Turn-Key Office Condominium
For Sale
$375,000
506-10824 E Crystal Falls Pkwy, Leander, TX 78641
Turn-key office suite with three private offices, executive suite, breakroom, and private restroom in a high-visibility complex.
Property Size973 SF
Price / SF$385.41
Days on Market107
Property Features for 506-10824 E Crystal Falls Pkwy
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 2:28AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turn-key office condominium suite is designed for immediate occupancy and includes three private offices plus an executive suite for principal work or private meetings. The unit also features a dedicated breakroom with a modern sink and storage, along with an in-suite private restroom for day-to-day convenience.
Located in the Crystal Falls Arbor complex at a high-traffic intersection, the property is positioned across from Wiley Middle School and Rouse High School, supporting consistent local visibility. Multiple concrete driveways provide direct transit off E Crystal Falls Parkway and Artesian Springs Boulevard.
The interior benefits from abundant natural light through oversized exterior windows, supporting a bright and workable environment for a professional office setup. An additional opportunity is available to purchase the adjoining suite (#505) with this property for ownership of two separate units or the option to combine into a larger operating space.
Located in the Crystal Falls Arbor complex at a high-traffic intersection, the property is positioned across from Wiley Middle School and Rouse High School, supporting consistent local visibility. Multiple concrete driveways provide direct transit off E Crystal Falls Parkway and Artesian Springs Boulevard.
The interior benefits from abundant natural light through oversized exterior windows, supporting a bright and workable environment for a professional office setup. An additional opportunity is available to purchase the adjoining suite (#505) with this property for ownership of two separate units or the option to combine into a larger operating space.
Key Highlights
- Turn‑key commercial office condominium in the Crystal Falls Arbor complex with 973 SF of space.
- Layout includes three private offices plus an executive suite for principal partners or private client meetings.
- Dedicated breakroom with a modern sink and storage, and an in‑suite private restroom.
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
Healthcare Medical
$252.2K
$220.7K – $294.2K
NOI $17,654 @ 7.0% cap · market cap 4.71%
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 suite with three private offices, executive suite, breakroom, and private restroom in a high-visibility complex.
Where is this office unit located?
The property is located at 506-10824 E Crystal Falls Pkwy 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: Turn‑key commercial office condominium in the Crystal Falls Arbor complex with 973 SF of space.; Layout includes three private offices plus an executive suite for principal partners or private client meetings.; Dedicated breakroom with a modern sink and storage, and an in‑suite private restroom.
