Second-Floor Office
For Sale
$1,100,000
8500 Shoal Creek Blvd Unit 200, Austin, TX 78757
Professional office suite with a functional layout and access to Highway 183, MoPac, and Loop 360.
Property Size3,946 SF
Price / SF$278.76
Days on Market93
Property Features for 8500 Shoal Creek Blvd Unit 200
General Information
Standard status
Active
Size
3,946 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Office Units
1
Building Details
Year Built
1972
Listing Agency:
JNJ REAL ESTATE INVESTMENT LLC
Listed By:
Jenny Wang (512) 592-0280
(512) 592-0280
Source:
Seeaustinareahouses
Added: Jun 18
Changed: Sep 9
Last Checked: Sep 18 at 7:25AM
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 JNJ REAL ESTATE INVESTMENT LLC
Investment Insights
Based on property information with market context.
This 3,901 SF professional office condominium occupies the second floor of an established office development in North Central Austin. Built in 1972, the suite offers a functional office layout for professional users, including medical, legal, accounting, counseling, insurance, technology, and related office practices.
The property is located at 8500 Shoal Creek Blvd in Austin, with convenient access to Highway 183, MoPac, and Loop 360. The surrounding setting is described as a mature professional business environment. Walk Score is 83, Bike Score is 82, and Transit Score is 49.
The property is located at 8500 Shoal Creek Blvd in Austin, with convenient access to Highway 183, MoPac, and Loop 360. The surrounding setting is described as a mature professional business environment. Walk Score is 83, Bike Score is 82, and Transit Score is 49.
Key Highlights
- 3,901 SF professional office condominium
- Second‑floor suite in an established office development
- Functional layout for medical and other professional office users
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
$80,383
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
7.31%
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%
$1,607,660
$1.6M
Cap Rate 7%
$1,148,329
$1.1M
Cap Rate 9%
$893,144
$893.1K
Market Conditions
NOI Build-Up for 3,946 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
$141.6K $35.88/SF
− Vacancy
−$34.4K −$8.72/SF
EGI
$107.2K $27.16/SF
− OpEx
−$26.8K −$6.79/SF
NOI
$80.4K $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 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%
$1,607,660
Cap Rate 7%
$1,148,329
Cap Rate 9%
$893,144
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,383 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,241 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
Explore this area
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
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 - Professional office suite with a functional layout and access to Highway 183, MoPac, and Loop 360.
Where is this office units located?
The property is located at 8500 Shoal Creek Blvd Unit 200 Austin, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,901 SF professional office condominium; Second‑floor suite in an established office development; Functional layout for medical and other professional office users
