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    4229 N Fm 620, Unit 324 Austin, TX 78732

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    For Lease
    $1,660 /Mo

    Interior unit with customizable space and Lake Travis views.

    Lot size:
    4.97 Acres

    Property Features for 4229 N Fm 620

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    4.97 Acres

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Margo Fesas
    Margo Fesas
    Source: Elliman

    Listing Agency: All City Real Estate, Ltd. Co. Listing Agent: Margo Fesas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Customizable Space with Lake Travis Views

    This interior unit offers approximately 306 square feet of customizable space, featuring a large picture window with views of Lake Travis and the Texas Hill Country, along with a glass panel storefront-style roll-up door. The concrete and steel facility is constructed with energy-efficient materials and includes 25-foot-wide drive-up driveways, high ceilings, 24/7 monitored security and access, and a fire sprinkler system. All-inclusive services are provided, such as internet, water, electricity, janitorial, landscape, trash services, a mail center, showers, bathrooms, kitchenettes, and water refilling stations. The HVAC bioclimatic air filtration system ensures temperature control and clean air. A 3,000 square foot modern-designed owners lounge features floor-to-ceiling windows, a private conference room, a commercial-grade kitchen, and a spacious mixer lounge with comfortable furniture and oversized TVs. A terrace offers panoramic views of Lake Travis and the Texas Hill Country. Secure and remote access to the facility is available. Located in West Austin's Lake Travis region, the facility is situated 30 minutes from Downtown Austin, 12 miles from The Domain, 9 miles from Westlake Hills, 8 miles from Rough Hollow, 3 miles from Lakeway, and 2 miles from Steiner Ranch. Nearby amenities include shopping, dining, schools, and access to Lake Travis and Lake Austin. This space is suitable for scaling a business, growing passions, or securely storing items.
    Location Intelligence

    Current Use by Public Records

    Virtue Wraps (Bike/Boat/Book/etc) Store Sikker Autospa | Austin ... Car Wash Dixie Tint Pros Interior Design GT Wraps - Xpel ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.9159163
    Latitude
    30.3955599

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    FAQs

    What type of property is this?
    Self storage facility - Interior unit with customizable space and Lake Travis views.
    Where is this self storage facility located?
    The property is located at 4229 N Fm 620, Unit 324 Austin, TX.
    What is the lease rate?
    The lease rate is $1,660 /Mo.
    What are key features of this property?
    This property features: - Secure 24/7 monitored access with drive-up driveways and fire sprinkler system.; - All-inclusive services: internet, water, electricity, janitorial, mail center, etc.; - HVAC bioclimatic air filtration system for temperature control and clean air.
    (512) 751-5210
    Request Owner's contact information
    4229 N Fm 620, Unit 324 Austin, TX 78732
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    Austin, TX 78732
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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
    4229 N Fm 620, Unit 324 Austin, TX 78732
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    We can help!
    Listing Contact
    Margo Fesas
    Margo Fesas
    Real Estate License ID: #0611945
    (512) 751-5210 (866) 277-6005
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