Office Condo with Abundant
New
For Sale
Contact for pricing
8850 Business Park Dr, Austin, TX 78759
The vacant unit offers a reception area, two private offices, a kitchenette, and a dedicated restroom.
Property Size1,111 SF
Price / SF$378.04
Days on Market6
Property Features for 8850 Business Park Dr
General Information
Standard status
Active
Size
1,111 SF
Property subtype
OFFICE
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
needs new flooring and paint
Additional Details
HOA Fee
$452.96
Building Details
Owner Occupied
Yes
Listing Agency:
Austin Office Space
Listed By:
Chad Jewell
(512) 349-0003
Source:
Moodyscre
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 20 at 9:29PM
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 Austin Office Space
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Investment Insights
Based on property information with market context.
This 1,111-square-foot office condo is part of a nine-building office condominium project at 8850 Business Park Dr in Austin. Its plan includes a reception area, two executive-sized offices, a kitchenette with upper and lower cabinets, a private restroom, and a compact refrigerator storage room with a second exit. Fifteen windows across three sides bring natural light into the space. The unit is owner-occupied and will be delivered vacant; flooring and paint need updating.
Key Highlights
- 1,111‑square‑foot office condo in a nine‑building project
- 15 windows across three sides
- Reception area and two executive‑sized offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,632
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,640
$452.6K
Cap Rate 7%
$323,314
$323.3K
Cap Rate 9%
$251,467
$251.5K
Market Conditions
NOI Build-Up for 1,111 SF
Gross rent
$39.9K $35.88/SF
− Vacancy
−$9.7K −$8.72/SF
EGI
$30.2K $27.16/SF
− OpEx
−$7.5K −$6.79/SF
NOI
$22.6K $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%
$452,640
Cap Rate 7%
$323,314
Cap Rate 9%
$251,467
Alternative Uses
Best Use
Office B
$323.3K
$282.9K – $377.2K
NOI $22,632 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$435.4K
$380.9K – $507.9K
NOI $30,475 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
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
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Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - The vacant unit offers a reception area, two private offices, a kitchenette, and a dedicated restroom.
Where is this office unit located?
The property is located at 8850 Business Park Dr Austin, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,111‑square‑foot office condo in a nine‑building project; 15 windows across three sides; Reception area and two executive‑sized offices
