Corner Office
For Sale
$525,000
8500 Shoal Creek Blvd #103, Austin, TX 78757
Renovated workspace features first-floor access directly from the parking lot.
Property Size1,790 SF
Price / SF$293.30
Days on Market19
Property Features for 8500 Shoal Creek Blvd #103
General Information
Standard status
Active
Size
1,790 SF
Property subtype
Commercial
Space & Availability
Floor
1
Condition
Newly Renovated
Site & Location
Neighborhood
North Shoal Creek
Additional Details
Property Use
Office
Building Details
Building Size
1,790 SF
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
DeVillar Properties
Listed By:
George DeVillar
(512) 639-0258
Source:
Devillarproperties
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 3:38PM
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 DeVillar Properties
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Investment Insights
Based on property information with market context.
This first-floor office condominium spans approximately 1,790 square feet and occupies a corner position. Recent improvements include luxury vinyl plank flooring and fresh interior paint. Windows provide natural light in the executive office areas, and the layout supports private offices and meeting space. Direct parking-lot access avoids the need to pass through interior common corridors.
The property is in Austin’s Shoal Creek business corridor, near US-183 and MoPac, with connections to North Austin employment centers. Built in 1972, the office is available for immediate occupancy.
The property is in Austin’s Shoal Creek business corridor, near US-183 and MoPac, with connections to North Austin employment centers. Built in 1972, the office is available for immediate occupancy.
Key Highlights
- Approximately 1,790 square feet
- First‑floor corner office condominium
- Renovated with luxury vinyl plank flooring and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,464
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,280
$729.3K
Cap Rate 7%
$520,914
$520.9K
Cap Rate 9%
$405,156
$405.2K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$64.2K $35.88/SF
− Vacancy
−$15.6K −$8.72/SF
EGI
$48.6K $27.16/SF
− OpEx
−$12.2K −$6.79/SF
NOI
$36.5K $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%
$729,280
Cap Rate 7%
$520,914
Cap Rate 9%
$405,156
Alternative Uses
Best Use
Office B
$520.9K
$455.8K – $607.7K
NOI $36,464 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.4K
$613.8K – $818.4K
NOI $49,101 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
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Business Placement
Demographics for 78757, TX
23,847
Population
11,930
Households
2
Avg Household Size
37
Median Age
68%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
4,769
Density / Sq Mi
$104,946
Median Household Income
$65,886
Median Earnings
$1,661
Median Rent
$629,500
Median Home Value
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Renovated workspace features first-floor access directly from the parking lot.
Where is this office unit located?
The property is located at 8500 Shoal Creek Blvd #103 Austin, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 1,790 square feet; First‑floor corner office condominium; Renovated with luxury vinyl plank flooring and fresh interior paint
