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Property profile & analytics
OFF-MARKET
Office Spaces

13740 Research Blvd Austin, TX 78750

3,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 3,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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