Great Income Producing Property, Contractor or Service Provider For Sale at 2819 N. Bagdad, (address is formerly 4150 CR 279) Leander, TX

North Bagdad Rd also known as County Road 279 just passed new Glenn High School
Drone video providing overview of property front to back.
  • Asking Price: $1,400,000
  • Address: 2819 North Bagdad Rd also known as 4150 CR 279
  • 4.07 Acres
  • +/- 11,451 SF of Building Improvements
  • 2 Houses for use as Office and 1 Bedroom Apt (4,775 SF)
  • Swimming Pool with beautiful grounds / would work for Wedding Venue.
  • 2 large garages, a workshop building, 2 storage containers (6,676 SF)
  • Outside Storage Yard
Aerial Photo of Property

Executive Summary

DESCRIPTION: Currently zoned Single Family Suburban at front of lot and Single Family Rural at back of lot. On north edge of City of Leander. Residences with garages, workshops, storage yards, room to expand. 2 Houses, 1 Apartment, 2 large Garages, 1 carport, 1 Workshop and outside storage Yard. Extra deep well, heated pool, new A/C in apartment and bedroom side of house. Also hookups on site for a mobile home / trailer. Would make excellent office / industrial / yard work space with zoning change. Great Owner/User location.

DIRECTIONS: Take US Highway 183 North, west on San Gabriel Parkway, Right on Bagdad Rd N / CR 279, and property is on your left, 1.27 miles.

Street View. Main house to left, warehouse storage buildings to right. Controlled gate access.
Second Home on Site
Shop Building
Upstairs Apartment
Warehouse / Storage
Warehouse / Storage
Main House.

Contact Mark Pustka at 512-970-8359 or for more information or a tour.

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South Lamar Office Space For Lease, Two (2) Suites

3901 South Lamar
Two (2) Office Spaces for Lease

First Floor, Suite 150

  • Size: 1,262 SF
  • Term: 3-5 Yrs
  • Asking Rent: $26.00 /SF/YR
  • NNN: $13/SF/YR
  • Use: Office
  • Full Build-Out
  • Available Now
  • See Floor Plan Below
  • 11’6″ Finished Ceilings
  • Space is in Excellent Condition
  • Fully Carpeted
  • After Hours HVAC Available
3901 S Lamar Suite

Third Floor, Suite 310

  • Size: 2,059 SF
  • Term: 3-5 Yrs
  • Rental Rate: $26.00 /SF/YR
  • NNN: $13.00/SF/YR
  • Use: Office
  • Full Build-Out
  • July 1 2020 Available
  • See Floor Plan Below
  • 9′ Finished Ceilings
  • Fully Carpeted
  • After Hours HVAC Available
  • One conference room.
3901 S Lamar Suite

Move in tomorrow to Suite 150. July 1st move in, for Suite 310. Rare availability, don’t wait. Building stays full. Great opportunity for office near downtown and in midst of S Lamar scene. 3 miles south of downtown Austin. Four story glass curtain wall office building on South Lamar. Pristinely maintained and serviced.

  • Bus Line
  • Conferencing Facility
  • Property Manager on Site
  • Signage
  • Energy Star Labeled


  • On Site Property Management
  • Vibrant South Lamar location near new restaurants, apartments, condominiums and night life
  • On Site US Postal, UPS, Fed Ex and Lonestar Overnight

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April Home Sales in Austin impacted by COVID-19

Austin Home Sales
Austin Home Sales decline in April
  • Compared to April 2019, residential sales across the five county Metropolitan Statistical Area declined by 22%.
  • Sales dollar volume fell 18%.
  • Active listings declined by 7%.
  • Housing inventory stands at 2.1 months, .2 months less than last year.
  • Median sales price increased 3.2% to $325,000.
  • Homes were on the market 9 fewer days or on average 43 days total.
  • Active listings dropped 7%.
  • New listings declined 21%.
  • Pending sales declined 25%.

Austin Board of Realtors, May 19, 2020

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Austin Apartment Rent Falls with COVID 19 Outbreak

Rents dropped from March to April 1.2% which is in contrast to a year ago when rents jumped 5.7%.

Occupancy was up .3% from March to April.

Five apartment complexes in April had negative absorption – less units occupied than the previous month.

An additional 4,500 apartments are expected to be delivered by years end.

Source: Real Estate Center Texas A&M

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Q1 Austin Industrial Leasing down, Development Up

  • Asking rates fell $.24/SF to $9.56/SF
  • Vacancy increased to 10.8%
  • Absorption fell to 222,416 SF
  • 423,919 SF came online
  • Total average construction rose to 1.2 million SF

Data courtesy of CBRE.

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Q1 2020 Austin Office Market dips

CBRE Research shows that the Austin Office Market has softened for the first time in awhile.

Fundamentals have slowed when it comes to the first Quarter of 2020 Austin Office Market.

  1. Absorption increased to 600,000 + square feet.
  2. Triple net asking rates and OPEX costs caused the average asking rates to decline from $38.89/SF to $36.64 Quarter 1 2020 over Quarter 1 2019.
  3. Vacancy increased to 10.9%.
  4. Development remains strong with almost 7 million square feet under construction.

Information courtesy of CBRE. Click here for link.

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Austin Housing Market Steady in March

Market remained steady amid early corona virus realities.

Despite shelter in place orders from local government beginning on March 25th the local housing market remained strong.

  • For the month residential sales were up 2.2 % year over year to 3,042 sales.
  • The median price of homes increased from by 11.7% to $335,200.
  • Monthly inventory dropped .7 months to 1.6 months (6-6.5 months of inventory is considered a balanced market).
  • New listings declined 12.7% and active listings dropped 26.6%.
  • Pending sales fell by 19.2%.

ABOR president Romeo Manzanilla is quoted as saying “the true impact of COVID-19 won’t be seen until April”.

Austin housing market remains steadfast in March |News Talk Texas | April 16, 2020 |

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Austin Construction Crews back to work

Austin Construction back to Work

Governor Abbott’s Tuesday Executive Order clears the way for contractors in Austin to get back on the job. Mayor Adler agreed late Thursday after initially banning construction in Austin on March 24th.

The previous ban on construction by Austin was in contrast to other metro areas in the state where construction work was deemed essential. The mayor’s back to work guidelines include “numerous employer requirements for all construction work. Those include social distancing guidelines and healthy work practice requirements, including pre-screening the “general health” of workers, limiting crew sizes and rotating shifts for sites with more than 10 workers on the job a time.”

Corona Virus in Austin: Construction crews back at job sites as work ban lifted

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Industrial Development continues at record pace

Austin Industrial Development

A new development in Hays County has pushed the annual total of new construction in the Industrial sector to almost 1.9 million sf – an all time high.

  • For past 3 years 5.4 million sf of new product has been delivered
  • Over 1 million sf is currently under construction with 37% pre-leased.
  • Citywide average asking rates continue to decline from their Q1 2019 highs to $9.80/sf in Q4 2019.
  • Vacancy remains steady at 10.5%.
  • Q4 2019 deliveries totaled 262,174 sf with 2019 total net absorption at 1,307,789 sf.

Austin Industrial MarketView Q4 2019 CBRE

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Austin Office Market Finishes 2019 Strong

Austin Skyline

ECONOMY – Austin job growth has continued to outpace national averages and our unemployment rate is one of the lowest in the country at 2.5% Major tech expansion included companies such as Facebook, Google, Amazon and Indeed. The growth trend is likely to continue as more companies look to expand their operations in Austin.

CONSTRUCTION – Over 2.1 million square feet of new office space was delivered during 2019. Another 6.1 million square feet is still under construction. Office development is at an all time high. Class A downtown lease space remains in high demand with vacancies below 6 % and pre-leasing of new construction at 70%+.

RENTAL RATES – The overall asking rate increased to $39.21 / square foot up $2.95 per square foot compared to the last quarter of 2018. Class A space is at $44.14/ square foot a year over year increase of 7.4%. As demand continues and more companies move to Austin, asking rates are forecasted to maintain the rental rate increases.

Marketbeat Austin Office Q4 2019, Cushman & Wakefield

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Austin area home sales breaking records

In December the Austin Board of Realtors released their monthly report and home prices and sales have hit another historic high. Based upon November sales numbers it appears that 2019 sales will surpass the total number of homes sold last year. Last month sales rose 4.5% to 670 sales totaling 30,561 sales. This is just 300 less than 2018’s total sales volume. By looking at trends it appears that Austin will surpass 300 sales in December and thus exceed 2018 numbers.

Austin’s November median home price for a single family home rose 10.6% year over year to $405,000 an all time high for November. The Austin/Round Rock metro rose by a modest 1.7% increase to $305,000 while Travis County rose .6% to $355,000.

Land in Austin continues to be severely constrained and so home builders are moving outward in search of lower land costs and development opportunities according to Vaike O’Grady, Austin regional director for Metrostudy.

In November Williamson County home sales increased 13.2% while Hays County increased 17.8%.

“Limited and pricey housing within the urban core is driving residents to relocate to the suburbs”, according to Kevin P Scanlan, Austin Board of Realtor’s 2019 president.

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Austin named CompTIA’s top 2019 Tech Town

CompTIA recently completed their 2019 Annual Tech Town Index. In this index of metropolitan areas the following categories were examined to come up with their ranking.

  • Where companies are hiring
  • Estimated projected job growth
  • Median annual salary
  • Average cost of living

Austin is the 2019 leader with Dallas, Texas the next Texas city at number 7 with Raleigh North Carolina and San Jose California at numbers 2 and 3 respectively.

CompTIA link to Article

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Third Quarter 2019 Austin Office Market


Rent decreased and vacancy increased in the third quarter of 2019 Austin office market with a total of 1,250,402 square feet of negative net absorption registering in the Class A market.  Class B had 180,000 square feet of positive net absorption while Class C properties had 46,670 square feet of negative net absorption.  This resulted in citywide vacancy of 11.5% up from 9.3% in Q2 of 2019.  Class A CBD vacancy was up from 5.7 to 5.8%.

There is currently 5,000,000 + square feet of office space under construction with about 45% pre leased.  The fourth quarter of 2019 is forecasted to deliver over one million square feet of office space with 800,000+ pre leased.

The average rental rate decreased over the quarter compared to Q2 of 2019 from $35.72/sf to $35.38/sf.  Rent for Class A lease space dropped by 6.2% to $49.47/sf from $52.78 in Q2 of 2019.    

Collier’s International | Q3 2019 | Austin Office Market Report

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Austin Home Sales Setting Records

Home sales and median sales prices hit an all time high for the month of September according to a recent Austin Board of Realtors report.  In the Austin metro area, sales increased by 13.4% with 2,654 homes sold resulting in the busiest September ever.  The median sales price for September was $320,000, a 7% year over year increase and the highest September median sales price ever.  Pending sales were up as well which suggests October will be another strong month.

Looking at the Austin market alone, 798 houses were sold which is a 15% increase over September 2018.  The median sales price totaled $406,000, an all time high for September.  Housing inventory decreased by ½ month year over year to leave it at 18 months of inventory currently.  Home prices continue to rise in the area because of these strong sales and the limited amount of inventory.

ABOR Blog September Housing Report

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Austin Retail Market Update

CBRE Research Q3 2019

Retail development is booming in Austin metro area with 1.28 million square feet of new space under construction in the area. 890,000 of the total is located outside the city in the suburbs. Occupancy remains steady at 96% although the average asking rate has dropped to $20.50/square foot.

Click here for more detail => Growth in Store for Austin Retail Market

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UNDER CONTRACT – For Sale 3200 Steck Ave, Suite 200

Building Entry

Property Type: Office Condominium

Address: 3200 Steck Avenue, Suite 200, Austin, TX 78757

Size: 3,882 square feet

Asking Price: $931,680

No. Units: 1

Sale Type: Owner/User

Floors: 3

Typical Floor Size: 11,583 square feet

Parking Ratio: 4 / 1,000 square feet

Location: One block east of Mopac at NE corner of Steck Avenue and Shoal Creek.

Description: Traditional office condominium design with atrium elevator lobby, abundant natural light and updated modern restrooms serving each floor. Suite 200 includes 9 offices, an open work area, break room, IT closet, and conference room. 4 parking spaces in first floor parking garage and 11 in parking lot.

Reception Area
Break Room
Typical Office
Conference Room

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Austin forecasted as Best City for 2020 Real Estate Investment

Austin #1 in U.S. for Real Estate Investment

PricewaterhouseCoopers and Urban Land Institute have released their annual real estate investment outlook and for 2020 Austin is projected as the tops in the U.S. This is an improvement over 2019’s #6 finish. In 2018 Austin ranked #2 and was number 1 in 2017.

Details of the reasons for the ranking include:

  • Apple Computers plan for a $1 billion campus
  • The planned re-development of the Austin American Statesman site on South Congress
  • A major expansion of the Airport
  • Austin’s population growth including annual growth of about 45,000 people a year or 145 persons a day
  • The number of businesses with one million dollar + in revenue is growing faster than any other major metro in the U.S.

The biggest challenges according to the report are traffic and the rising cost of housing.

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2019 Austin Apartment Construction

Austin metro is 5th among the top 20 US metros for apartment construction in 2019

Over 10,000 apartments are estimated to be completed by the end of year in the Austin metro area. A 2.7% rise in population and continued job growth fueled this rise.

  • Austin metro is 5th nationally for planned apartment construction.
  • Last year 10,701 units were completed in the Austin metro area.
  • The City of Austin leads the metro area with 6,644 units planned with Georgetown next at 976 units.
  • Austin’s projection exceeds that of large metro areas such as Los Angeles, Phoenix, Washington D.C. and Houston.

Rent Cafe, Rental Apartment Construction 2019

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July Austin Home Sales Break Record

3,439 homes sold in July 2019

Austin area home sales set a record for number of sales in July with an 11.7% year over year increase to 3,439 homes sold according to the Austin Board of Realtors. Sales in Austin remain flat due to limited inventory.

  • The median price for homes rose by 3.2% to $325,000
  • Sales dollar volume increased 15.4% year over year
  • New lisings in the greater Austin area increased by 4%
  • Monthly housing inventory decreased year over year by .2 months

Click this link to ABOR website for more details.

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Texas Condominium and Townhome Sales drop from 2018-2019

Sales down and inventory up

Condominium and townhome sales fell from 2018-2019 in Texas according to a report released by Texas REALTORS. Condo sales are down 8% and townhome sales are down 3% in the last year.

Tray Bates, chairman of Texas REALTORS notes that the lower price compared to single family homes, the decreased maintenance and the typical closer proximity to work, schools and city life keep these housing types as a popular choice among buyers.

“The statistics from the Texas Condominium Sales Report prove that all types of housing in our Texas real estate market is in demand, especially more affordable options for first time homebuyers,” said Jim Gaines, Ph.D., chief economist with the Real Estate Center at Texas A&M.

Prices increased moderately for condominiums and townhome sales prices went down slightly. The median sales price for condominiums currently sits at $189,000 and townhomes is at $226,000.

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Q2 2019 Austin Office Market

Tech Companies Fuel Growth

Austin skyline from Ladybird Lake
  • 528,811 square feet (sf) of positive net absorption
  • Most absorption came from Class B buildings with 430,300 square feet of positive net absorption
  • Q3 2019 is forecasted for Offices at Saltillo to deliver. Totals 150,000 sf and is 100% leased to Google.
  • Biggest new construction delivery in Q2 was SXSW Center in CBD at 140,000 sf and is 94% leased by large tenants including WeWork and SXSW.
  • Average rental rate including expenses stands at $35.74/sf up from $35.55/sf in Q1 2019 and $34.37 in Q2 2018.
  • Vacancy is down to 9.5% from 10.3 in Q1.
  • Class A CBD rental rates are at $52.78/sf and suburban Class A space is at $37.97/sf.
  • 5.29 million sf are currently under construction.

Colliers Q2 Austin Office Report

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Austin Board Realtors June Market Report

Austin MSA outpaces City of Austin Single Family Sales

During the first half of 2019 sales experienced strong growth in the Austin MSA but declined in the City of Austin. ABOR President Kevin Scanlan explained that the limited housing inventory (less than 2 months supply) in June and the increase in home prices combined to reduce sales in the City of Austin. This limited inventory and increase in prices has pushed more and more buyers to the suburbs.

Austin / Round Rock MSA in first half of 2019
Single family home sales increased 4.3% year over year
Median Home price increased 1% to $315,000
New listings increased by 1%
Active listings increased 4.8%
Pending sales increased by 7.9%
Sales volume increased 6% year over year

Austin / Round Rock MSA in June of 2019
Single family home sales increased .5% year over year
Median home prices rose 3%
Housing inventory decreased by .2 months to 2.7 months, well below the 6 month balanced housing market time frame

City of Austin first half of 2019
Sales decreased 1.6j% year over year
Median price increased by 3.2% to $387,100
New listings decreased by 3.4%
Active lsitings decreased 5.7%
Pending sales increased by .2%

City of Austin June of 2019
Sales decreased 2.3%
Median price jumped 10.9% to $420,000
Inventory decreased .2 months to 1.9 months

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SOLD – Shops at 279, Leander, TX

Property Area Map

Income Producing Office and Warehouse Property Available


In the path of rapid growth in Leander, Texas. 4170 County Road 279, Leander, TX 78641

Asking Price: $2,500,000

Office: 7,000 square feet

Warehouse: 14,280 square feet

Acres: 10.03

Projected NOI: $200,000


  • Building 100.  3,000 SF Office, 1,440 SF Warehouse
  • Building 200.  1,440 SF Office
  • Building 300.  1,600 SF Office, 2,400 SF Warehouse
  • Building 301.  1,600 SF Office (Vacant)
  • Building 400.  2,400 SF Office and Warehouse
  • Building 500.  2,400 SF Office and Warehouse
  • Building 600. 5,000 SF Warehouse in shell condition (Vacant)
Office Building 100
Warehouse / Office Building #300
Warehouse Building #200
Office Interior

Email me at for more information and any questions.

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Over 25% of Austin schools are top Rated

Austin, Texas

Where to rent to be near top rated elementary and middle schools

Austin boasts 28% of the total number of elementary and middle schools as highly rated according to Highly rated is defined as a rating of 8 or higher by the website.

For comparison’s sake on a national level only two other cities boast a higher percentage: 30% in San Francisco and 38% in San Diego. Other interesting data points include:

  • Renting near top performing schools is expensive. Zip code 78703 has 3 top rated schools and rental budget is $2,500
  • In areas without top rated schools average rent is $1,356.
  • The most affordable zip code with highly rated schools is 78753 where the rent averages $1,048, 78728 with average rent at $1,115 and 78731 which has prices at $1,174/month.

from a Article

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Q1 2019 Austin Industrial Market Report

Historically high asking rates

Asking rates for Industrial property rent are at a historical high according to CBRE’s first quarter Austin market report. $10.79 per square foot per year is the new high water mark driven mostly by Class A Flex space. In addition:

  • Absorption totaled 470,000 square feet
  • Vacancy increased to 10.6% (primarily due to the delivery of 1.3 million square feet of new lease space
  • 13 additional projects are under construction with more than 1.1 million square feet in Southeast Austin and Hays County
  • The far Northeast submarket had the largest absorption of lease space at 141,113 square feet

CBRE Austin Industrial, Q1 2019

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The Evolution of the Austin Skyline

The Austonian, 2010 Completion

Video of Downtown Austin Evolution

CommercialCafe has put together a very cool video of the evolution of the downtown Austin skyline. Click this link to view => Video of Downtown Austin Evolution

The video focuses chronologically on buildings that rose 200 feet or taller, starting with the State Capitol Building. Interesting tidbits related to three (3) the buildings include:

  • The Chase Bank Tower, completed in 1974 was nicknamed the “Golden Mirror” because of gold colored reflective glass panes that contained some gold alloy.
  • The Moody Bank Tower, built in 1981 provides access to the conference room through the bank’s original vault door which was built in 1875 in Pennsylvania.
  • The Austonian, finished in 2010 was Austin’s talalest building for eight (8) years until surpassed by the “Jenga Tower” in May 2018.

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Q1 2019 Austin Office Market Update

Downtown Austin

Office Rent Sets Record High

Office rents in the first quarter of 2019 have hit a record high at $41.83 per square foot per year for Class A according to Cushman & Wakefield and as reported by the Statesman recently. Local brokers are expecting the market to remain strong with continued job growth anticipated for the area. Vacancy is right around 10%, the same as it was Q1 2018.

CBRE measuring the market as an average rental rate also reports a record high of $37.62 per square per year. New construction is at an all time high as well with 5.6 million square feet of office space under construction.

NAI Partners another local brokerage firm is quoted as saying that “large leases dominated in 2018 and all indications point to that trend continuing in 2019.”

OFFICE BOOM: Rents hit record high as Austin-area office market surges

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What size apartment can I afford on my income?

Ever wondered how much apartment you can afford if you are making the median income in a large U.S. City?

If you make the median income in Austin, Texas you should be able to afford a 751 square foot apartment and expect to pay about $1,369 according to new data from Yardimatrix.

  • Focusing only on Texas, renting in Plano on a median income gives you the most bang for your buck, with 1,137 square feet, the equivalent of a large 2-bedroom and 2.5-bath apartment. Irving comes in second with a 912-square-foot apartment with 2 bedrooms and 1.5 baths.
  • By comparison, other cities in Texas offer a 1-bedroom apartment that varies in size from renting in Houston (757 square feet), San Antonio (756 square feet), or Dallas (679 square feet). How much apartment can you rent on a Median Income?

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SOLD – East Austin Investment Properties For Sale

Coleto St. Property

I recently listed three (3) properties in East Austin that were previously single family rent homes. They are all in need of some TLC but are great investment properties. The activity for these properties has been amazing and I can confirm first hand that the East Austin single family market is hot!

The first (pictured above) is at 1183 Coleto and we are asking $285,000 (update – this property is now under contract). The next property is at 2935 Moss St and we are asking $299,000. The final property is located at 903 Mansell and is currently under contract as well. We are asking $340,000 for the Mansell property.

Email me at if you are interested in selling your E. Austin property or if you are interested in purchasing 2935 Moss St.

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2019 Austin Office Development

Austin Skyline
Austin, Texas skyline

Austin #11 in U.S. for new office development in 2019

Austin barely missed the top ten in new office development for 2019 with a #11 projected finish. 3.2 million square feet from 21 different projects makeup the Austin number. Oracle Phase II is the biggest office project expected to deliver this year at 420,000 square feet set for a December delivery. In comparison last year saw 2.7 million square feet in 34 projects delivered in Austin. The 2018 Oracle Waterfront campus was the largest project at 560,000 square feet.

Commercial Cafe 2019 U.S. Office Pipeline

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