Pflugerville Office Building For
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821 Grand Ave Pkwy Bldg 2, Pflugerville, TX 78660
Commercial property suitable for professional, medical, or administrative use.
Property Size1,553 SF
Price / SF$333.23
Days on Market167
Property Features for 821 Grand Ave Pkwy Bldg 2
General Information
Standard status
Active
Size
1,553 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$31,800
Building Details
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
JPAR & Associates
Listed By:
Perry Sanford · License #TX 691494
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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 JPAR & Associates
Investment Insights
Based on property information with market context.
Located in Pflugerville, Texas, the commercial property at 821 Grand Avenue Parkway, Building 2, is suitable for business operations and regional access. The property features 4 single offices with a restroom, kitchenette, and individual HVAC systems. Situated within the Grand Avenue Parkway corridor, the location is 15 miles north of downtown Austin, offering direct access to IH-35 and Loop 1 (MoPac Expressway). The property is zoned for professional, medical, or administrative use. On-site surface parking is available for staff and visitors. The building is connected to municipal water, sewer, and high-speed fiber internet infrastructure. The property size is 1553 square feet.
Key Highlights
- Prime location in the Grand Avenue Parkway corridor with direct access to IH‑35 and Loop 1 (MoPac Expressway), offering excellent regional accessibility and visibility.
- Versatile zoning designated for professional, medical, or administrative use, providing flexibility for various business operations.
- Multi‑unit structure featuring 4 single offices, ideal for leasing or accommodating multiple business functions.
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
$37,032
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
7.16%
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%
$740,640
$740.6K
Cap Rate 7%
$529,029
$529.0K
Cap Rate 9%
$411,467
$411.5K
Market Conditions
NOI Build-Up for 1,553 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
$65.2K $42.00/SF
− Vacancy
−$15.8K −$10.21/SF
EGI
$49.4K $31.79/SF
− OpEx
−$12.3K −$7.95/SF
NOI
$37.0K $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%
$740,640
Cap Rate 7%
$529,029
Cap Rate 9%
$411,467
Alternative Uses
Best Use
Office B
$529.0K
$462.9K – $617.2K
NOI $37,032 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.2K
$568.1K – $757.4K
NOI $45,444 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 78660, TX
110,955
Population
44,399
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
44.6 sq mi
ZIP Area
2,488
Density / Sq Mi
$109,522
Median Household Income
$55,927
Median Earnings
$1,769
Median Rent
$369,300
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 - Commercial property suitable for professional, medical, or administrative use.
Where is this office units located?
The property is located at 821 Grand Ave Pkwy Bldg 2 Pflugerville, TX.
What is the asking price?
The asking price for this property is $517,500.
What are key features of this property?
This property features: Prime location in the Grand Avenue Parkway corridor with direct access to IH‑35 and Loop 1 (MoPac Expressway), offering excellent regional accessibility and visibility.; Versatile zoning designated for professional, medical, or administrative use, providing flexibility for various business operations.; Multi‑unit structure featuring 4 single offices, ideal for leasing or accommodating multiple business functions.
