East Austin Creative Mixed-Use
For Sale
Contact for pricing
Pending
1601 E Cesar Chavez St #106, Austin, TX 78702
Versatile creative space in vibrant East Austin, perfect for businesses.
Property Size1,051 SF
Days on Market664
Property Features for 1601 E Cesar Chavez St #106
General Information
Standard status
Pending
Size
1,051 SF
Total Parking Spaces
1
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
2007
Buildings
1
Stories
2
Units
1
Listing Agency:
DEN Property Group
(512) 731-7489
Listed By:
Bryan Cady · License #TX 0526188
Source:
Crexi
Added: Nov 4, 2024
Changed: Aug 22
Last Checked: Aug 29 at 2:45AM
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 DEN Property Group
Investment Insights
Based on property information with market context.
Located at 1601 E Cesar Chavez St #106 in Austin, TX 78702, this mixed-use property offers 1051 square feet of space suitable for creative professionals or businesses. The property features an open floor plan designed to foster creativity and collaboration, providing ample room for both work and leisure. A modern kitchen facilitates meal preparation and client meetings. A well-appointed bathroom is conveniently located within the space. Situated in the heart of East Austin, the loft is surrounded by local shops, restaurants, and cultural attractions, making it a desirable location for any creative business. This unique property offers the flexibility to adapt to various lifestyle and business needs.
Key Highlights
- Prime East Austin Location: Surrounded by local shops, restaurants, and cultural attractions.
- Versatile Space: Ideal for creative professionals or businesses seeking an inspiring environment.
- Open Floor Plan: An expansive layout designed for creativity and collaboration.
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
$21,410
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
2.85%
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%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,051 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
$37.7K $35.88/SF
− Vacancy
−$9.2K −$8.72/SF
EGI
$28.5K $27.16/SF
− OpEx
−$7.1K −$6.79/SF
NOI
$21.4K $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%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Office B
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 2.85%
Second Best
Mixed Use
$253.4K
$221.7K – $295.6K
NOI $17,736 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$411.9K
$360.4K – $480.5K
NOI $28,830 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
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?
Mixed-use property - Versatile creative space in vibrant East Austin, perfect for businesses.
Where is this mixed-use property located?
The property is located at 1601 E Cesar Chavez St #106 Austin, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime East Austin Location: Surrounded by local shops, restaurants, and cultural attractions.; Versatile Space: Ideal for creative professionals or businesses seeking an inspiring environment.; Open Floor Plan: An expansive layout designed for creativity and collaboration.
