Office Unit in Austin,
2500 W William Cannon Dr Austin, TX 78745
2500 W William Cannon Dr, Austin, TX, 78745
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For Sale
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1,409 SF office unit available for sale.
Property Size1,409 SF
Price / SF$339.96
Days on Market725
Property Features for 2500 W William Cannon Dr
General Information
- Standard status
- Active
- Size
- 1,409 SF
- Property subtype
- Office
Building Details
- Year Built
- 2010
Listing Agency
Quest Realty Texas
Listed by
John Cummings · License #TX 662316
Source
Crexi
Added: Jul 23, 2024 Checked: Jul 15 at 3:04 pm
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 Quest Realty Texas
Investment Insights
Based on property information with market context.
Suite 304, totaling 1,409 square feet, is available for purchase. The unit features installed HVAC and a single bathroom. A new electrical meter will be required. The ESPA for the meter has been approved with the City of Austin. Architectural plans are available and would convey with the transaction. The space is currently vacant and easy to tour.
Key Highlights
- Significantly reduced price: Now $535,000 (previously $675,000).
- Vacant and easy to tour.
- Includes installed HVAC and a bathroom.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.3k | $30.00 |
| − Vacancy | −$11.0k | −$7.80 |
| EGI | $31.3k | $22.20 |
| − OpEx | −$7.8k | −$5.55 |
| NOI | $23.5k | $16.65 |
1,409 SF · lease $30.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$335.1K
$293.3K – $391.0K
NOI $23,460 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.0K
$515.4K – $687.2K
NOI $41,230 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Austin Area Birthing ...
Medical Clinic
Dr. Jeannie M. ...
Dental Office
Austin Implants & Periodontics
Dental Office
Dentalsaurus
Dental Office
Pearson & Cmerek, PC
Accounting Firm
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FAQs
What type of property is this?
Office units - 1,409 SF office unit available for sale.
Where is this office units located?
The property is located at 2500 W William Cannon Dr Austin, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Significantly reduced price: Now $535,000 (previously $675,000).; Vacant and easy to tour.; Includes installed HVAC and a bathroom.
