Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4229 Fm 620 Austin, TX 78734
    Property profile & analytics

    4229 Fm 620, Austin, TX 78734

    View on Map
    • Industrial properties
    • 400 SF
    For Sale
    $193,000
    View Listing →
    Austin Flex Space - $193K For Sale
    $193,000
    400 SF

    Austin Flex Space - $193K

    400 sq ft Flex Space, West Austin

    4229 Fm 620, Austin, TX 78734
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Virtue Wraps / (Bike/Boat/Book/etc) Store
    • Sikker Autospa | Austin Car Wraps | Window Tint | Mobile Detailing | Ceramic Coating / Car Wash
    • Dixie Tint Pros / Interior Design / Auto Repair Shop
    • GT Wraps - Xpel PPF - Window Tint - Ceramic Coating / Auto Repair Shop

    Property Details for 4229 Fm 620

    Year built
    2021
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This 400-square-foot flex space, unit #307, is located in a 2021-built, four-story building at 4229 N FM 620, Austin, TX 78734. Priced at $193,000 ($482.50/sq ft), this gross lease unit offers customizable space with a plumbed water source, an oversized picture window, and a roll-up door. The building features 24/7 monitored security and access, a fire sprinkler system, and energy-efficient construction with concrete and steel. Amenities include all-inclusive services (internet, water, electricity, janitorial, landscape, trash), a mail center, bathrooms/showers, and a modern owners' lounge with a kitchen, conference room, and terrace offering Lake Travis views. The HVAC system includes needlepoint ionization air filtration. The property enjoys a prime location in West Austin, offering easy access to Downtown Austin (30 minutes), The Domain (12 miles), Westlake Hills (9 miles), Rough Hollow (8 miles), Lakeway (3 miles), and Steiner Ranch (2 miles). Nearby amenities include shopping, dining, and schools. Secure remote access is also provided.

    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
    -97.9159
    Latitude
    30.3956

    Comparable in this City

    • Value Estimation by Request
      60,000 SF

      4229 Fm 620

      Distribution properties
      4229 Fm 620, Austin, TX 78734
      View Details
    • Value Estimation by Request
      60,000 SF

      4229 Fm 620

      Flex space
      4229 Fm 620, Austin, TX 78734
      View Details
    • Value Estimation by Request
      746 SF

      4229 Fm 620

      Flex space
      4229 Fm 620, Austin, TX 78734
      View Details
    • Value Estimation by Request
      60,000 SF

      4229 Fm 620

      Flex space
      4229 Fm 620, Austin, TX 78734
      View Details
    • Value Estimation by Request
      2,100 SF

      3802 Houston St

      Flex space
      3802 Houston St, Austin, TX 78734
      View Details
    • Value Estimation by Request
      60,000 SF

      4229 Fm 620

      Flex space
      4229 Fm 620, Austin, TX 78734
      View Details

    Similar Nearby for Sale

    • $275,000

      Customizable Flex Space with Mezzanine

      Concrete-and-steel flex suite with mezzanine, roll-up storefront door, and drive-up entry for easy deliveries.
      4229 Ranch Road 620 N 315, Austin, TX 78734
      View Details
    • Contact for pricing
      7,440 SF

      Lakeway Warehouse on High-Traffic Corridor

      Warehouse on 0.563 acres with high visibility and accessibility.
      3217 Ranch Road 620 N, Austin, TX 78734
      View Details
    • $185,000

      Versatile X-Space Unit

      Adaptable unit suitable for gym, office, retail, or storage.
      4229 Ranch Road 620 N 201, Austin, TX 78734
      View Details
    • $193,000
      400 SF

      Austin Flex Space - $193K

      400 sq ft Flex Space, West Austin
      4229 Fm 620, Austin, TX 78734
      View Details

    Similar Nearby for Lease

    • $49 SF/Yr
      60,000 SF

      XSpace Austin Flex Unit #306

      Modern Austin flex space, ideal for business or hobby.
      4229 Fm 620, Austin, TX 78734
      View Details
    • $38 SF/Yr
      60,000 SF

      Austin Flex Space - Hwy 620

      Modern Flex Warehouse, Lake Travis Views
      4229 Fm 620, Austin, TX 78734
      View Details
    • $65 SF/Yr
      60,000 SF

      Austin Flex Space Unit #324

      Modern Flex Space, West Austin
      4229 Fm 620, Austin, TX 78734
      View Details
    • $1,250 /Mo

      Customizable Flex Space Near Lake

      State-of-the-art flex space with drive-up access and modern amenities.
      4229 N Fm 620, Austin, TX 78734
      View Details
    • $1,950 /Mo

      Commercial Space Near Lake Travis

      Commercial rental space with office and parking near Lake Travis.
      2009 Pyramid Dr, Austin, TX 78734
      View Details
    View Listing
    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.
    4229 Fm 620
    Austin, TX 78734
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4229 Fm 620, Austin, TX, 78734
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!