Versatile Commercial Property For
For Sale
$450,000
8212 Georgian Dr, Austin, TX 78753
Commercial property with office, garage, and paved lot.
Property Size1,426 SF
Lot Size0.19 Acres
Days on Market172
Property Features for 8212 Georgian Dr
General Information
Standard status
Active
Size
1,426 SF
Lot size
0.19 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,201
Building Details
Building Size
1,426 SF
Year Built
1977
Listing Agency:
Watters International Realty
(512) 737-8480
Listed By:
Chris Watters · License #0567369
(512) 737-8480
Source:
Elliman
Added: Mar 11
Changed: Aug 27
Last Checked: Aug 26 at 8:52AM
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 Watters International Realty
Investment Insights
Based on property information with market context.
This commercial property offers a versatile opportunity, being sold as is. The property is fully fenced and designed for high functionality. It includes an office building featuring two bathrooms, two lobbies, and five private offices, suitable for various business operations. The majority of the lot is paved with concrete, providing a durable and low-maintenance surface ideal for vehicles and equipment. At the rear of the property, there is a large, tall two-stall garage, which can accommodate oversized vehicles or serve as a workshop. An additional covered storage area provides extra flexibility. This site offers exceptional potential for expanding a business footprint or investing in a property with built-in infrastructure.
Key Highlights
- Fully fenced commercial property with durable concrete paving.
- Office building includes two bathrooms, two lobbies, and five private offices.
- Large, tall two‑stall garage suitable for oversized vehicles or workshop.
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
$29,049
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
6.46%
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%
$580,980
$581.0K
Cap Rate 7%
$414,986
$415.0K
Cap Rate 9%
$322,767
$322.8K
Market Conditions
NOI Build-Up for 1,426 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
$51.2K $35.88/SF
− Vacancy
−$12.4K −$8.72/SF
EGI
$38.7K $27.16/SF
− OpEx
−$9.7K −$6.79/SF
NOI
$29.0K $20.37/SF
Area
ZIP 78753
Vacancy
24.30%
Lease Rate
$35.88 /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%
$580,980
Cap Rate 7%
$414,986
Cap Rate 9%
$322,767
Alternative Uses
Best Use
Office B
$415.0K
$363.1K – $484.2K
NOI $29,049 @ 7.0% cap · market cap 6.46%
Second Best
Retail
$358.7K
$313.9K – $418.5K
NOI $25,109 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$558.8K
$489.0K – $651.9K
NOI $39,116 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial property with office, garage, and paved lot.
Where is this office building located?
The property is located at 8212 Georgian Dr Austin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully fenced commercial property with durable concrete paving.; Office building includes **two bathrooms, two lobbies, and five private offices.**; Large, tall two‑stall garage suitable for oversized vehicles or workshop.
