Move-In Ready Office
For Sale
$335,000
701 Crystal Falls Pkwy 110 & 120, Leander, TX 78641
Newly constructed office condominiums offer finished interiors for owner-users or investment ownership.
Property Size871 SF
Price / SF$384.62
Days on Market114
Property Features for 701 Crystal Falls Pkwy 110 & 120
General Information
Standard status
Active
Size
871 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Listing Agency:
Full Circle RE
(510) 742-6600
Listed By:
Sunitha Samala
Source:
Austintexasrealestate
Added: May 9
Changed: Aug 30
Last Checked: Aug 25 at 4:01AM
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 Full Circle RE
Investment Insights
Based on property information with market context.
This office condominium offering includes newly constructed units with completed interiors and a move-in-ready configuration. The property was built in 2026 and is located at 701 Crystal Falls Pkwy, with units 110 and 120 identified in the address. The space is positioned for businesses seeking office occupancy or ownership structured around an investment strategy.
The property is in Leander within the Greater Austin MSA, with access to Ronald Reagan Boulevard, Highway 1431, Bagdad Road, and the Highway 183 corridor. Within a 3-mile radius, the surrounding area includes a population of 65,668, average household income of $162,582, and a daytime population of 29,957. Walk Score is 23 and Bike Score is 55.
The property is in Leander within the Greater Austin MSA, with access to Ronald Reagan Boulevard, Highway 1431, Bagdad Road, and the Highway 183 corridor. Within a 3-mile radius, the surrounding area includes a population of 65,668, average household income of $162,582, and a daytime population of 29,957. Walk Score is 23 and Bike Score is 55.
Key Highlights
- 2026 construction with newly completed office condominium units
- Finished interiors in a move‑in‑ready configuration
- Units 110 and 120 at 701 Crystal Falls Pkwy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,380
$415.4K
Cap Rate 7%
$296,700
$296.7K
Cap Rate 9%
$230,767
$230.8K
Market Conditions
NOI Build-Up for 871 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.6K $42.00/SF
− Vacancy
−$8.9K −$10.21/SF
EGI
$27.7K $31.79/SF
− OpEx
−$6.9K −$7.95/SF
NOI
$20.8K $23.85/SF
Area
Travis 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,380
Cap Rate 7%
$296,700
Cap Rate 9%
$230,767
Alternative Uses
Best Use
Office B
$296.7K
$259.6K – $346.2K
NOI $20,769 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.1K
$318.6K – $424.8K
NOI $25,487 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly constructed office condominiums offer finished interiors for owner-users or investment ownership.
Where is this office units located?
The property is located at 701 Crystal Falls Pkwy 110 & 120 Leander, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2026 construction with newly completed office condominium units; Finished interiors in a move‑in‑ready configuration; Units 110 and 120 at 701 Crystal Falls Pkwy
