Third-Floor Corner Office
For Sale
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4229 N FM 620 Suite 305, Austin, TX 78734
Mezzanine-equipped corner suite with climate control, premium finishes, and direct building amenities in a mixed-use office environment.
Property Size400 SF
Price / SF$422.50
Days on Market241
Property Features for 4229 N FM 620 Suite 305
General Information
Standard status
Active
Size
400 SF
Class
A
Property subtype
Office, Industrial, Mixed Use
Zoning
Commercial
Lease Type
Gross
Site & Location
Neighborhood
Mansfield--River Place
Building Details
Year Built
2022
Buildings
1
Stories
4
Units
106
Tenancy
Multi
Listing Agency:
All City Real Estate
Listed By:
Margo Fesas · License #0611945
(512) 751-5210
Source:
Crexi
Added: Mar 2
Changed: Oct 27
Last Checked: Oct 28 at 6:40AM
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 All City Real Estate
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Investment Insights
Based on property information with market context.
Suite 309 at XSpace is a premium third-floor commercial lifestyle condo designed for flexible business use. The unit includes a mezzanine level for additional functionality, upgraded finishes, and a mini-split for climate control. A corner positioning provides added privacy, supported by glass-paneled garage-style doors on this level. The suite also features in-unit water and drain tap-ins, which can support light service and wellness concepts. Additional operational conveniences include fully wired high-speed internet, lighting, and telephone service, along with remote-controlled motorized entry.
The building offers 24/7 secure access with janitorial service and visitor parking, served by both freight and passenger elevators. Building amenities include access to a 3,000 square-foot owners’ lounge with kitchen, conference room, and showers. The unit is described as being located at 4229 N FM 620 Highway, with proximity to Steiner Ranch and Lakeway.
This suite is suited for tenants and owner-operators seeking a controlled, serviceable workspace where business and personal use are supported by the property’s business/personal zoning. The combination of the mezzanine, climate control, and utility tap-ins makes it a practical fit for professional services, e-commerce operations requiring a functional workspace, or creative uses such as collector-oriented environments, subject to the applicable zoning and tenant requirements.
The building offers 24/7 secure access with janitorial service and visitor parking, served by both freight and passenger elevators. Building amenities include access to a 3,000 square-foot owners’ lounge with kitchen, conference room, and showers. The unit is described as being located at 4229 N FM 620 Highway, with proximity to Steiner Ranch and Lakeway.
This suite is suited for tenants and owner-operators seeking a controlled, serviceable workspace where business and personal use are supported by the property’s business/personal zoning. The combination of the mezzanine, climate control, and utility tap-ins makes it a practical fit for professional services, e-commerce operations requiring a functional workspace, or creative uses such as collector-oriented environments, subject to the applicable zoning and tenant requirements.
Key Highlights
- 2023‑built 450‑SF third‑floor corner commercial suite at XSpace with mezzanine level
- Climate‑controlled with 17.5‑ft ceilings and a mini‑split for cooling
- Includes in‑unit water & drain tap‑ins, suited for salons, wellness, light medical, or creative services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,148
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,960
$163.0K
Cap Rate 7%
$116,400
$116.4K
Cap Rate 9%
$90,533
$90.5K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$14.4K $35.88/SF
− Vacancy
−$3.5K −$8.72/SF
EGI
$10.9K $27.16/SF
− OpEx
−$2.7K −$6.79/SF
NOI
$8.1K $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 Rate 5%
$162,960
Cap Rate 7%
$116,400
Cap Rate 9%
$90,533
Alternative Uses
Best Use
Office B
$116.4K
$101.9K – $135.8K
NOI $8,148 @ 7.0% cap · market cap 4.82%
Second Best
Mixed Use
$96.4K
$84.4K – $112.5K
NOI $6,750 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$156.7K
$137.2K – $182.9K
NOI $10,972 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
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Business Placement
Demographics for 78734, TX
22,963
Population
10,885
Households
2.1
Avg Household Size
47
Median Age
59%
College-Educated
94%
High-School Grad
18.9 sq mi
ZIP Area
1,215
Density / Sq Mi
$129,116
Median Household Income
$67,881
Median Earnings
$1,930
Median Rent
$626,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Live-work space - Mezzanine-equipped corner suite with climate control, premium finishes, and direct building amenities in a mixed-use office environment.
Where is this live-work space located?
The property is located at 4229 N FM 620 Suite 305 Austin, TX.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 2023‑built 450‑SF third‑floor corner commercial suite at XSpace with mezzanine level; Climate‑controlled with 17.5‑ft ceilings and a mini‑split for cooling; Includes in‑unit water & drain tap‑ins, suited for salons, wellness, light medical, or creative services
