Freestanding Office/Retail Building IH-35
For Sale
Contact for pricing
4507 North Interstate Highway 35, Austin, TX 78722
4,753 SF building with IH-35 frontage in North-Central Austin.
Property Size4,753 SF
Price / SF$694.30
Days on Market102
Property Features for 4507 North Interstate Highway 35
General Information
Standard status
Active
Size
4,753 SF
Class
B
Property subtype
Retail, Office, Special Purpose
Lease Type
NNN
Investment Type
Owner/User
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Don Quick & Associates Inc
(512) 814-1825
Listed By:
Shelly Morgan · License #TX 509529-SA
Source:
Crexi
Added: May 21
Changed: Aug 14
Last Checked: Aug 29 at 2:51AM
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 Don Quick & Associates Inc
Investment Insights
Based on property information with market context.
This freestanding 4,753 SF office/retail building is located in North-Central Austin and features IH-35 frontage. The single-story floor plan includes a reception area, four large open work areas, two private offices, a large conference room, a fully-equipped breakroom, and two restrooms, one of which has a shower. A rear deck with a storage shed is also included. The interior has been recently renovated with new LVP flooring, fresh paint, and updated kitchen finishes. On-site surface parking is available. Lighted pylon signage provides two-way IH-35 visibility. The property offers direct access to Airport Boulevard and is located minutes from Downtown Austin, the Mueller redevelopment, and UT. Situated on the east side of the highway in the North-Central submarket, this property is suited for professional services, medical or dental conversion, creative office, or retail showroom users needing a visible address with parking and direct interstate exposure. The location is highly visible near the Mueller Development on the east side of IH-35 at 35 and Airport.
Key Highlights
- High visibility IH‑35 frontage with lighted pylon signage.
- Recently renovated interior with new LVP flooring and updated kitchen.
- 4,753 SF freestanding building suitable for office, retail, medical, or showroom use.**
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
$96,823
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
2.93%
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%
$1,936,460
$1.9M
Cap Rate 7%
$1,383,186
$1.4M
Cap Rate 9%
$1,075,811
$1.1M
Market Conditions
NOI Build-Up for 4,753 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
$170.5K $35.88/SF
− Vacancy
−$41.4K −$8.72/SF
EGI
$129.1K $27.16/SF
− OpEx
−$32.3K −$6.79/SF
NOI
$96.8K $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 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%
$1,936,460
Cap Rate 7%
$1,383,186
Cap Rate 9%
$1,075,811
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,823 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,378 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 78722, TX
6,618
Population
3,278
Households
2
Avg Household Size
35
Median Age
69%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
4,727
Density / Sq Mi
$101,034
Median Household Income
$66,107
Median Earnings
$1,837
Median Rent
$661,600
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 4,753 SF building with IH-35 frontage in North-Central Austin.
Where is this office building located?
The property is located at 4507 North Interstate Highway 35 Austin, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: High visibility IH‑35 frontage with lighted pylon signage.; Recently renovated interior with new LVP flooring and updated kitchen.; 4,753 SF freestanding building suitable for office, retail, medical, or showroom use.**
