Stand-Alone Flex
For Sale
Contact for pricing
801 County Road 118, Hutto, TX 78634
Industrial building with office, fenced yard, and three-phase power.
Property Size11,200 SF
Lot Size2.72 Acres
Price / SF$330.36
Days on Market9
Property Features for 801 County Road 118
General Information
Standard status
Active
Size
11,200 SF
Class
A
Lot size
2.72 Acres
Property subtype
Industrial, Land
Lease Type
NNN
Investment Type
Sale/Leaseback
Warehouse & Industrial
Office Build-Out
1,745 SF
Power
400 amps
Three-Phase Power
Yes
Sprinkler System
No
Additional Details
Asking Price
$3,700,000
Fenced Yard
Yes
Building Details
Year Built
2025
Buildings
1
Tenancy
Single
Building Size
11,200 SF
Listing Agency:
Don Quick & Associates Inc
(512) 255-3000
Listed By:
Darren Quick · License #TX 443913
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 21 at 7:18PM
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 Don Quick & Associates Inc
Investment Insights
Based on property information with market context.
This stand-alone flex property includes 11,200 SF of building area on 2.723 acres. The office component covers 1,745 SF and includes reception, three offices, a conference room, break room, and three restrooms. The warehouse area has 20-foot clear height along the sides, with greater height toward the center, plus 12-by-16-foot overhead doors. The building is not sprinklered and includes a fenced yard, 3-phase power, and 400 AMPS.
The property is located off University Blvd and 130 Toll in Hutto, Texas. A separate 11,975 SF stand-alone building has been engineered and designed for potential addition to the site, providing a defined expansion concept for future consideration.
The property is located off University Blvd and 130 Toll in Hutto, Texas. A separate 11,975 SF stand-alone building has been engineered and designed for potential addition to the site, providing a defined expansion concept for future consideration.
Key Highlights
- 11,200 SF stand‑alone building on 2.723 acres
- 1,745 SF office area with reception, 3 offices, conference room, break room, and 3 restrooms
- 20‑foot clear height along the sides, with greater height in the middle
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
$267,070
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
7.22%
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%
$5,341,400
$5.3M
Cap Rate 7%
$3,815,286
$3.8M
Cap Rate 9%
$2,967,444
$3.0M
Market Conditions
NOI Build-Up for 11,200 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
$470.4K $42.00/SF
− Vacancy
−$114.3K −$10.21/SF
EGI
$356.1K $31.79/SF
− OpEx
−$89.0K −$7.95/SF
NOI
$267.1K $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 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%
$5,341,400
Cap Rate 7%
$3,815,286
Cap Rate 9%
$2,967,444
Alternative Uses
Best Use
Office B
$3.82M
$3.34M – $4.45M
NOI $267,070 @ 7.0% cap · market cap 7.22%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,759 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$4.68M
$4.10M – $5.46M
NOI $327,732 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78634, TX
37,951
Population
15,322
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
56.4 sq mi
ZIP Area
673
Density / Sq Mi
$111,227
Median Household Income
$52,649
Median Earnings
$2,024
Median Rent
$334,200
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?
Flex space - Industrial building with office, fenced yard, and three-phase power.
Where is this flex space located?
The property is located at 801 County Road 118 Hutto, TX.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 11,200 SF stand‑alone building on 2.723 acres; 1,745 SF office area with reception, 3 offices, conference room, break room, and 3 restrooms; 20‑foot clear height along the sides, with greater height in the middle
