Office Building with Six
For Sale
Contact for pricing
4402 MERLE Drive, Austin, TX 78745
Commercial zoning and an existing kitchen complement the property's office layout.
Property Size1,428 SF
Price / SF$1.75
Days on Market43
Property Features for 4402 MERLE Drive
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Office
Site & Location
Neighborhood
South Lamar
Additional Details
Office Units
6
Property Use
Office
Amenities
Full Kitchen
Hardwood Floors
Fenced Backyard with towering trees
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Elizabeth and Co. Real Estate
(512) 789-8333
Listed By:
Elizabeth Ash
(512) 847-9966
Source:
Hoydenhomes
Added: Sep 17
Changed: Oct 28
Last Checked: Oct 28 at 6:57AM
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 Elizabeth and Co. Real Estate
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Investment Insights
Based on property information with market context.
Built in 1955, this 1,428-square-foot office building contains six offices, with a reception area among them. The interior also includes two restrooms, a full kitchen, and hardwood floors. The windows have been replaced.
Outside, the property has a fenced backyard with mature trees and plentiful parking. Commercial zoning supports its office-building classification.
Outside, the property has a fenced backyard with mature trees and plentiful parking. Commercial zoning supports its office-building classification.
Key Highlights
- 1,428‑square‑foot office building constructed in 1955
- Six offices, including a reception area
- Two restrooms and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,776
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,520
$475.5K
Cap Rate 7%
$339,657
$339.7K
Cap Rate 9%
$264,178
$264.2K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$42.8K $30.00/SF
− Vacancy
−$11.1K −$7.80/SF
EGI
$31.7K $22.20/SF
− OpEx
−$7.9K −$5.55/SF
NOI
$23.8K $16.65/SF
Area
ZIP 78745
Vacancy
26.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,520
Cap Rate 7%
$339,657
Cap Rate 9%
$264,178
Alternative Uses
Best Use
Office B
$339.7K
$297.2K – $396.3K
NOI $23,776 @ 7.0% cap · market cap 951.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$596.9K
$522.3K – $696.4K
NOI $41,786 @ 7.0% cap · market cap 1,671.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning and an existing kitchen complement the property's office layout.
Where is this office building located?
The property is located at 4402 MERLE Drive Austin, TX.
What are key features of this property?
This property features: 1,428‑square‑foot office building constructed in 1955; Six offices, including a reception area; Two restrooms and a full kitchen
