4601 Spicewood Springs Road, Building 2 (Stillhouse II office park) is offered as a whole-building acquisition combining owner-occupancy with in-place income. The 7,400 SF building is divided into two 3,700 SF suites: Suite 100 is available for owner-occupancy (within 60 day notice), and Suite 200 is leased through February 2029. Rental
income from Suite 200 offsets a substantial portion of the building’s carrying cost, reducing the owner-occupant’s net cost of occupying Suite 100 relative to leasing comparable space in the submarket.
• Own instead of renting. Occupying Suite 100 stops rent payments to a landlord and starts building equity in a building the buyer controls.
• Income in place from day one. Suite 200’s rent and expense reimbursements offset most of the carrying cost through 2029.
• 100% ownership. The buyer owns the entire asset.
• Flexible move-in. Suite 100’s current occupant is month-to-month, so a buyer can plan occupancy on their own timeline rather than waiting out a lease term.
• Newer product for the submarket. Newer than most competing office buildings nearby with $360,000 of renovations since 2020.
Offering Summary:
• 7,400 SF free-standing, two-story office building, built 2012
• Two suites of 3,700 SF each — full floor per suite
• Suite 100 (first floor): available for owner-occupancy (60 day notice)
• Suite 200 (second floor): leased through February 2029
• Zoning: GO-CO
• Parking: 4:1,000 SF
The following uses are prohibited uses of the Property:
Art and craft studio (limited)
Business support services
Medical offices (exceeding 5000 sq.ft.)
Personal services
College or university facilities
Residential treatment
Cultural services
Club or lodge
Hospital services (general)
Off-site accessory parking
Hospital services (limited)
Restaurant (limited)
Community recreation (public)
Community recreation (private)
Guidance services
Private secondary educational facilities
Communications services
Convalescent services
Business or trade school