South Lamar Office Condominium
4544 S Lamar Blvd Austin, TX 78745
4544 S Lamar Blvd, Austin, TX, 78745
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For Sale
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Office condominiums in South Central Austin, below-market pricing.
Property Size8,498 SF
Price / SF$395
Days on Market768
Property Features for 4544 S Lamar Blvd
General Information
- Standard status
- Active
- Size
- 8,498 SF
- Property subtype
- Office, Retail, Special Purpose
Listing agency
Centric Commercial
Listed by
Kent McCoy · License #TX
Source
Crexi
Added: Jun 14, 2024 Updated: Jul 6 at 7:56AM Checked: Jul 21 at 5:04AM
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 Centric Commercial
Investment Insights
Based on property information with market context.
South Lamar Center is a commercial condominium project located in South Central Austin, near Central Market and Brodie Oak Center. The seller acquired the 112,854 square foot office building, formerly an AT&T call center, and converted it into commercial condominiums for purchase. The seller's acquisition cost allows them to offer units at discounted pricing. The property offers a buying opportunity for purchasers to acquire office condominiums.
Key Highlights
- Below‑market discounted pricing due to seller's acquisition cost.
- Opportunity to purchase commercial condominiums in South Central Austin.
- Strategically located in the heart of South Central Austin near Central Market & Brodie Oak Center.
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 | $254.9k | $30.00 |
| − Vacancy | −$66.3k | −$7.80 |
| EGI | $188.7k | $22.20 |
| − OpEx | −$47.2k | −$5.55 |
| NOI | $141.5k | $16.65 |
8,498 SF · lease $30.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,492 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,666 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fuse Bungee Fitness- ...
Gym & Fitness Center
Dean H. Rushing, ...
Alternative Medicine Practice
Mom's Best Friend
Employment Agency
Jovie of Greater Austin
Employment Agency
Stacey Lizette Belly ...
Training Center
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FAQs
What type of property is this?
Office units - Office condominiums in South Central Austin, below-market pricing.
Where is this office units located?
The property is located at 4544 S Lamar Blvd Austin, TX.
What is the asking price?
The asking price for this property is $3,356,710.
What are key features of this property?
This property features: Below‑market discounted pricing due to seller's acquisition cost.; Opportunity to purchase commercial condominiums in South Central Austin.; Strategically located in the heart of South Central Austin near Central Market & Brodie Oak Center.
