Building Details

Buildings 1

Building Size 8,356 SF

Listing Agency: Douglas Elliman Real Estate Show Phone

Listed By: Lindsey Fenton · License #655757 Show Phone

Source: Exprealty

Added: Oct 13, 2025 Changed: Oct 4 Last Checked: Oct 16 at 2:30PM

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Investment Insights

Based on property information with market context.

Building 7 is a newly constructed warehouse comprising 8,356 square feet of open commercial space. The interior is climate-controlled, insulated, and painted, with two restrooms and broad glass frontage that brings natural light into the building. The open configuration can accommodate customized build-outs.

The property sits between Austin and Dripping Springs with direct access to Highway 290. Buildings 7 and 8 are positioned side by side and can be combined for a total of 18,752 square feet, providing an expanded configuration for larger space requirements.

Key Highlights

• 8,356 square feet in Building 7
• Climate‑controlled, insulated, and painted interior
• Two restrooms included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,785

Cap Rate

3.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,815,700 $1.8M

Cap Rate 7%

$1,296,929 $1.3M

Cap Rate 9%

$1,008,722 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,356 SF

Gross rent

$124.3K $14.88/SF

− Vacancy

−$17.5K −$2.10/SF

EGI

$106.8K $12.78/SF

− OpEx

−$16.0K −$1.92/SF

NOI

$90.8K $10.86/SF

Area

Austin, TX

Vacancy

14.10%

Lease Rate

$14.88 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,815,700

Cap Rate 7%

$1,296,929

Cap Rate 9%

$1,008,722

Alternative Uses

Best Use

Warehouse

$1.30M

$1.13M – $1.51M (±1% cap)

NOI $90,785 @ 7.0% cap · market cap 3.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.27M

$2.87M – $3.82M (±1% cap)

NOI $229,211 @ 7.0% cap · market cap 9.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Big Box & Wholesale Store Building Supply Locksmith Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78736, TX

10,165

Population

4,539

Households

2.2

Avg Household Size

40

Median Age

54%

College-Educated

97%

High-School Grad

22.3 sq mi

ZIP Area

456

Density / Sq Mi

$100,761

Median Household Income

$52,920

Median Earnings

$1,849

Median Rent

$556,400

Median Home Value

Market

Vacancy Rate% for Industrial in Austin, TX

7.5% 2019

5.7% 2020

3.9% 2021

4.3% 2022

9.1% 2023

13.3% 2024

21.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - New construction combines an open interior with insulated finishes, natural light, and two restrooms for flexible commercial use.

Where is this warehouse located?

The property is located at 7-14510 Fitzhugh Rd Austin, TX.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: 8,356 square feet in Building 7; Climate‑controlled, insulated, and painted interior; Two restrooms included