Mixed-Use Flex Space with
For Sale
$275,000
4229 Ranch Road 620 RD N # 315, Austin, TX 78734
Concrete-and-steel space with drive-up access, secure entry, and shared business amenities.
Property Size6,500 SF
Price / SF$435.13
Days on Market90
Property Features for 4229 Ranch Road 620 RD N # 315
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Mixed Use
Warehouse & Industrial
Three-Phase Power
No
Sprinkler System
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,325
Amenities
high-speed internet
water
electricity
janitorial
landscape
trash services
mail center
fully equipped bathrooms/showers
kitchenettes
water refilling stations
HVAC bioclimatic ionization air filtration
owners' lounge
private conference room
commercial-grade kitchen
mixer lounge
terrace
24/7 monitored security
fire sprinkler protection
Building Details
Building Size
6,500 SF
Year Built
2021
Construction
concrete and steel
Listing Agency:
All City Real Estate Ltd. Co
(512) 751-5210
Listed By:
Margo Fesas · License #0611945
Source:
Lisacontaldi
Added: May 26
Changed: Aug 16
Last Checked: Aug 22 at 11:20AM
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 Ltd. Co
Investment Insights
Based on property information with market context.
This 632 sq. ft. mixed-use flex space is located in a concrete-and-steel facility completed in 2021. The unit includes a mezzanine, polished concrete flooring, oversized picture windows, fluorescent lighting, single-phase power, and a glass storefront-style roll-up door. Its layout supports varied business, hobby, collection, or investment uses, with delivery access and proximity to the main entrance, elevator, restrooms, showers, kitchenette, and mail center.
Building amenities include 24/7 monitored security, fire sprinkler protection, remote access, high-speed internet, water, electricity, janitorial service, landscaping, and trash service. Shared facilities include bathrooms and showers, kitchenettes, water-refilling stations, and a 3,000 sq. ft. owners' lounge with a conference room, commercial kitchen, mixer lounge, and terrace views of Lake Travis and the Texas Hill Country. The property is in West Austin's Lake Travis region, approximately 30 minutes from Downtown Austin.
Building amenities include 24/7 monitored security, fire sprinkler protection, remote access, high-speed internet, water, electricity, janitorial service, landscaping, and trash service. Shared facilities include bathrooms and showers, kitchenettes, water-refilling stations, and a 3,000 sq. ft. owners' lounge with a conference room, commercial kitchen, mixer lounge, and terrace views of Lake Travis and the Texas Hill Country. The property is in West Austin's Lake Travis region, approximately 30 minutes from Downtown Austin.
Key Highlights
- 632 sq. ft. customizable mixed‑use flex space with mezzanine
- 25'+ drive‑up access with glass storefront‑style roll‑up door
- Concrete‑and‑steel construction completed in 2021
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
$10,665
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
3.88%
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%
$213,300
$213.3K
Cap Rate 7%
$152,357
$152.4K
Cap Rate 9%
$118,500
$118.5K
Market Conditions
NOI Build-Up for 632 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
$19.0K $30.00/SF
− Vacancy
−$1.9K −$3.00/SF
EGI
$17.1K $27.00/SF
− OpEx
−$6.4K −$10.13/SF
NOI
$10.7K $16.88/SF
Area
Austin, TX
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$213,300
Cap Rate 7%
$152,357
Cap Rate 9%
$118,500
Alternative Uses
Best Use
Mixed Use
$152.4K
$133.3K – $177.8K
NOI $10,665 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$80.8K
$70.7K – $94.3K
NOI $5,655 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$247.7K
$216.7K – $288.9K
NOI $17,336 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Concrete-and-steel space with drive-up access, secure entry, and shared business amenities.
Where is this mixed-use property located?
The property is located at 4229 Ranch Road 620 RD N # 315 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: 632 sq. ft. customizable mixed‑use flex space with mezzanine; 25'+ drive‑up access with glass storefront‑style roll‑up door; Concrete‑and‑steel construction completed in 2021
