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    3432 Greystone Dr Austin, TX 78731

    Sponsored
    For Lease
    $15 SF/Yr ($12,566 /Mo)

    Prestigious Austin Office Space Available

    Lot size:
    10,053 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional executive office suite, located at 3432 Greystone Dr in Austin, Texas, presents a unique leasing opportunity. Situated within the Greystone Summit building in the desirable 78731 zip code, this property offers 779 square feet of readily available space within a larger 10,053 square foot building. The suite is part of a multi-tenant building, providing a professional and collaborative environment. The property is classified as an Executive Office, Commercial space, ideal for businesses seeking a sophisticated and efficient workspace. Parking is conveniently provided at a ratio of 4 spaces per 1,000 square feet of building area. The building's address is 3432 Greystone Dr, Austin, TX 78731, within Travis County. This prime location offers easy access to Austin's vibrant business district and numerous amenities. The suite is immediately available for lease, presenting a rare chance to secure a well-appointed office space in a highly sought-after area. The building itself is a single-suite structure, offering a unique sense of privacy and control. Interested parties are encouraged to inquire further to explore this exceptional leasing opportunity. The property is conveniently located at latitude 30.3578911 and longitude -97.7482485.

    Property Features for 3432 Greystone Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,053 SF
    Total Rate
    12566.25

    Unit(s) available at that property

    Space
    suite 101
    Size
    779 SF
    Rate per SF
    $15

    HighLights

    • Walkable to diverse restaurants including Chinatown, Street, Austin Terrier, and Pizza Hut.
    • Ample parking with a 4.0/1,000 square foot ratio, accommodating staff and guests.
    • Tenant responsible for electricity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lu Acupuncture Center Acupuncturist Adisra Software Company Divine Mercy Counseling, ... Counselor Walls Office Attorney Referral Service Soccer Shots Austin Youth Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7482485
    Latitude
    30.3578911

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Austin Office Space Available
    Where is this office property / space located?
    The property is located at 3432 Greystone Dr Austin, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Walkable to diverse restaurants including Chinatown, Street, Austin Terrier, and Pizza Hut.; Ample parking with a 4.0/1,000 square foot ratio, accommodating staff and guests.; Tenant responsible for electricity.
    Request Owner's contact information
    3432 Greystone Dr Austin, TX 78731
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    Austin, TX 78731
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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.

    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
    3432 Greystone Dr Austin, TX 78731
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