South Austin Condo Office
For Sale
$1,400,000
5900 Southwest PKWY # 401, Austin, TX 78735
Gated office condo with flexible layout and lifestyle amenities.
Property Size2,729 SF
Days on Market188
Property Features for 5900 Southwest PKWY # 401
General Information
Standard status
Active
Size
2,729 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$26,253
Building Details
Building Size
2,729 SF
Year Built
2005
Listing Agency:
Friedman Real Estate, Inc.
Listed By:
Josh Friedman · License #0451763
(512) 892-9934
Source:
Denpg
Added: Apr 2
Changed: Sep 24
Last Checked: Oct 6 at 12:43AM
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 Friedman Real Estate, Inc.
Investment Insights
Based on property information with market context.
This beautifully appointed condo suite is located within a private, gated office condo community in South Austin. Designed for functionality and professional appeal, the suite includes private offices, two restrooms, a reception area, a lobby/waiting area, a break room, storage and cabinetry, and an open workspace. The flexible layout accommodates various users, including medical, dental, aesthetic, legal, lending, and general office. Positioned along Southwest Parkway, the property provides accessibility to South Austin, Lakeway, Downtown Austin, and the surrounding Hill Country. The gated community offers parking, including two reserved covered spaces, and access to an on-site fitness center with showers and a scenic walking path. The bike score is 35, indicating it is somewhat bikeable, the walk score is 6, indicating car-dependent, and the transit score is 0, indicating no nearby transit.
Key Highlights
- Highly desirable South Austin location with exceptional accessibility.
- Flexible layout suitable for a wide range of professional uses.
- Private, gated office condo community providing security and exclusivity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,592
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,840
$1.1M
Cap Rate 7%
$794,171
$794.2K
Cap Rate 9%
$617,689
$617.7K
Market Conditions
NOI Build-Up for 2,729 SF
Gross rent
$97.9K $35.88/SF
− Vacancy
−$23.8K −$8.72/SF
EGI
$74.1K $27.16/SF
− OpEx
−$18.5K −$6.79/SF
NOI
$55.6K $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%
$1,111,840
Cap Rate 7%
$794,171
Cap Rate 9%
$617,689
Alternative Uses
Best Use
Office B
$794.2K
$694.9K – $926.5K
NOI $55,592 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$935.7K – $1.25M
NOI $74,858 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 78735, TX
20,983
Population
9,957
Households
2.1
Avg Household Size
37
Median Age
73%
College-Educated
97%
High-School Grad
20.2 sq mi
ZIP Area
1,039
Density / Sq Mi
$126,216
Median Household Income
$81,837
Median Earnings
$1,930
Median Rent
$791,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Gated office condo with flexible layout and lifestyle amenities.
Where is this office units located?
The property is located at 5900 Southwest PKWY # 401 Austin, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Highly desirable South Austin location with exceptional accessibility.; Flexible layout suitable for a wide range of professional uses.; Private, gated office condo community providing security and exclusivity.
