Conditioned Flex Space with
For Sale
$1,390,000
G-14707 Fitzhugh Rd, Austin, TX 78736
Climate-controlled flex facility combining warehouse capacity, finished offices, and multiple loading bays.
Property Size5,426 SF
Price / SF$256.17
Days on Market194
Property Features for G-14707 Fitzhugh Rd
General Information
Standard status
Active
Size
5,426 SF
Warehouse & Industrial
Warehouse Space
4,472 SF
Office Build-Out
954 SF
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$10,322
Building Details
Building Size
5,426 SF
Listing Agency:
Stanberry REALTORS
(512) 415-2265
Listed By:
Scott Daves · License #0470497
(512) 415-2265
Source:
Exprealty
Added: Feb 10
Changed: Aug 21
Last Checked: Aug 23 at 3:26AM
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 Stanberry REALTORS
Investment Insights
Based on property information with market context.
This flex space combines approximately 4,472 SF of warehouse area with 954 SF of finished office space within a 5,426 SF facility. Multiple mini-split HVAC systems serve both portions of the building, providing climate control for operations, inventory, equipment, and administrative areas. Five bay doors support loading and internal workflow movement. The property also includes a UV water filtration system connected to a rainwater collection system.
Located at G-14707 Fitzhugh Rd in Austin, the facility provides access to Dripping Springs and Austin. Its mix of conditioned warehouse and office improvements supports distribution, light manufacturing, trade services, storage, and other flex industrial operations.
Located at G-14707 Fitzhugh Rd in Austin, the facility provides access to Dripping Springs and Austin. Its mix of conditioned warehouse and office improvements supports distribution, light manufacturing, trade services, storage, and other flex industrial operations.
Key Highlights
- 5,426 SF flex industrial facility with approximately 4,472 SF of warehouse space
- 954 SF of finished office space
- Five (5) bay doors for loading and access
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
$110,532
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
7.95%
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%
$2,210,640
$2.2M
Cap Rate 7%
$1,579,029
$1.6M
Cap Rate 9%
$1,228,133
$1.2M
Market Conditions
NOI Build-Up for 5,426 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
$194.7K $35.88/SF
− Vacancy
−$47.3K −$8.72/SF
EGI
$147.4K $27.16/SF
− OpEx
−$36.8K −$6.79/SF
NOI
$110.5K $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%
$2,210,640
Cap Rate 7%
$1,579,029
Cap Rate 9%
$1,228,133
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,532 @ 7.0% cap · market cap 7.95%
Second Best
Warehouse
$842.2K
$736.9K – $982.5K
NOI $58,951 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,839 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78736, TX
10,165
Population
4,539
Households
2.2
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
456
Density / Sq Mi
$100,761
Median Household Income
$52,920
Median Earnings
$1,849
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled flex facility combining warehouse capacity, finished offices, and multiple loading bays.
Where is this flex space located?
The property is located at G-14707 Fitzhugh Rd Austin, TX.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 5,426 SF flex industrial facility with approximately 4,472 SF of warehouse space; 954 SF of finished office space; Five (5) bay doors for loading and access
