 SF
Lot size: 0.19 Acres
Property subtype: Commercial

Building Details

Year Built: 1982

We can help!

Contact an agent

Mike Caputo

Listing office Austin Summit Group

Listing date Mar 10, 2026

Source Elliman

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 Austin Summit Group

HighLights

Prime location in the highly coveted Northwest Hills area, just 5 minutes from Downtown Austin.
Generous 3088 sqft office space with 14 offices, a common greeting area, and a kitchen.
Malleable space with movable walls allowing for customizable configurations.
Existing rental income from 11 of the 14 offices, offering immediate ROI potential.
Scenic views of an outdoor courtyard with a zero‑scaped Spanish fountain and towering oak trees.
Includes 1 covered assigned parking spot.

Overview

Located in the Northwest Hills area, this 3088-square-foot office space features 14 offices, a common greeting area, and a kitchen. Situated on the second floor, it overlooks an outdoor courtyard with a zero-scaped Spanish fountain and oak trees. The space is adaptable, allowing for various configurations to suit different office needs. Currently, 11 of the offices are rented, with leases that can be renewed or dissolved, while the others are vacant. Parking includes one covered assigned spot and common uncovered spaces. This property is suitable for investors or owner-users.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$110.8k	$35.88
− Vacancy	−$26.9k	−$8.72
EGI	$83.9k	$27.16
− OpEx	−$21.0k	−$6.79
NOI	$62.9k	$20.37

3,088 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$898.6K

$786.3K – $1.05M (±1% cap)

NOI $62,905 @ 7.0% cap · market cap 5.99%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,706 @ 7.0% cap · market cap 8.07%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Austin Biofeedback & EEG ... Physician Andrews Law Firm Law Firm Jason Alexander Black Dental Office Far West Dental Dental Office Jason A Black DDS Dental Office

Suggested Use

Location Insight

Map
Local Demand

City: Austin
County: Hays
State: Texas
Longitude: -97.7572
Latitude: 30.3527

Nearby Similar for Sale

$1,150,000

2,154 SF

Residential Income Property with Rehab Potential

Spacious 0.31-acre lot near Barton Springs, suited for renovation or a ground-up rebuild to create updated living space.

2505 Trailside, Austin, TX 78704

View Details
$2,500,000

4,800 SF

Freestanding Restaurant Site

Flexible CS-MU-CO-NP zoning with existing grease trap and ample paved parking for restaurant, retail, or office uses.

320 W William Cannon Dr, Austin, TX 78745

View Details
$1,850,000

4,036 SF

Versatile Commercial Building in Avery Ranch

Multi-tenant building in high-traffic location suitable for various uses.

10521 Parmer Ln, Austin, TX 78717

View Details
$799,000

Duplex with Four-Bay Garage

Two separate two-bedroom units with private entrances plus an oversized four-bay garage set on about 0.7 acres.

5205 Hudson Bend Road, Austin, TX 78734

View Details
$1,700,000

4,000 SF

Austin Mixed-Use Commercial Property

Versatile property on 3.644 acres, ideal for various businesses.

6950 Us Highway 183 S, Austin, TX 78744

View Details
$2,200,000

3,200 SF

Highway 290 Frontage Commercial Property

Versatile commercial property with excellent frontage and visibility on Highway 290.

9221 Highway 290 W, Austin, TX 78736

View Details
$4,200,000

6,500 SF

East Austin Commercial Property

Versatile commercial property near US-183 corridor in East Austin.

5225 E Cesar Chavez St, Austin, TX 78702

View Details
$252,000

Austin Quadplex Investment Opportunity

East Riverside quadplex near River Park development. Great investment potential.

1901 Crossing Place #3203, Austin, TX 78741

View Details
$1,500,000

2,508 SF

Lakeway Warehouse on RR 620

2,508 SF warehouse on 0.563 acres in Lakeway, TX.

3217 Ranch Road 620 Rd N, Austin, TX 78734

View Details
$2,450,000

2,353 SF

Prime Location Retail/Office Opportunity

0.24-acre lot in Austin's medical district with retail zoning.

1912 W 35th St, Austin, TX 78731

View Details
$1,650,000

6,020 SF

New Austin Office/Warehouse Facility

6,020 SF office/warehouse near Austin and Dripping Springs.

10020 Darden Hill Rd 10, Austin, TX 78737

View Details
$2,850,000

Flex Industrial Portfolio with Three Buildings

Three-building flex portfolio with office space, epoxy-floored warehouse areas, and fenced yard access near major Austin routes.

13377 Fitzhugh Rd, Austin, TX 78736

View Details

For sale
Office Units
TX
Austin
78731
3624 N Hills Dr D201

What type of property is this?

Office units - Office space in the heart of Northwest Hills area.

Where is this office units located?

The property is located at 3624 N Hills Dr D201 Austin, TX.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Prime location in the highly coveted Northwest Hills area, just 5 minutes from Downtown Austin.; Generous 3088 sqft office space with 14 offices, a common greeting area, and a kitchen.; Malleable space with movable walls allowing for customizable configurations.