Remodeled Office Condo
For Sale
Contact for pricing
8500 Bluffstone Cove, Austin, TX 78759
Entire-floor office condo with over 10,000 usable square feet, remodeled in 2019 for a modern workplace.
Property Size13,600 SF
Price / SF$235.29
Days on Market167
Property Features for 8500 Bluffstone Cove
General Information
Standard status
Active
Size
13,600 SF
Class
A
Total Parking Spaces
85
Property subtype
Office
Building Details
Year Built
2002
Year Renovated
2019
Listing Agency:
Stream Capital Partners
Listed By:
Davy Turner · License #TX 714308
(312) 899-6664
Source:
Crexi
Added: Apr 24
Changed: Sep 14
Last Checked: Oct 5 at 4:32PM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
This class A office condo comprises an entire floor and offers over 10,000 usable square feet. The space was remodeled in 2019 and presents a modern, contemporary look intended to suit a wide range of office occupants.
The property is located in Austin’s premier suburban office sub-market, surrounded by supporting office, retail, schools, and affluent neighborhoods.
Offered for sale, this is a single, self-contained floor plan configuration within a condo office setting.
The property is located in Austin’s premier suburban office sub-market, surrounded by supporting office, retail, schools, and affluent neighborhoods.
Offered for sale, this is a single, self-contained floor plan configuration within a condo office setting.
Key Highlights
- Class A office condo built in 2002, offering an entire floor layout
- Over 10,000 usable SF dedicated office space
- Remodeled in 2019 for a modern workplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$277,044
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,540,880
$5.5M
Cap Rate 7%
$3,957,771
$4.0M
Cap Rate 9%
$3,078,267
$3.1M
Market Conditions
NOI Build-Up for 13,600 SF
Gross rent
$488.0K $35.88/SF
− Vacancy
−$118.6K −$8.72/SF
EGI
$369.4K $27.16/SF
− OpEx
−$92.3K −$6.79/SF
NOI
$277.0K $20.37/SF
Area
Austin, TX
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 Rate 5%
$5,540,880
Cap Rate 7%
$3,957,771
Cap Rate 9%
$3,078,267
Alternative Uses
Best Use
Office B
$3.96M
$3.46M – $4.62M
NOI $277,044 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.33M
$4.66M – $6.22M
NOI $373,057 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
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Frequently Asked Questions
What type of property is this?
Office units - Entire-floor office condo with over 10,000 usable square feet, remodeled in 2019 for a modern workplace.
Where is this office units located?
The property is located at 8500 Bluffstone Cove Austin, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Class A office condo built in 2002, offering an entire floor layout; Over 10,000 usable SF dedicated office space; Remodeled in 2019 for a modern workplace
