Turn-Key Office Condominium
505-10824 E Crystal Falls Parkway E Leander, TX 78641
505-10824 E Crystal Falls Parkway E, Leander, TX, 78641
$435,000
For Sale
$435,000
Turn-key office condo with three private offices, an executive suite, breakroom, and in-suite private restroom.
Property Size973 SF
Price / SF$447.07
Days on Market16
Property Features for 505-10824 E Crystal Falls Parkway E
General Information
- Standard status
- Active
- Size
- 973 SF
Listing agency
JBG Commercial
(512) 820-2192
Listed by
Michael Ashby
(512) 820-2192
Source
Exprealty
Added: Jul 7 Updated: Jul 21 at 6:46PM Checked: Jul 21 at 6:46PM
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
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
Local Financial Insights For Office B
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 | $40.9k | $42.00 |
| − Vacancy | −$9.9k | −$10.21 |
| EGI | $30.9k | $31.79 |
| − OpEx | −$7.7k | −$7.95 |
| NOI | $23.2k | $23.85 |
973 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$331.5K
$290.0K – $386.7K
NOI $23,202 @ 7.0% cap · market cap 5.33%
Second Best
Healthcare Medical
$252.2K
$220.7K – $294.2K
NOI $17,654 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$406.7K
$355.9K – $474.5K
NOI $28,472 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Turn-key office condo with three private offices, an executive suite, breakroom, and in-suite private restroom.
Where is this office units 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 $435,000.
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
