13740 Research Blvd Austin, TX 78750
This exceptional investment opportunity presents four connected office condos totaling 3,000 square feet within the well-maintained Lake Creek Office Park in Austin, Texas. Located near the intersection of Highway 183 and Lake Creek Parkway, this property boasts convenient access and high visibility. Each of the four units features multiple offices, private bathrooms, and kitchenettes, offering flexible space configurations ideal for various business needs. Independently metered with individual HVAC systems, these units provide efficient utility management. The property benefits from ample parking and is strategically positioned near the southwest quadrant of the Highway 45 (620) and Highway 183 (Research Boulevard) interchange, with nearby restaurants within walking distance. Currently generating rental income with leases ranging from one to four years, this presents a strong cash flow opportunity. Buyers have the option to purchase one or all four units. The low-maintenance aspect is further enhanced by the Lake Creek Office Condo Park HOA, which covers nearly all exterior maintenance and insurance. The property was renovated in 2020 and is classified as Class C. The APN is R061766. This is a multi-tenant, owner-user investment opportunity priced at $730,000 ($243.33 per square foot). The single-story building is situated on a one-building site.
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Revised Real Estate Real Estate Agency
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Jennifer Baca, MA, LPC Physician Medical Clinic
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Yoga Meditation Group Alternative Medicine Practice Spiritual Center
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F. Allen Males III, MA, LPC Crisis Center Medical Clinic
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Law Office of William Shen Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.