Open-Concept Office
New
For Sale
$195,000
9090 Jollyville Rd 105, Austin, TX 78759
Commercial condominium with a private bathroom and adaptable interior arrangement in North Austin.
Property Size3,800 SF
Price / SF$487.50
Days on Market4
Property Features for 9090 Jollyville Rd 105
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,622
Amenities
private bathroom
Building Details
Building Size
3,800 SF
Year Built
1983
Listing Agency:
The Templeton Group
(512) 944-3958
Listed By:
Megan Templeton
(512) 944-3958
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 10:56AM
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 The Templeton Group
Investment Insights
Based on property information with market context.
This commercial condominium provides approximately 400 SF of open-concept office space with a private bathroom. The clean, flexible layout can be arranged for different office requirements while maintaining a compact footprint suited to a small business or professional workspace.
The property is located at 9090 Jollyville Rd 105 in Austin’s 78759 area. Constructed in 1983, the office is in a car-dependent setting with some transit service and a bike score of 51.
The property is located at 9090 Jollyville Rd 105 in Austin’s 78759 area. Constructed in 1983, the office is in a car-dependent setting with some transit service and a bike score of 51.
Key Highlights
- Approximately 400 SF of open‑concept office space
- Private bathroom included
- Flexible interior layout for office configuration
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
$8,148
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
4.18%
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%
$162,960
$163.0K
Cap Rate 7%
$116,400
$116.4K
Cap Rate 9%
$90,533
$90.5K
Market Conditions
NOI Build-Up for 400 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
$14.4K $35.88/SF
− Vacancy
−$3.5K −$8.72/SF
EGI
$10.9K $27.16/SF
− OpEx
−$2.7K −$6.79/SF
NOI
$8.1K $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%
$162,960
Cap Rate 7%
$116,400
Cap Rate 9%
$90,533
Alternative Uses
Best Use
Office B
$116.4K
$101.9K – $135.8K
NOI $8,148 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$156.7K
$137.2K – $182.9K
NOI $10,972 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,540
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
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condominium with a private bathroom and adaptable interior arrangement in North Austin.
Where is this office units located?
The property is located at 9090 Jollyville Rd 105 Austin, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Approximately 400 SF of open‑concept office space; Private bathroom included; Flexible interior layout for office configuration
