Central Austin Office Space
For Sale
Contact for pricing
5225 N Lamar, Austin, TX 78751
Office space in central Austin with excellent location and access.
Property Size15,656 SF
Price / SF$357.69
Days on Market148
Property Features for 5225 N Lamar
General Information
Standard status
Active
Size
15,656 SF
Property subtype
Office
Zoning
CS-CO-A-ETOD-RIETOD-NP
Building Details
Stories
2
Units
2
Listing Agency:
Southwest Strategies Group Inc
Listed By:
Sophie Roth · License #TX
(512) 458-8153
Source:
Crexi
Added: May 20
Changed: Oct 1
Last Checked: Oct 12 at 5:26PM
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 Southwest Strategies Group Inc
Investment Insights
Based on property information with market context.
Office space is available in central Austin, situated in the North Lamar corridor. The location is suitable for a company headquarters or for dividing the occupancy between two companies, each occupying 7500 square feet. A secure lot provides space for excess parking. The adjacent property to the south is also available for offers, potentially adding to the overall footprint. The upcoming Orange rail line will pass directly in front of the building, with a stop located half a block away, which is expected to enhance access and foot traffic. The property offers an opportunity for prime signage on N Lamar. The North Lamar corridor is a dynamic area with new high-end developments across the street and established shopping and dining options at Central Market and The Triangle shopping center, located approximately 3 minutes away. Numerous restaurant options are within walking distance. The property provides convenient access to I35 and MoPac via Koenig Ln. The building has a size of 15656 square feet.
Key Highlights
- Prime location in the North Lamar corridor of central Austin.
- Potential for company headquarters or dual occupancy (2 x 7500 SF).
- Future direct access to the Orange rail line (stop 1/2 block away).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$318,926
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,378,520
$6.4M
Cap Rate 7%
$4,556,086
$4.6M
Cap Rate 9%
$3,543,622
$3.5M
Market Conditions
NOI Build-Up for 15,656 SF
Gross rent
$561.7K $35.88/SF
− Vacancy
−$136.5K −$8.72/SF
EGI
$425.2K $27.16/SF
− OpEx
−$106.3K −$6.79/SF
NOI
$318.9K $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 Rate 5%
$6,378,520
Cap Rate 7%
$4,556,086
Cap Rate 9%
$3,543,622
Alternative Uses
Best Use
Office B
$4.56M
$3.99M – $5.32M
NOI $318,926 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.14M
$5.37M – $7.16M
NOI $429,454 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 78751, TX
17,071
Population
9,966
Households
1.7
Avg Household Size
30
Median Age
77%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
7,113
Density / Sq Mi
$81,657
Median Household Income
$53,330
Median Earnings
$1,627
Median Rent
$700,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
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Frequently Asked Questions
What type of property is this?
Office building - Office space in central Austin with excellent location and access.
Where is this office building located?
The property is located at 5225 N Lamar Austin, TX.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Prime location in the North Lamar corridor of central Austin.; Potential for company headquarters or dual occupancy (2 x 7500 SF).; Future direct access to the Orange rail line (stop 1/2 block away).
