South Austin Live/Work
4361 S Congress Ave Austin, TX 78745
4361 S Congress Ave, Austin, TX, 78745
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For Sale
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Live/work space in South Austin near St. Elmo.
Property Size1,256 SF
Price / SF$405.25
Days on Market818
Property Features for 4361 S Congress Ave
General Information
- Standard status
- Active
- Size
- 1,256 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2017
Listing Agency
Practice Real Estate Group
(512) 956-5076
Listed by
Todd Stanley · License #TREC #768179
Source
Crexi
Added: Apr 22, 2024 Checked: Jul 17 at 7:23 am
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 Practice Real Estate Group
Investment Insights
Based on property information with market context.
Located in South Austin at the Public Lofts, this 1,256 square-foot space is situated at the corner of St. Elmo and South Congress, near Urban Betty Salon and Living in Stereo, and within walking distance of the Yard. The property is suitable for both commercial and residential use. The space features a finished storefront and spa area with display shelves on both walls. Originally designed as a spa, it includes a lobby and two treatment rooms. It is also suitable for a jewelry store, art gallery, skin care store, general retail, or professional office.
Key Highlights
- Prime South Austin location at the corner of St. Elmo and South Congress.
- Versatile live/work space suitable for commercial or residential use.
- Finished storefront ideal for retail or professional office.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.7k | $26.04 |
| − Vacancy | −$1.1k | −$0.89 |
| EGI | $31.6k | $25.15 |
| − OpEx | −$9.5k | −$7.55 |
| NOI | $22.1k | $17.61 |
1,256 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$315.9K
$276.5K – $368.6K
NOI $22,116 @ 7.0% cap · market cap 4.34%
Second Best
Office B
$298.7K
$261.4K – $348.5K
NOI $20,912 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$525.0K
$459.4K – $612.6K
NOI $36,753 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flourish Psychotherapy and Nutrition
Psychotherapist
Sound Business Management
Business Management Consultant
Frances Shelby
Counselor
Soco Botanicals
Department Store
Shane Adams Realtor
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Live/work space in South Austin near St. Elmo.
Where is this retail space located?
The property is located at 4361 S Congress Ave Austin, TX.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Prime South Austin location at the corner of St. Elmo and South Congress.; Versatile live/work space suitable for commercial or residential use.; Finished storefront ideal for retail or professional office.
