Office and Retail Space
For Sale
Contact for pricing
927 E 41st St, Austin, TX 78751
3,900 SF office and retail space for sale.
Property Size3,900 SF
Price / SF$511.54
Days on Market167
Property Features for 927 E 41st St
General Information
Standard status
Active
Size
3,900 SF
Class
B
Total Parking Spaces
10
Property subtype
Office
Zoning
GR
Lease Type
NNN
Building Details
Year Built
1980
Year Renovated
2023
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Asterra Properties
(512) 825-6287
Listed By:
Emmett Sweeney · License #824221
Source:
Crexi
Added: Mar 17
Changed: Aug 15
Last Checked: Aug 29 at 9:41AM
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 Asterra Properties
Investment Insights
Based on property information with market context.
This property offers 3,900 square feet of space suitable for office and retail use. It is located in Austin, TX.
Key Highlights
- 3,900 SF of Office Space
- Built in 1980
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
$79,446
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
3.98%
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%
$1,588,920
$1.6M
Cap Rate 7%
$1,134,943
$1.1M
Cap Rate 9%
$882,733
$882.7K
Market Conditions
NOI Build-Up for 3,900 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
$139.9K $35.88/SF
− Vacancy
−$34.0K −$8.72/SF
EGI
$105.9K $27.16/SF
− OpEx
−$26.5K −$6.79/SF
NOI
$79.4K $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%
$1,588,920
Cap Rate 7%
$1,134,943
Cap Rate 9%
$882,733
Alternative Uses
Best Use
Office B
$1.13M
$993.1K – $1.32M
NOI $79,446 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$981.0K
$858.4K – $1.14M
NOI $68,672 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,980 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78751, TX
17,071
Population
9,966
Households
1.7
Avg Household Size
30
Median Age
77%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
7,113
Density / Sq Mi
$81,657
Median Household Income
$53,330
Median Earnings
$1,627
Median Rent
$700,500
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 space - 3,900 SF office and retail space for sale.
Where is this office space located?
The property is located at 927 E 41st St Austin, TX.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 3,900 SF of Office Space; Built in 1980
