Four-Office Condo
For Sale
$279,000
660 S Bagdad RD # 430, Leander, TX 78641
Reception, a restroom, and a kitchenette support day-to-day office operations.
Property Size850 SF
Price / SF$328.24
Days on Market113
Property Features for 660 S Bagdad RD # 430
General Information
Standard status
Active
Size
850 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,100
Building Details
Building Size
850 SF
Year Built
2020
Listing Agency:
Funk Group
Listed By:
Wade Funk · License #0641929
(512) 705-9722
Source:
Goodrich-realty
Added: Jul 10
Changed: Oct 28
Last Checked: Oct 26 at 3:52PM
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 Funk Group
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Investment Insights
Based on property information with market context.
This 850-square-foot office condo is configured as a corner unit with four offices, including one larger room that can serve as a conference room. The layout also includes a reception area, restroom, and kitchenette. Built in 2020, the suite is described as move-in ready.
Key Highlights
- 850‑square‑foot office condo built in 2020
- Corner‑unit layout with four offices
- Larger office can function as a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,269
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,380
$405.4K
Cap Rate 7%
$289,557
$289.6K
Cap Rate 9%
$225,211
$225.2K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$35.7K $42.00/SF
− Vacancy
−$8.7K −$10.21/SF
EGI
$27.0K $31.79/SF
− OpEx
−$6.8K −$7.95/SF
NOI
$20.3K $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%
$405,380
Cap Rate 7%
$289,557
Cap Rate 9%
$225,211
Alternative Uses
Best Use
Office B
$289.6K
$253.4K – $337.8K
NOI $20,269 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.3K
$310.9K – $414.5K
NOI $24,872 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, a restroom, and a kitchenette support day-to-day office operations.
Where is this office unit located?
The property is located at 660 S Bagdad RD # 430 Leander, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 850‑square‑foot office condo built in 2020; Corner‑unit layout with four offices; Larger office can function as a conference room
