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    3432 Greystone Dr Austin, TX 78731

    • Office buildings
    • 10,056 SF
    • 0.54 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $380,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0303711
    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

    • Lu Acupuncture Center / Wellness Center / Acupuncturist
    • Adisra / Software Company
    • Divine Mercy Counseling, PLLC / Counselor
    • Walls Office / Attorney Referral Service
    • Soccer Shots Austin / Youth Organization / Soccer Club

    Property Details for 3432 Greystone Dr

    Year built
    1980
    Lot size
    0.54 lot acres
    Property size
    10,056 SF
    Property type
    Office buildings
    APN
    239010306
    APU
    239010306

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $497,000
      Market price range: $193k - $1.37M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7482
    Latitude
    30.3579
    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
    $474,000
    $1,414,724
    $1,888,724
    -
    $474,000
    $1,414,724
    $1,888,724

    Comparable in this City

    • Value Estimation
      $220,000
      6.50 Acres

      4900 Fairview Dr

      OFFICE BUILDING • 6.50 Acres
      4900 Fairview Dr, Austin, TX 78731-5422
      View Details
    • Value Estimation
      $720,000
      29,660 SF

      3575 Far W Blvd

      OFFICE BUILDING • 29,660 SF
      3575 Far W Blvd, Austin, TX 78731-3064
      View Details
    • Value Estimation
      $660,000
      100,152 SF

      3307 Northland Dr

      OFFICE BUILDING • 100,152 SF
      3307 Northland Dr, Austin, TX 78731-4946
      View Details
    • Value Estimation
      $580,000
      29,020 SF

      5608 Parkcrest Dr

      OFFICE BUILDING • 29,020 SF
      5608 Parkcrest Dr, Austin, TX 78731-4972
      View Details
    • Value Estimation
      $590,000
      12,774 SF

      5511 Parkcrest Dr

      OFFICE BUILDING • 12,774 SF
      5511 Parkcrest Dr, Austin, TX 78731-4938
      View Details
    • Value Estimation
      $745,000
      34,979 SF

      5910 Courtyard Dr

      OFFICE BUILDING • 34,979 SF
      5910 Courtyard Dr, Austin, TX 78731-3341
      View Details

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      View Details
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    3432 Greystone Dr
    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.

    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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