Adaptable Second-Floor Office
For Sale
Contact for pricing
3624 N Hills Drive #D207, Austin, TX 78731
Eight of the 14 offices are leased, with lease terms that may be renewed or ended.
Property Size3,088 SF
Price / SF$0.18
Days on Market49
Property Features for 3624 N Hills Drive #D207
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Office
Site & Location
Neighborhood
Northwest Hills
Additional Details
Floor
Second Floor
Office Units
14
Tenant in Place
Yes
Property Use
Office
Amenities
courtyard
fountain
Building Details
Year Built
1982
Tenancy
Multi
Listing Agency:
Pioneer Real Estate Services
(512) 793-7684
Listed By:
Autumn Saenz
(512) 618-6556
Source:
Hoydenhomes
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 28 at 9:46AM
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 occupies the second floor of a landscaped complex in Northwest Hills. Its 14 offices include eight leased units; those lease terms can be renewed or terminated. Interior partitions can be rearranged to accommodate different office layouts.
Mature oak trees and a courtyard with a Spanish fountain form part of the setting. The property is in Austin, minutes from Downtown.
Mature oak trees and a courtyard with a Spanish fountain form part of the setting. The property is in Austin, minutes from Downtown.
Key Highlights
- 3,088‑square‑foot office property on the second floor
- 14 offices, including 8 currently leased
- Lease terms for occupied offices can be renewed or terminated
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 11,437.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,706 @ 7.0% cap · market cap 15,401.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14
Office units
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 - Eight of the 14 offices are leased, with lease terms that may be renewed or ended.
Where is this office unit located?
The property is located at 3624 N Hills Drive #D207 Austin, TX.
What are key features of this property?
This property features: 3,088‑square‑foot office property on the second floor; 14 offices, including 8 currently leased; Lease terms for occupied offices can be renewed or terminated
