Turn-Key Office Condominium
For Sale
$375,000
505-10824 E Crystal Falls Parkway E, Leander, TX 78641
Turn-key office condo with three private offices, an executive suite, breakroom, and in-suite private restroom.
Property Size973 SF
Price / SF$385.41
Days on Market107
Property Features for 505-10824 E Crystal Falls Parkway E
General Information
Standard status
Active
Size
973 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,884
Building Details
Tenancy
Multi
Listing Agency:
JBG Commercial
(512) 502-7580
Listed By:
Michael Ashby · License #668161
(512) 820-2192
Source:
Exprealty
Added: Jul 7
Changed: Oct 16
Last Checked: Oct 21 at 2:15AM
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 JBG Commercial
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Investment Insights
Based on property information with market context.
Turn-key commercial office condominium in the Crystal Falls Arbor complex, designed for immediate occupancy. The suite is configured with three private offices plus an executive suite, along with a dedicated breakroom that includes a modern sink and storage. An in-suite private restroom supports day-to-day convenience and confidentiality. Oversized exterior windows provide abundant natural light throughout the interior.
The complex is positioned at a high-traffic intersection, offering substantial local visibility. The property is directly across from Wiley Middle School and Rouse High School, which helps generate consistent daily activity in the area.
Multiple concrete driveways connect the complex directly off East Crystal Falls Parkway and Artesian Springs Boulevard, supporting straightforward access for clients and employees. The adjoining suite #506 may also be purchased with this property to allow for ownership of two separate units or the potential to combine into a larger operating space.
The complex is positioned at a high-traffic intersection, offering substantial local visibility. The property is directly across from Wiley Middle School and Rouse High School, which helps generate consistent daily activity in the area.
Multiple concrete driveways connect the complex directly off East Crystal Falls Parkway and Artesian Springs Boulevard, supporting straightforward access for clients and employees. The adjoining suite #506 may also be purchased with this property to allow for ownership of two separate units or the potential to combine into a larger operating space.
Key Highlights
- 973 SF commercial office condominium in the Crystal Falls Arbor complex
- Turn‑key interior with three private offices plus an executive suite
- Includes a dedicated breakroom with a modern sink and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,202
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,040
$464.0K
Cap Rate 7%
$331,457
$331.5K
Cap Rate 9%
$257,800
$257.8K
Market Conditions
NOI Build-Up for 973 SF
Gross rent
$40.9K $42.00/SF
− Vacancy
−$9.9K −$10.21/SF
EGI
$30.9K $31.79/SF
− OpEx
−$7.7K −$7.95/SF
NOI
$23.2K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,040
Cap Rate 7%
$331,457
Cap Rate 9%
$257,800
Alternative Uses
Best Use
Office B
$331.5K
$290.0K – $386.7K
NOI $23,202 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.7K
$355.9K – $474.5K
NOI $28,472 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Turn-key office condo with three private offices, an executive suite, breakroom, and in-suite private restroom.
Where is this office unit located?
The property is located at 505-10824 E Crystal Falls Parkway E Leander, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 973 SF commercial office condominium in the Crystal Falls Arbor complex; Turn‑key interior with three private offices plus an executive suite; Includes a dedicated breakroom with a modern sink and storage
