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    4229 Suite Austin, TX 78734
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    4229 Suite, Austin, TX 78734

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    • Industrial properties
    • 490 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 4229 Suite

    Year built
    2021
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This 490-square-foot flex space, unit #203, in a 2021-built, four-story building, is priced at $174,900 ($357/sq ft). Located at 4229 N FM 620, Suite #203, Austin, TX 78734, this multi-tenant property offers a gross lease. The unit features a large window with abundant natural light in the upper mezzanine area and additional lower-level space. Amenities include 24/7 monitored security and access, high ceilings, wide driveways, a fire sprinkler system, heat/smoke sensors, strobe/horn alarms, a passenger elevator, a mail center, fully conditioned HVAC with a bioclimatic (BSA) UI ionization air filtration system, high-speed internet, water, electricity, and janitorial/landscape/trash services. Owners enjoy access to a 3,000 sq ft owners' lounge with a commercial kitchen, mixer/lounge areas, a private conference room, bathrooms with showers, and a terrace overlooking Lake Travis and the Texas Hill Country. The property is situated in the Lake Travis region of West Austin, approximately 30 minutes from Downtown Austin, and near various amenities including The Domain, Westlake Hills, Rough Hollow, Lakeway, and Steiner Ranch. This all-inclusive space is perfect for expanding a business or pursuing hobbies. The building contains 106 units in one building.

    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
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    • 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
      400 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

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    Austin, TX 78734
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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
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