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    The Largest CRE Database in the US with Over 1 Million Listings

    7600 Chevy Chase Dr Austin, TX 78752

    Sponsored
    For Lease
    $56 SF/Yr

    Premium Austin Office Space: Flexible, Modern

    Lot size:
    9,461 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    419
    This Class A Austin office building, located at 7600 Chevy Chase Drive, Suite 2300, in Travis County, Texas (zip code 78752), offers a diverse range of workspace solutions. The 9,461 square foot building boasts 350 suites, providing flexibility for businesses of all sizes. Currently, 5,970 square feet of space is available, with options ranging from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet. The building features modern amenities, including elevators, and underwent renovations in 2019. Ideal for businesses seeking executive office space, coworking arrangements, or creative office environments, this property caters to diverse professional needs. Its location in Austin, Texas, offers convenient access to the city's vibrant business district. The building is designed to support multiple tenants, providing a collaborative and professional atmosphere. Whether your team requires a single desk or over 100, customizable solutions are available. This property provides a blend of traditional and modern office space, fostering productivity and collaboration. Inquire today to explore the available options and tailor your ideal workspace within this exceptional Austin location.

    Property Features for 7600 Chevy Chase Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,461 SF
    Class
    A
    Total Rate
    44151.33

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Open plan office space for + 15 people
    Size
    1,292 SF
    Space
    Open plan office space for + 10 people
    Size
    1,184 SF
    Space
    Private office for 5 people
    Size
    807 SF
    Space
    Private office for 4 people
    Size
    646 SF
    Rate per SF
    $1,803
    Space
    Private office for 3 people
    Size
    646 SF
    Rate per SF
    $1,378
    Space
    Private office for 2 people
    Size
    538 SF
    Rate per SF
    $896
    Space
    Private office for 1 person
    Size
    538 SF
    Rate per SF
    $632
    Space
    Coworking space in Chase Park
    Size
    328 SF
    Rate per SF
    $301
    Space
    Flexible office membership
    Size
    538 SF
    Rate per SF
    $207
    Space
    Flexible coworking membership
    Size
    108 SF
    Rate per SF
    $93
    Space
    Virtual office in Chase Park
    Size
    54 SF
    Rate per SF
    $56

    We can help!

    Listing Contact
    South Regus Us

    Learn more

    Property Insight Report

    HighLights

    • 9,461 square feet of Class A office space available in a 350‑suite building at 7600 Chevy Chase Drive, Suite 2300, Austin, TX 78752.
    • 5,970 square feet currently available, with options ranging from 10 to 1,300 contiguous square feet.
    • Building features include elevators and 2019 renovations.
    • Offers private offices, coworking spaces, and meeting rooms.
    • Virtual office options available.
    • Flexible membership plans to suit various work styles.
    Property Profile Location Intelligence

    Current Use by Public Records

    SourceMatch Employment Agency Asian Contractor Association Association / Organization Garza & Narvaez, PLLC Law Firm Board Certified Bankruptcy ... Law Firm Law Office of Joshua ... Law Firm

    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
    Travis
    State
    Texas
    Longitude
    -97.7045468
    Latitude
    30.3409607

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    FAQs

    What type of property is this?
    Office space - Premium Austin Office Space: Flexible, Modern
    Where is this office space located?
    The property is located at 7600 Chevy Chase Dr Austin, TX.
    What is the lease rate?
    The lease rate is $0.00-$1,803 SF/Yr.
    What are key features of this property?
    This property features: 9,461 square feet of Class A office space available in a 350-suite building at 7600 Chevy Chase Drive, Suite 2300, Austin, TX 78752.; 5,970 square feet currently available, with options ranging from 10 to 1,300 contiguous square feet.; Building features include elevators and 2019 renovations.
    Request Owner's contact information
    7600 Chevy Chase Dr Austin, TX 78752
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    Austin, TX 78752
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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
    7600 Chevy Chase Dr Austin, TX 78752
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