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    1009 Meredith Dr Austin, TX 78748
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    Property profile & analytics

    1009 Meredith Dr Austin, TX 78748

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    • Office buildings
    • 1,286 SF
    • 0.34 lot acres
    For Lease
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    Office Space in Austin, TX For Lease
    Contact for pricing
    1,383 SF

    Office Space in Austin, TX

    Office space available for rent in Austin, Texas.

    1009 Meredith Dr, Austin, TX
    View Listing
    Property ID
    US82-8595845
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Edward Jones - Financial Advisor: Staci R George, CFP®|CEPA® / Financial Advisor

    Property Details for 1009 Meredith Dr

    Year built
    1964
    Construction
    WOOD FRAME
    Lot size
    0.34 lot acres
    Property size
    1,286 SF
    Property type
    Office buildings
    APN
    443230201
    APU
    443230201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8319
    Latitude
    30.1415
    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
    $4,980
    $88,872
    $254,128
    $343,000
    -
    $88,872
    $254,128
    $343,000

    Comparable in this City

    • Value Estimation
      $5,165,000
      31,275 SF

      8900 Menchaca Rd

      OFFICE BUILDING • 31,275 SF
      8900 Menchaca Rd, Austin, TX 78748-5307
      View Details
    • Value Estimation
      $610,000
      2,148 SF

      11031 Menchaca Rd

      OFFICE BUILDING • 2,148 SF
      11031 Menchaca Rd, Austin, TX 78748-2703
      View Details
    • Value Estimation
      $3,240,000
      21,536 SF

      9501 Menchaca Rd, Unit 2

      OFFICE BUILDING • 21,536 SF
      9501 Menchaca Rd, Austin, TX 78748-6229
      View Details
    • Value Estimation
      $2,200,000
      14,735 SF

      12010 Brodie Ln

      OFFICE BUILDING • 14,735 SF
      12010 Brodie Ln, Austin, TX 78748-1958
      View Details
    • Value Estimation
      $1,035,000
      4,000 SF

      2301 Riddle Rd

      OFFICE BUILDING • 4,000 SF
      2301 Riddle Rd, Austin, TX 78748-1310
      View Details
    • Value Estimation
      $10,455,000
      71,124 SF

      2817 Kentish Dr

      OFFICE BUILDING • 71,124 SF
      2817 Kentish Dr, Austin, TX 78748-5142
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,469 SF

      Menchaca Road Commercial Property

      Commercial property with income potential at Menchaca Rd and FM 1626.
      12117 Menchaca Rd, Austin, TX 78748
      View Details
    • Contact for pricing

      Office Condo Near Downtown Austin

      Rare opportunity to own office space minutes from downtown.
      8701 Menchaca Rd, Austin, TX 78748
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    • $7,602,018
      8,047 SF

      Austin Retail Investment Opportunity

      Multi-tenant retail/medical investment opportunity in South Austin.
      196 W Slaughter Ln, Austin, TX 78748
      View Details
    • Contact for pricing

      Developed Pad Site For Sale

      0.95 acre pad site with drive-thru approval and utilities.
      8919 Brodie Ln, Austin, TX 78748
      View Details
    • Contact for pricing
      147,757 SF

      Class A Industrial Warehouse

      Class A industrial warehouse with quick highway access in Austin.
      13422 Old San Antonio Rd, Austin, TX 78748
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space on W Slaughter

      Office space for rent in South Austin with high visibility.
      1206 W Slaughter Ln, Austin, TX 78748
      View Details
    • Contact for pricing
      1,383 SF

      Office Space in Austin, TX

      Office space available for rent in Austin, Texas.
      1009 Meredith Dr, Austin, TX 78748
      View Details
    • Contact for pricing
      418 SF

      Office Space Available For Rent

      Office space available for rent in Austin, Texas.
      1011 Meredith Dr, Austin, TX 78748
      View Details
    • Contact for pricing

      Conveniently Located Office Space Available

      Office space for rent near Manchaca intersection and I-35.
      1213-1217 W Slaughter Ln, Austin, TX 78748
      View Details
    • $24 SF/Yr
      2,779 SF

      Office Suite Available For Rent

      2,779 sq ft office suite for professional or medical use.
      9701 Brodie Ln, Austin, TX 78748
      View Details
    • $25 SF/Yr
      1,030 SF

      Renovated Office Space in Austin

      Recently renovated office space with private entrance and ample parking.
      2111 W Slaughter Ln, Austin, TX 78748
      View Details
    View Listing
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    1009 Meredith Dr
    Austin, TX 78748
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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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