Second-Floor Office Suite with Courtyard
For Sale
$1,050,000
D201-3624 N Hills Dr, Austin, TX 78731
Second-floor office suite with courtyard views and flexible layout options for multiple office configurations.
Property Size3,088 SF
Price / SF$340.03
Days on Market321
Property Features for D201-3624 N Hills Dr
General Information
Standard status
Active
Size
3,088 SF
Total Parking Spaces
1
Additional Details
Floor
2
Office Units
14
Amenities
outdoor courtyard
Spanish fountain
Building Details
Tenancy
Multi
Listing Agency:
Austin Summit Group
(512) 748-4650
Listed By:
Chrissy Caputo · License #0472689
(512) 748-4650
Source:
Exprealty
Added: Sep 16, 2025
Changed: Jul 30
Last Checked: Jul 31 at 6:44PM
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 Austin Summit Group
Investment Insights
Based on property information with market context.
This second-floor office suite is approximately 3,088 SF and overlooks an outdoor courtyard with a zero-scaped Spanish fountain and mature oak trees. The space is designed to be flexible, with movable walls that can support a range of office configurations.
The offering is part of a complex that includes 14 office spaces plus a common greeting area and kitchen area. As currently set up, 11 of the 14 offices are rented, with leases described as renewable or able to be dissolved, while the remaining offices are open for a new owner to configure as desired. Parking for this unit includes 1 covered assigned spot, with additional parking available as common uncovered spaces.
The building environment is described as being located in the Northwest Hills area, about 5 minutes to Downtown Austin, and the courtyard and landscaping are positioned to be visible from many windows.
The offering is part of a complex that includes 14 office spaces plus a common greeting area and kitchen area. As currently set up, 11 of the 14 offices are rented, with leases described as renewable or able to be dissolved, while the remaining offices are open for a new owner to configure as desired. Parking for this unit includes 1 covered assigned spot, with additional parking available as common uncovered spaces.
The building environment is described as being located in the Northwest Hills area, about 5 minutes to Downtown Austin, and the courtyard and landscaping are positioned to be visible from many windows.
Key Highlights
- About 3,088 SF second‑floor office suite overlooking the outdoor courtyard
- Courtyard features a zero‑scaped Spanish fountain and mature oak trees
- Movable walls support different office configurations
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 | $110.8k | $35.88 |
| − Vacancy | −$26.9k | −$8.72 |
| EGI | $83.9k | $27.16 |
| − OpEx | −$21.0k | −$6.79 |
| NOI | $62.9k | $20.37 |
3,088 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$898.6K
$786.3K – $1.05M
NOI $62,905 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,706 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,836
Businesses Nearby
Explore this area
Business Placement
Demographics for 78731, TX
27,240
Population
14,939
Households
1.8
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
8.7 sq mi
ZIP Area
3,131
Density / Sq Mi
$102,886
Median Household Income
$69,232
Median Earnings
$1,673
Median Rent
$839,500
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 units - Second-floor office suite with courtyard views and flexible layout options for multiple office configurations.
Where is this office units located?
The property is located at D201-3624 N Hills Dr Austin, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: About 3,088 SF second‑floor office suite overlooking the outdoor courtyard; Courtyard features a zero‑scaped Spanish fountain and mature oak trees; Movable walls support different office configurations
