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    6805 Capital Of Texas Hwy Austin, TX 78731

    Sponsored
    For Lease
    Contact for pricing

    Prestigious Austin office, flexible suites.

    Lot size:
    60,970 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    The Citadel, a three-story, 60,970 square foot office building in Austin, Texas' Northwest submarket, offers exceptional executive and creative office space. Located at 6805 N. Capital of Texas Hwy, zip code 78731, this Travis County property boasts stunning views overlooking the Bull Creek Preserve. Three suites are available, ranging from a minimum of 3,704 square feet to a maximum contiguous space of 6,064 square feet, with a total of 15,029 square feet currently vacant. The building features convenient access to major thoroughfares including Loop 360, Highway 183, and Mopac, ensuring effortless commutes. Its prime location places it minutes from The Arboretum and The Domain, providing employees with access to a wealth of amenities. The building offers a parking ratio of 3.7 spaces per 1,000 square feet. This multi-tenant building presents a unique opportunity for businesses seeking a prestigious and well-connected Austin office location. The building's modern design and convenient location make it an ideal choice for companies of all sizes. Contact us today to learn more about leasing opportunities.

    Property Features for 6805 Capital Of Texas Hwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,970 SF

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Suite 210
    Size
    5,261 SF
    Space
    Suite 270
    Size
    6,064 SF
    Space
    Suite 370
    Size
    3,704 SF

    HighLights

    • Three suites available, totaling 15,029 square feet, ranging from 3,704 to 6,064 square feet.
    • 60,970 square foot, three‑story office building in Austin's Northwest submarket at 6805 N. Capital of Texas Hwy, 78731.
    • Exceptional views overlooking Bull Creek Preserve, with easy access to Loop 360, Hwy 183, and Mopac.
    • Amenities include private covered patios, on‑site fitness center with showers, tenant break room/lounge, and executive covered parking.
    • 3.7 parking spaces per 1,000 square feet, plus convenient access to Bull Creek Hike & Bike Trail and proximity to The Arboretum and The Domain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Josh Flores | Mortgage ... Mortgage Lender Combined Agents of America ... Insurance Agency Nate Beita Home ... Mortgage Lender Reiter, Brunel & Dunn, ... Legal Services OneSCM® Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7872748
    Latitude
    30.3688243

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    FAQs

    What type of property is this?
    Office space - Prestigious Austin office, flexible suites.
    Where is this office space located?
    The property is located at 6805 Capital Of Texas Hwy Austin, TX.
    What are key features of this property?
    This property features: Three suites available, totaling 15,029 square feet, ranging from 3,704 to 6,064 square feet.; 60,970 square foot, three-story office building in Austin's Northwest submarket at 6805 N. Capital of Texas Hwy, 78731.; Exceptional views overlooking Bull Creek Preserve, with easy access to Loop 360, Hwy 183, and Mopac.
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    6805 Capital Of Texas Hwy Austin, TX 78731
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6805 Capital Of Texas Hwy Austin, TX 78731
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