Remodeled Office Condo
8500 Bluffstone Cove Austin, TX 78759
8500 Bluffstone Cove, Austin, TX, 78759
Contact for pricing
For Sale
Contact for pricing
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 Market89
Property Features for 8500 Bluffstone Cove
General Information
- Standard status
- Active
- Size
- 13,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
Stream Capital Partners
(312) 899-6664
Listed by
Davy Turner · License #TX 714308
Source
Crexi
Added: Apr 24 Updated: Jul 20 at 10:06PM Checked: Jul 21 at 12:33PM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $488.0k | $35.88 |
| − Vacancy | −$118.6k | −$8.72 |
| EGI | $369.4k | $27.16 |
| − OpEx | −$92.3k | −$6.79 |
| NOI | $277.0k | $20.37 |
13,600 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Brett M. ...
Dental Office
Northwest Hills Smiles, ...
Dental Office
Hertel Benefits L.L.C.
Insurance Agency
Toler Law Group
Law Firm
Dr. Jacquelyn N. ...
Dental Office
Similar For Sale Nearby
FAQs
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
