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

Northwest Hills Office Space

3624 N Hills Dr D201, Austin, TX 78731

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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

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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.