Flex Space with Covered
For Sale
Contact for pricing
701 Victor Street, Austin, TX 78753
Two office buildings and a gated, covered work area create a flexible setup for business operations.
Property Size1,292 SF
Price / SF$1.93
Days on Market18
Property Features for 701 Victor Street
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Industrial
Site & Location
Neighborhood
North Lamar
Building Details
Year Built
1958
Listing Agency:
All City Real Estate Ltd. Co
(866) 277-6005
Listed By:
Nolan Stahl · License #0784128
(512) 592-9789
Source:
Hoydenhomes
Added: Oct 16
Changed: Nov 1
Last Checked: Nov 1 at 1:25AM
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 All City Real Estate Ltd. Co
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Investment Insights
Based on property information with market context.
This Austin flex property combines two office buildings with a substantial covered, open-air workshop area. The approximately 9,950 SF of leasable area includes approximately 1,292 SF of recorded building area, with the balance described as covered workspace. The primary building has three rooms, a kitchen, a common area, one full bathroom and one half bathroom. The second building adds two rooms and another half bathroom; a third half bathroom serves the workshop. The property was built in 1958 and occupies approximately 0.29 acres.
A manual sliding metal gate at the front can secure the property from the street. The covered work area offers protected space for equipment, materials, fabrication, assembly, storage and day-to-day operations. An onsite forklift may be available, subject to arrangement.
A manual sliding metal gate at the front can secure the property from the street. The covered work area offers protected space for equipment, materials, fabrication, assembly, storage and day-to-day operations. An onsite forklift may be available, subject to arrangement.
Key Highlights
- Approximately 9,950 SF of leasable area, including approximately 1,292 SF of recorded building area
- Two office buildings with five rooms total
- Covered open‑air workshop and workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,883
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,660
$217.7K
Cap Rate 7%
$155,471
$155.5K
Cap Rate 9%
$120,922
$120.9K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$19.1K $14.76/SF
− Vacancy
−$2.3K −$1.80/SF
EGI
$16.7K $12.96/SF
− OpEx
−$5.9K −$4.54/SF
NOI
$10.9K $8.42/SF
Area
ZIP 78753
Vacancy
12.20%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,660
Cap Rate 7%
$155,471
Cap Rate 9%
$120,922
Alternative Uses
Best Use
Industrial
$167.4K
$146.5K – $195.3K
NOI $11,720 @ 7.0% cap · market cap 468.80%
Second Best
Flex RnD
$155.5K
$136.0K – $181.4K
NOI $10,883 @ 7.0% cap · market cap 435.32%
Theoretical Best
Office A
$506.3K
$443.0K – $590.7K
NOI $35,440 @ 7.0% cap · market cap 1,417.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in Austin, TX
Similar Off Market Nearby
- Dagar's Catering — 834 Kramer Ln, Austin, TX 78758
- Chef Roseboom — 11603 Tedford St, Austin, TX 78753
Frequently Asked Questions
What type of property is this?
Flex space - Two office buildings and a gated, covered work area create a flexible setup for business operations.
Where is this flex space located?
The property is located at 701 Victor Street Austin, TX.
What are key features of this property?
This property features: Approximately 9,950 SF of leasable area, including approximately 1,292 SF of recorded building area; Two office buildings with five rooms total; Covered open‑air workshop and workspace
