Second-Floor Office
For Sale
$275,000
4131 Spicewood Springs Rd Unit # D3, Austin, TX 78759
Office suite with private work areas, a conference room, kitchen, restroom, and balcony access.
Property Size715 SF
Price / SF$384.62
Days on Market87
Property Features for 4131 Spicewood Springs Rd Unit # D3
General Information
Standard status
Active
Size
715 SF
Elevators
No
Additional Details
Floor
Second floor
Amenities
balcony
conference room
kitchen
restroom
Building Details
Year Built
1985
Listing Agency:
Realty Texas LLC
Listed By:
Cheryl Smith
(800) 660-1022
Source:
Texasrealtygroup
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 20 at 9:30PM
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 Realty Texas LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 715-square-foot office unit occupies the second floor of a building constructed in 1985. The suite includes two offices with windows, a conference room, kitchen, restroom, and a balcony serving one of the offices. Access is by stairs, as the building does not have an elevator.
Located at 4131 Spicewood Springs Rd Unit # D3 in Austin, Texas, the property is presented for sale as an office unit. Showing access is arranged through the seller’s agent.
Located at 4131 Spicewood Springs Rd Unit # D3 in Austin, Texas, the property is presented for sale as an office unit. Showing access is arranged through the seller’s agent.
Key Highlights
- 715‑square‑foot second‑floor office unit
- Two offices with windows; one includes a balcony
- Large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,565
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,300
$291.3K
Cap Rate 7%
$208,071
$208.1K
Cap Rate 9%
$161,833
$161.8K
Market Conditions
NOI Build-Up for 715 SF
Gross rent
$25.7K $35.88/SF
− Vacancy
−$6.2K −$8.72/SF
EGI
$19.4K $27.16/SF
− OpEx
−$4.9K −$6.79/SF
NOI
$14.6K $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%
$291,300
Cap Rate 7%
$208,071
Cap Rate 9%
$161,833
Alternative Uses
Best Use
Office B
$208.1K
$182.1K – $242.8K
NOI $14,565 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.2K
$245.2K – $326.9K
NOI $19,613 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Office suite with private work areas, a conference room, kitchen, restroom, and balcony access.
Where is this office unit located?
The property is located at 4131 Spicewood Springs Rd Unit # D3 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: 715‑square‑foot second‑floor office unit; Two offices with windows; one includes a balcony; Large conference room
