Multi-Suite Office
For Sale
Contact for pricing
3624 N Hills Drive #D216, Austin, TX 78731
Second-floor offices have reconfigurable interiors and a mix of leased and vacant space.
Property Size3,088 SF
Price / SF$0.16
Days on Market60
Property Features for 3624 N Hills Drive #D216
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Office
Site & Location
Neighborhood
Northwest Hills
Additional Details
Floor
Second Floor
Property Use
Office
Amenities
mature oak trees
lush greenery
outdoor courtyard
zero-scape Spanish fountain
towering oaks
Building Details
Year Built
1982
Tenancy
Multi
Listing Agency:
Pioneer Real Estate Services
Listed By:
Autumn Saenz
(512) 793-7684
Source:
Hoydenhomes
Added: Sep 4
Changed: Nov 1
Last Checked: Oct 31 at 9:35PM
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 Pioneer Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,088-square-foot office property at 3624 N Hills Drive includes 14 offices on the second floor of a landscaped complex. Interior walls can be rearranged, and the current configuration includes both leased and vacant offices. Eight offices are leased; their terms may be renewed or ended. The property was built in 1982.
Windows overlook an outdoor courtyard with a Spanish fountain and mature oak trees. The property is in Northwest Hills, a few minutes from Downtown Austin.
Windows overlook an outdoor courtyard with a Spanish fountain and mature oak trees. The property is in Northwest Hills, a few minutes from Downtown Austin.
Key Highlights
- 3,088‑square‑foot office property with 14 offices
- Eight offices are leased; terms may be renewed or terminated
- Second‑floor location at 3624 N Hills Drive in Austin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,905
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,100
$1.3M
Cap Rate 7%
$898,643
$898.6K
Cap Rate 9%
$698,944
$698.9K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$110.8K $35.88/SF
− Vacancy
−$26.9K −$8.72/SF
EGI
$83.9K $27.16/SF
− OpEx
−$21.0K −$6.79/SF
NOI
$62.9K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,100
Cap Rate 7%
$898,643
Cap Rate 9%
$698,944
Alternative Uses
Best Use
Office B
$898.6K
$786.3K – $1.05M
NOI $62,905 @ 7.0% cap · market cap 12,581.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,706 @ 7.0% cap · market cap 16,941.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 78731, TX
27,240
Population
14,939
Households
1.8
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
8.7 sq mi
ZIP Area
3,131
Density / Sq Mi
$102,886
Median Household Income
$69,232
Median Earnings
$1,673
Median Rent
$839,500
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor offices have reconfigurable interiors and a mix of leased and vacant space.
Where is this office unit located?
The property is located at 3624 N Hills Drive #D216 Austin, TX.
What are key features of this property?
This property features: 3,088‑square‑foot office property with 14 offices; Eight offices are leased; terms may be renewed or terminated; Second‑floor location at 3624 N Hills Drive in Austin
