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    Move-In Ready Spec Office Space Title is generated by Realmo AI

    3232 E Cesar Chavez St, Austin, TX

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    Move-in ready office space with fitness center and rooftop terraces.

    Type:RETAIL
    Property size:
    10,954 SF
    Lot size:
    3.26 Acres
    Added:
    Jan 13, 2023
    Days on Market:
    1237
    Last Refresh:
    May 20 at 8:26 pm

    Property Features for 3232 E Cesar Chavez St

    General Information

    Standard status
    Active
    Size
    10,954 SF
    Lot size
    3.26 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3232 E Cesar Chavez St Contact us

    We can help!

    Listing Contact
    Trish Williams
    Trish Williams

    Listing agent Trish Williams

    Listing office Lincoln Property Company | Austin

    Listing date Jan 13, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Lincoln Property Company | Austin

    HighLights

    • Move‑In Ready Spec Suites (46,000 SF in April 2025, additional 41,000 SF in August 2025)
    • LEED Gold & WELL Certified
    • Enjoy the Fitness Center & Yoga Room with Spa Quality Showers and Locker Rooms
    • Rooftop Terraces & Private Balconies with Views towards Downtown and the Colorado River
    • Relax at the Coffee Bar & Tenant Lounge with WiFi & Conference Center
    • Direct Access to Office Floor from Garage

    Overview

    This property offers 46,000 square feet of move-in ready spec suite space, delivering in April 2025, with an additional 41,000 square feet available in August 2025. The space features a fitness center and yoga room, complete with spa-quality showers, a steam shower, and locker rooms. Tenants can enjoy a coffee bar and lounge equipped with WiFi, as well as a conference center. The interiors are designed with a hospitality-driven approach, complemented by a lush courtyard landscape. Rooftop terraces and private balconies provide outdoor space, along with outdoor workspace options and open spaces on each level for fresh air. A bike commuter lounge and bike storage are available, along with an exterior staircase. Direct access to the office floor is provided from the garage. The building is LEED Gold Certified and WELL Certified. The property is surrounded by numerous Austin restaurants and bars, offering views towards Downtown and the Colorado River. It also provides easy access to Austin Bergstrom International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Normandy Room Banquet Wedding Service Htown Books Accounting Firm Furniture Marketing Group ... Furniture & Home Goods Eastbound Office Building Corporate Office Franchise Opportunities Services Business Broker

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.7073
    Latitude
    30.2521

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    FAQs

    What type of property is this?
    Office units - Move-in ready office space with fitness center and rooftop terraces.
    Where is this office units located?
    The property is located at 3232 E Cesar Chavez St Austin, TX.
    What are key features of this property?
    This property features: Move‑In Ready Spec Suites (46,000 SF in April 2025, additional 41,000 SF in August 2025); LEED Gold & WELL Certified; Enjoy the Fitness Center & Yoga Room with Spa Quality Showers and Locker Rooms
    (512) 322-3203 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Trish Williams
    Trish Williams
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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.

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