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    3755 Capital Of Texas Hwy Austin, TX 78704

    Sponsored
    For Lease
    $31 SF/Yr

    Exceptional Austin medical offices for lease.

    Lot size:
    205,705 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    Greenbelt Plaza I-III offers a premier medical office opportunity in Austin, Texas, located at 3755, 3801 & 3815 Capital of Texas Highway, zip code 78704. This multi-building complex totals 205,705 square feet and features multiple tenancies, ideal for various medical practices. Currently, there is 84,171 square feet of vacant space available, divisible into units ranging from a minimum of 1,949 square feet to a maximum contiguous space of 13,404 square feet. Tenants will benefit from ample parking, with a ratio of four spaces per 1,000 square feet. The property is situated in Travis County and offers easy access to major transportation routes, making it a convenient location for both patients and staff. The property type is classified as Office, with a subtype of Medical Office, making it perfectly suited for a variety of healthcare providers. This is an exceptional opportunity to secure high-quality medical office space in a thriving Austin location. The property's strategic location and flexible space options make it an attractive investment for medical professionals seeking to establish or expand their practice. Contact us today to learn more about leasing opportunities.

    Property Features for 3755 Capital Of Texas Hwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    205,705 SF
    Total Rate
    531404.58

    Unit(s) available at that property

    Space
    Suite 100 ( Building I)
    Size
    1,949 SF
    Rate per SF
    $31
    Space
    Suite 105 ( Building I )
    Size
    2,202 SF
    Rate per SF
    $31
    Space
    Suite 200 ( Building I )
    Size
    10,907 SF
    Rate per SF
    $31
    Space
    Suite 295 ( Building I )
    Size
    2,385 SF
    Rate per SF
    $31
    Space
    Suite 250 ( Building II )
    Size
    13,404 SF
    Rate per SF
    $31
    Space
    Suite 300 ( Building II )
    Size
    12,725 SF
    Rate per SF
    $31
    Space
    Suite 330 ( Building II )
    Size
    6,455 SF
    Rate per SF
    $31
    Space
    Suite 150 ( Building III)
    Size
    4,695 SF
    Rate per SF
    $31
    Space
    Suite 200 ( Building III)
    Size
    6,391 SF
    Rate per SF
    $31
    Space
    Suite 350 ( Building III )
    Size
    5,659 SF
    Rate per SF
    $31

    We can help!

    Listing Contact
    Colton McCasland
    Colton McCasland

    Learn more

    Property Insight Report

    HighLights

    • Premier medical office complex in Austin, TX totaling 205,705 square feet.
    • 84,171 square feet of vacant space available, divisible to 1,949 - 13,404 square feet.
    • Ample parking (4 spaces/1,000 sq ft).
    • Convenient location with easy access to major transportation routes in Travis County.
    • Located at 3755, 3801 & 3815 Capital of Texas Highway, Austin, TX 78704.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frederick John K ... Doctor Bethany Thoresen Physical Therapist Jenna Fox Occupational Therapist Mark Parrella, MD Orthopedic Surgeon Mateo’s Hole Hiking Area

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7984034
    Latitude
    30.24272

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    FAQs

    What type of property is this?
    Medical office - Exceptional Austin medical offices for lease.
    Where is this medical office located?
    The property is located at 3755 Capital Of Texas Hwy Austin, TX.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: Premier medical office complex in Austin, TX totaling 205,705 square feet.; 84,171 square feet of vacant space available, divisible to 1,949 - 13,404 square feet.; Ample parking (4 spaces/1,000 sq ft).
    Request Owner's contact information
    3755 Capital Of Texas Hwy Austin, TX 78704
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    Austin, TX 78704
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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
    3755 Capital Of Texas Hwy Austin, TX 78704
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    We can help!
    Listing Contact
    Colton McCasland
    Colton McCasland
    Real Estate License ID: 644630
    Learn more
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