Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3731 Drossett Dr Austin, TX 78744

    • Warehouses
    • 61,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hookah Wholesalers / Hookah Store
    • Hookah Company / Store / Distribution Service
    • Ice Cold Hooka Company / Store

    Property Details for 3731 Drossett Dr

    Property size
    61,200 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    Mopac 1, a 61,200-square-foot warehouse property in Austin, Texas, presents a significant opportunity for businesses seeking industrial space. Located at 3731 Drossett Dr, Austin, TX 78744, this Travis County property offers convenient access to major transportation arteries, including Ben White Boulevard and Interstate 35. Currently configured for multiple tenants, one space of 26,880 square feet is immediately available. The property features front loading capabilities, providing efficient loading and unloading operations. Ample surface parking is available for employees and visitors. The warehouse is zoned LI, ensuring flexibility for a variety of industrial uses. Its strategic location in southeast Austin offers easy access to a growing workforce and robust transportation infrastructure. This property is ideal for businesses requiring substantial warehouse space with convenient access to major roadways. The property's size and features make it suitable for a range of industrial operations. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7311
    Latitude
    30.2111

    Comparable in this City

    • Value Estimation by Request
      174,000 SF

      4237 Supply Ct

      Distribution properties • 174,000 SF
      4237 Supply Ct, Austin, TX 78744
      View Details
    • Value Estimation by Request
      124,000 SF

      2500 Highway 183

      Flex space • 124,000 SF
      2500 Highway 183, Austin, TX 78744
      View Details
    • Value Estimation by Request
      168,150 SF

      6406 Burleson Rd

      Distribution properties • 168,150 SF
      6406 Burleson Rd, Austin, TX 78744
      View Details
    • Value Estimation
      $325,000
      8,940 SF

      3507 Chapman Ln

      DISTRIBUTION WAREHOUSE • 8,940 SF
      3507 Chapman Ln, Austin, TX 78744-1215
      View Details
    • Value Estimation
      $525,000
      102,744 SF

      4117 Mckinney Fls Pkwy

      DISTRIBUTION WAREHOUSE • 102,744 SF
      4117 Mckinney Fls Pkwy, Austin, TX 78744-3944
      View Details
    • Value Estimation
      $680,000
      78,238 SF

      6001 Trade Ctr Dr

      WAREHOUSE, STORAGE • 78,238 SF
      6001 Trade Ctr Dr, Austin, TX 78744
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      62,750 SF

      Austin Manufacturing Facility For Sale

      62,750 SF manufacturing facility with strong parking ratio.
      2307 Business Center Dr, Austin, TX 78744
      View Details
    • Contact for pricing
      15,000 SF

      Warehouse with Fenced Yard

      15,000 SF warehouse with office space for sale.
      7019 Burleson Rd, Austin, TX 78744
      View Details
    • Contact for pricing
      28,675 SF

      New Flex/Warehouse Space with Yard

      New construction flex/warehouse space with yard in SE/Airport district.
      8602 Lava Hill Rd, Austin, TX 78744
      View Details
    • Contact for pricing

      Austin Land: 2.96 Acres

      Prime Austin Development Site: Hwy Access, High Visibility
      5908 Burleson Rd, Austin, TX 78744
      View Details
    • Contact for pricing
      21.45 Acres

      Prime Lockhart Land - Hwy 183

      21.45 Acres, ETJ Zoning, Austin Area
      7576 Us Highway 183, Austin, TX 78744
      View Details
    • $151,470
      897 SF

      Modern Southeast Austin Flat

      2-bedroom, 1-bath flat with modern features in Southeast Austin.
      7051 Meadow Lake Blvd, Austin, TX 78744
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      168,150 SF

      Austin Industrial Space for Lease

      168,150 SF Manufacturing/Warehouse
      6406 Burleson Rd, Austin, TX 78744
      View Details
    • Contact for pricing
      12,611 SF

      Southpark Commerce Center 1 - 4

      Life science properties • 12,611 SF
      4401 Freidrich Ln, Austin, TX 78744
      View Details
    • Contact for pricing
      126,364 SF

      Southpark Commerce Center: Austin Warehouse

      Massive Austin Warehouse - 126,364 SF Available
      4801 Freidrich Ln, Austin, TX 78744
      View Details
    • Contact for pricing
      12,845 SF

      Warehouse Space with Air Conditioning

      12,845 SF warehouse with air-conditioned space available for lease.
      4101 Smith School Rd, Austin, TX 78744
      View Details
    • $1.30 SF/Yr
      7,500 SF

      Austin Industrial Space For Lease

      80,000 square foot industrial park near Austin airport.
      4109 Todd Ln, Austin, TX 78744
      View Details
    • $9 SF/Yr
      33,652 SF

      Distribution Warehouse in Southpark Commerce

      Class A distribution building with excellent highway access.
      4509 Freidrich Ln, Austin, TX 78744
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3731 Drossett Dr
    Austin, TX 78744
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.