Freestanding Office
601 FARLEY DR, Austin, TX 78753
For Sale
Contact for pricing
Masonry construction, a full kitchen, and dedicated yard space complement a multi-office layout.
Property Size3,016 SF
Lot Size0.42 Acres
Price / SF$265
Days on Market43
Property Features for 601 FARLEY DR
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Amenities
private offices
reception area
conference room
full kitchen
yard space
Building Details
Buildings
Building Size
Construction
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Patrick Doherty · License TX #622300
(512) 338-7855
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 10 at 5:55AM
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 Marcus & Millichap - Austin
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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 3,016-square-foot office building sits on 0.42 acres and has masonry construction. Its interior includes 11 private offices, a reception area, a conference room, and a full kitchen. The property also includes 17 parking spaces and yard space.
The building is on Farley Drive, 0.25 miles from the I-35 and Braker Lane intersection in North Austin.
The building is on Farley Drive, 0.25 miles from the I-35 and Braker Lane intersection in North Austin.
Key Highlights
- 3,016‑square‑foot building on 0.42 acres
- 11 private offices, reception area, and conference room
- Masonry construction with a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,439
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,780
$1.2M
Cap Rate 7%
$877,700
$877.7K
Cap Rate 9%
$682,656
$682.7K
Market Conditions
NOI Build-Up for 3,016 SF
Gross rent
$108.2K $35.88/SF
− Vacancy
−$26.3K −$8.72/SF
EGI
$81.9K $27.16/SF
− OpEx
−$20.5K −$6.79/SF
NOI
$61.4K $20.37/SF
Area
ZIP 78753
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%
$1,228,780
Cap Rate 7%
$877,700
Cap Rate 9%
$682,656
Alternative Uses
Best Use
Office B
$877.7K
$768.0K – $1.02M
NOI $61,439 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,731 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
Business Placement
Demographics for 78753, TX
58,761
Population
25,345
Households
2.3
Avg Household Size
32
Median Age
35%
College-Educated
80%
High-School Grad
11.3 sq mi
ZIP Area
5,200
Density / Sq Mi
$62,334
Median Household Income
$38,278
Median Earnings
$1,447
Median Rent
$344,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Austin
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office building - Masonry construction, a full kitchen, and dedicated yard space complement a multi-office layout.
Where is this office building located?
The property is located at 601 FARLEY DR Austin, TX.
What is the asking price?
The asking price for this property is $799,240.
What are key features of this property?
This property features: 3,016‑square‑foot building on 0.42 acres; 11 private offices, reception area, and conference room; Masonry construction with a full kitchen
