Turn-Key Office Condominium
506-10824 E Crystal Falls Pkwy Leander, TX 78641
506-10824 E Crystal Falls Pkwy, Leander, TX, 78641
$435,000
For Sale
$435,000
Turn-key office suite with three private offices, executive suite, breakroom, and private restroom in a high-visibility complex.
Property Size973 SF
Price / SF$447.07
Days on Market16
Property Features for 506-10824 E Crystal Falls Pkwy
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 22 at 3:14AM Checked: Jul 22 at 3:14AM
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.
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.
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 suite with three private offices, executive suite, breakroom, and private restroom in a high-visibility complex.
Where is this office units 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 $435,000.
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.
