Second-Floor Office
For Sale
Contact for pricing
3821 Juniper Trace, Austin, TX 78738
Office condominium suite with furniture available as a negotiable item for professional service users.
Property Size2,068 SF
Price / SF$580
Days on Market15
Property Features for 3821 Juniper Trace
General Information
Standard status
Active
Size
2,068 SF
Class
A
Property subtype
Office
Additional Details
Floor
2
Highway Access
Yes
Building Details
Year Built
2002
Listing Agency:
KW Commercial Greater Des Moines
Listed By:
Jared Husmann · License #B63372000
(515) 639-0145
Source:
Crexi
Added: Aug 21
Changed: Aug 31
Last Checked: Sep 4 at 4:39AM
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 KW Commercial Greater Des Moines
Investment Insights
Based on property information with market context.
This second-floor office condominium provides 2,068 SF of workspace within a property built in 2002. The suite is offered with furniture available as a negotiable item, allowing prospective occupants to evaluate an existing workplace setup alongside the office layout.
The property is located at 3821 Juniper Trace in Austin, near the Highway 71 and Bee Cave Road corridor. Its location provides access toward West Austin and a direct route to downtown. The suite is positioned for attorneys, financial advisors, wealth managers, and boutique professional firms seeking office space in the area.
The property is located at 3821 Juniper Trace in Austin, near the Highway 71 and Bee Cave Road corridor. Its location provides access toward West Austin and a direct route to downtown. The suite is positioned for attorneys, financial advisors, wealth managers, and boutique professional firms seeking office space in the area.
Key Highlights
- 2,068 SF second‑floor office condominium suite
- Furniture available as a negotiable item
- Located near Highway 71 and Bee Cave Road
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
$42,127
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
3.51%
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%
$842,540
$842.5K
Cap Rate 7%
$601,814
$601.8K
Cap Rate 9%
$468,078
$468.1K
Market Conditions
NOI Build-Up for 2,068 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
$74.2K $35.88/SF
− Vacancy
−$18.0K −$8.72/SF
EGI
$56.2K $27.16/SF
− OpEx
−$14.0K −$6.79/SF
NOI
$42.1K $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%
$842,540
Cap Rate 7%
$601,814
Cap Rate 9%
$468,078
Alternative Uses
Best Use
Office B
$601.8K
$526.6K – $702.1K
NOI $42,127 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.4K
$709.1K – $945.5K
NOI $56,727 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 78738, TX
29,529
Population
11,907
Households
2.5
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
42.1 sq mi
ZIP Area
701
Density / Sq Mi
$169,911
Median Household Income
$88,929
Median Earnings
$1,915
Median Rent
$754,600
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium suite with furniture available as a negotiable item for professional service users.
Where is this office units located?
The property is located at 3821 Juniper Trace Austin, TX.
What is the asking price?
The asking price for this property is $1,199,440.
What are key features of this property?
This property features: 2,068 SF second‑floor office condominium suite; Furniture available as a negotiable item; Located near Highway 71 and Bee Cave Road
