Four-Unit Office
For Sale
Contact for pricing
821 Grand Avenue Parkway Bldg 200, Pflugerville, TX 78660
Four modern office units totaling 1,552 SF with strong highway access for flexible business use or ownership.
Property Size1,552 SF
Price / SF$341.49
Days on Market72
Property Features for 821 Grand Avenue Parkway Bldg 200
General Information
Standard status
Active
Size
1,552 SF
Class
B
Property subtype
Office
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$36,520
Additional Details
Highway Access
Yes
Office Units
4
Building Details
Units
4
Tenancy
Multi
Listing Agency:
CSA Realty Group
(512) 820-7429
Listed By:
Joel Hargett · License #TX-696888
Source:
Crexi
Added: May 30
Changed: Aug 8
Last Checked: Aug 8 at 7:49AM
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 CSA Realty Group
Investment Insights
Based on property information with market context.
This property is a 1,552 SF office building with four separate office units, offering a versatile configuration for tenants or an owner-operator. The building features a contemporary design intended to support a range of professional uses.
The property is located in Pflugerville, Texas, about 1 mile east of IH 35, with access also described as minutes from SH 130. Nearby amenities referenced in the offering include Stone Hill Town Center and The Domain, along with outdoor options such as Pfluger Park and Lake Pflugerville.
For office tenants, the multi-unit layout can support different team sizes and workflow needs within a single building. For buyers, the presence of four dedicated units provides a straightforward structure for housing multiple operations or consolidating professional services under one ownership, while benefiting from the stated regional access points.
The property is located in Pflugerville, Texas, about 1 mile east of IH 35, with access also described as minutes from SH 130. Nearby amenities referenced in the offering include Stone Hill Town Center and The Domain, along with outdoor options such as Pfluger Park and Lake Pflugerville.
For office tenants, the multi-unit layout can support different team sizes and workflow needs within a single building. For buyers, the presence of four dedicated units provides a straightforward structure for housing multiple operations or consolidating professional services under one ownership, while benefiting from the stated regional access points.
Key Highlights
- Four modern office units totaling 1,552 SF
- Located about 1 mile east of IH 35 in Pflugerville, TX
- Office layout is adaptable for flexible business use or ownership
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
$37,008
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
6.98%
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%
$740,160
$740.2K
Cap Rate 7%
$528,686
$528.7K
Cap Rate 9%
$411,200
$411.2K
Market Conditions
NOI Build-Up for 1,552 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
$49.3K $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%
$740,160
Cap Rate 7%
$528,686
Cap Rate 9%
$411,200
Alternative Uses
Best Use
Office B
$528.7K
$462.6K – $616.8K
NOI $37,008 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.8K
$567.7K – $756.9K
NOI $45,414 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Yes
Highway access
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 - Four modern office units totaling 1,552 SF with strong highway access for flexible business use or ownership.
Where is this office units located?
The property is located at 821 Grand Avenue Parkway Bldg 200 Pflugerville, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Four modern office units totaling 1,552 SF; Located about 1 mile east of IH 35 in Pflugerville, TX; Office layout is adaptable for flexible business use or ownership
