Active Listing  ·  141 days on market

5408 Phillips Cir

Austin, TX 78734
$650,000
2 Bed 3 Bath 1,920 sqft $339/sqft Built 1998 0.84 acres Pool La Hacienda Estates Sec 02

Position your business for success with this exceptional commercial real estate opportunity, designed to maximize visibility, flexibility, and long-term value. Situated in a high-traffic corridor with strong surrounding growth, this property offers the exposure and accessibility businesses need to thrive.

Spanning 0.84 acres, the parcel features level ground and a clean rectangular shape, making it exceptionally easy to develop, configure, and adapt for virtually any business use. Whether you’re envisioning retail, office space, storage, service operations, or a custom build-out, the layout provides a straightforward path from concept to completion—saving time and reducing development complexity.

Adding immediate utility and value, the property includes an existing **mobile home and septic system**, offering flexibility for on-site office use, temporary occupancy, or support facilities during development. This infrastructure can help reduce upfront costs and streamline your setup phase.

The flat terrain not only simplifies construction but also enhances usability for parking, equipment access, or expansion. Combined with excellent frontage and visibility, the site allows your business to establish a strong presence and create a welcoming, accessible experience for customers and clients.

Surrounded by a mix of established businesses and growing residential areas, this location benefits from steady traffic and increasing demand. It’s an ideal setting for entrepreneurs, investors, or established companies looking to expand into a high-potential area.

Whether you’re building from the ground up or leveraging the existing improvements, this property delivers a rare combination of usable land, strategic location, and development-ready features.

Opportunities like this—level, well-shaped parcels with existing utilities—are increasingly hard to find. Secure your foothold in a growing market and bring your vision to life on a site designed for success.

At $339/sqft, this home is 14% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5408 Phillips Cir, Austin, TX 78734

Property Details

Price $650,000
Status Active Listing
Beds 2
Full Baths 3
Half Baths ,
Living Area 1,920 sqft
Lot Size 0.84 acres (36,590.4 sqft)
Year Built 1998
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision La Hacienda Estates Sec 02
County Travis
Zip Code 78734
$/sqft $339/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,754.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227591082
List Date May 4, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
5921 Hiline Rd #1204
Waterfall On Lake Travis Condo
$549,000 $398 3 bd / 2 ba 1,379 sqft , 2026-01-09
15608 CHECOTAH Dr
Travis Landing 02 Ph 05
$759,000 $511 3 bd / 2 ba 1,484 sqft , 2025-02-04
5001 Pryor Ln
Travis Landing 02 Ph 05
$499,900 $286 3 bd / 2 ba 1,750 sqft , 2026-05-29
5921 Hiline Rd #1203
Waterfall on Lake Travis
$494,000 $358 3 bd / 2 ba 1,379 sqft , 2026-09-04
15602 Cedar Ledge St
Travis Landing
$479,000 $328 3 bd / 2 ba 1,462 sqft , 2026-07-31

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,120/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$130,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on May 5, 2026.

📞 (254) 718-2567 [email protected] More about Luke →