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    248 Addie Roy Rd Austin, TX 78746

    • Office Properties & Spaces
    • 1,031 SF
    • 0.13 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US82-0394330
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • United Steel Supply / Steel Distributor
    • APA Center / Psychologist / Counselor
    • US Telehealth / Medical Office / Mental Health Service
    • Skelton & Woody PLLC / Insurance Attorney / Business Attorney
    • Therapy Kat PLLC / Mental Health Service

    Property Details for 248 Addie Roy Rd

    Year built
    1999
    Lot size
    0.13 lot acres
    Property size
    1,031 SF
    Property type
    Office Properties & Spaces
    APN
    121280306
    APU
    121280306

    Description

    This exceptional Class A executive office suite, totaling 1,965 square feet, is immediately available in the desirable Westlake submarket of Austin, Texas. Located at 248 Addie Roy Rd, this 2006-renovated space boasts a prime location across Bee Caves Rd from the One World Theater and near Barton Creek Country Club. The suite, situated in a three-story, three-building complex built in 1999, offers expansive views. The interior features five private offices, three of which are executive offices, and one with a separate balcony entrance. Two ADA-compliant bathrooms and a convenient breakroom/kitchen area are included. All doors are lockable, and ample storage is available in the hallway and a dedicated closet. The suite benefits from a 12-foot ceiling height, one elevator, and on-site power. The property sits on 0.2 acres of land and is zoned for commercial use. Property taxes are $12.15 per square foot. This turnkey solution provides immediate occupancy in a highly sought-after location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $425,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $475,000
      Retail
      $365,000
      Mixed-Use
      $360,000
      Hospitality
      $365,000
      Educational
      $485,000
      Residential Income
      $490,000
      Energy
      $500,000
      Income-Based Land
      $485,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8436
    Latitude
    30.3099
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $69,792
    $462,923
    $532,715
    -
    $69,792
    $462,923
    $532,715

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      CONDOMINIUM OFFICES • 1,806 SF
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    248 Addie Roy Rd
    Austin, TX 78746
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    Realmo Value Estimation

    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.

    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
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