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    13740 Research Blvd Austin, TX 78750
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    13740 Research Blvd Austin, TX 78750

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    • Office properties & Spaces
    • 3,000 SF
    For Sale
    $730,000
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    Austin Office Park Investment For Sale
    $730,000
    3,000 SF

    Austin Office Park Investment

    Four units, prime NW Austin location.

    13740 Research Blvd, Austin, TX 78750
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Revised Real Estate / Real Estate Agency
    • Jennifer Baca, MA, LPC / Physician / Medical Clinic
    • Yoga Meditation Group / Alternative Medicine Practice / Spiritual Center
    • F. Allen Males III, MA, LPC / Crisis Center / Medical Clinic
    • Law Office of William Shen / Law Firm

    Property Details for 13740 Research Blvd

    Property size
    3,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Williamson
    State
    Texas
    Longitude
    -97.7947
    Latitude
    30.4593

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      12,017 SF

      13785 Research Blvd

      Office Units • 12,017 SF
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    • Value Estimation by Request
      3,446 SF

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    Similar Nearby for Sale

    • $730,000
      3,000 SF

      Austin Office Park Investment

      Four units, prime NW Austin location.
      13740 Research Blvd, Austin, TX 78750
      View Details
    • Contact for pricing
      4,800 SF

      Turn Key Office Condos

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    Similar Nearby for Lease

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      Commercial Space For Lease

      Commercial space available for lease in Austin, Texas.
      13642 State Highway 183 N, Austin, TX 78750
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      Office Space Near Highway 183

      Office space conveniently located near Highway 183 in Austin, Texas.
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    • $700 /Mo

      Ready-to-Use Office Space Available

      Office space for rent, ideal for accountants, insurance agents.
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    Austin, TX 78750
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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