Office Unit For
For Sale
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8500 Bluffstone Cove, Austin, TX 78759
Office unit with 1,204 square feet of space.
Property Size1,204 SF
Price / SF$400
Days on Market237
Property Features for 8500 Bluffstone Cove
General Information
Standard status
Active
Size
1,204 SF
Total Parking Spaces
170
Property subtype
Office
Zoning
LO
Building Details
Year Built
2001
Stories
2
Tenancy
Multi
Listing Agency:
Mutual Trust Corporate Real Estate
Listed By:
Buddy Francese · License #90000703
Source:
Crexi
Added: Feb 26
Changed: Oct 6
Last Checked: Oct 20 at 8:57PM
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 Mutual Trust Corporate Real Estate
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Investment Insights
Based on property information with market context.
This commercial real estate offering features an office unit with a total area of 1,204 square feet. The property is located in Austin, Texas.
Key Highlights
- Office Space
- 1,204 SqFt
- Built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,527
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,540
$490.5K
Cap Rate 7%
$350,386
$350.4K
Cap Rate 9%
$272,522
$272.5K
Market Conditions
NOI Build-Up for 1,204 SF
Gross rent
$43.2K $35.88/SF
− Vacancy
−$10.5K −$8.72/SF
EGI
$32.7K $27.16/SF
− OpEx
−$8.2K −$6.79/SF
NOI
$24.5K $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%
$490,540
Cap Rate 7%
$350,386
Cap Rate 9%
$272,522
Alternative Uses
Best Use
Office B
$350.4K
$306.6K – $408.8K
NOI $24,527 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.8K
$412.8K – $550.5K
NOI $33,027 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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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
View Realmo Analytics
Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with 1,204 square feet of space.
Where is this office unit located?
The property is located at 8500 Bluffstone Cove Austin, TX.
What is the asking price?
The asking price for this property is $481,600.
What are key features of this property?
This property features: Office Space; 1,204 SqFt; Built in 2001
