Office Unit For
For Sale
Contact for pricing
8820 Business Park Dr, Austin, TX 78759
Office unit with 1,248 square feet of space.
Property Size1,248 SF
Price / SF$296.47
Days on Market224
Property Features for 8820 Business Park Dr
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1982
Year Renovated
2021
Units
1
Listing Agency:
Commercial Market Exchange
Listed By:
Jennifer Varelli, CCIM · License #TX 0605537
(512) 774-9520
Source:
Crexi
Added: Mar 12
Changed: Oct 3
Last Checked: Oct 20 at 6:20PM
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 Commercial Market Exchange
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office unit with 1,248 square feet of space. The property is located at 8820 Business Park Dr, Austin, TX 78759.
Key Highlights
- Office Space available
- 1,248 SqFt of space
- Built in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,423
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,460
$508.5K
Cap Rate 7%
$363,186
$363.2K
Cap Rate 9%
$282,478
$282.5K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$44.8K $35.88/SF
− Vacancy
−$10.9K −$8.72/SF
EGI
$33.9K $27.16/SF
− OpEx
−$8.5K −$6.79/SF
NOI
$25.4K $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 Rate 5%
$508,460
Cap Rate 7%
$363,186
Cap Rate 9%
$282,478
Alternative Uses
Best Use
Office B
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.0K
$427.9K – $570.6K
NOI $34,233 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,569
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 1,248 square feet of space.
Where is this office unit located?
The property is located at 8820 Business Park Dr Austin, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Office Space available; 1,248 SqFt of space; Built in 1982
