Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10609 Metric Blvd Austin, TX 78758

    • Warehouses
    • 14,580 SF
    • 0.69 lot acres
    For Lease
    View listing
    Last Sale
    Jul 23, 2020
    Value Estimations
    $495,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2319958
    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

    • Touch Up Masters / Auto Body Shop / Auto Painting
    • Kleber Chiropractic And Wellness / Chiropractor
    • Cabinet Depot Austin / Cabinet Store / Countertop Store
    • CitiQuartz Austin LLC / Countertop Store
    • Fairweather Cider Co. / Cider Bar

    Property Details for 10609 Metric Blvd

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.69 lot acres
    Property size
    14,580 SF
    Property type
    Warehouses
    APN
    248110102
    APU
    248110102

    Description

    This exceptional North Austin industrial property offers a total of 57,087 square feet of warehouse and flex space across multiple suites. Currently, two spaces are immediately available, ranging from 2,914 to 5,868 square feet, providing flexibility for various business needs. The building boasts impressive 14-foot ceiling heights, ideal for efficient storage and operations. Situated south of Braker Lane and Metric Boulevard, this prime location benefits from excellent accessibility and visibility. The property's strategic position in North Austin places it conveniently near the new MLS Soccer Stadium, ensuring high traffic and strong community presence. The multi-tenant structure offers a diverse and collaborative environment. With 7,331 square feet currently vacant, this presents a unique opportunity to secure space in a well-maintained and strategically located industrial complex. The property's design caters to a variety of businesses seeking efficient and functional warehouse or flex space in a thriving North Austin area. The available units provide ample room for storage, light manufacturing, or office/warehouse combinations. Don't miss this chance to establish your business in a dynamic and rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $485,000
      Market price range: $378k - $971k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $630,000
      Current use
      RETAIL STORES
      $600,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7122
    Latitude
    30.3849
    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
    $36,476
    $1,200,000
    $439,521
    $1,639,521
    -
    $1,200,000
    $439,521
    $1,639,521

    Comparable in this City

    • Value Estimation by Request
      15,021 SF

      825-901 Kramer Ln

      Distribution properties • 15,021 SF
      825-901 Kramer Ln, Austin, TX 78758
      View Details
    • Value Estimation
      $265,000
      10,930 SF

      2804 Longhorn Blvd

      WAREHOUSE, STORAGE • 10,930 SF
      2804 Longhorn Blvd, Austin, TX 78758-7625
      View Details
    • Value Estimation
      $590,000
      17,800 SF

      1901 Rutland Dr

      WAREHOUSE, STORAGE • 17,800 SF
      1901 Rutland Dr, Austin, TX 78758-5419
      View Details
    • Value Estimation
      $650,000
      56,000 SF

      9324 Neils Thompson Dr

      WAREHOUSE, STORAGE • 56,000 SF
      9324 Neils Thompson Dr, Austin, TX 78758-7522
      View Details
    • Value Estimation
      $825,000
      20,700 SF

      9315 Neils Thompson Dr

      WAREHOUSE, STORAGE • 20,700 SF
      9315 Neils Thompson Dr, Austin, TX 78758-7649
      View Details
    • Value Estimation
      $650,000
      24,672 SF

      8990 Research Blvd

      WAREHOUSE, STORAGE • 24,672 SF
      8990 Research Blvd, Austin, TX 78758-5902
      View Details

    Similar Nearby for Sale

    • $665,000

      Office/Warehouse on Beck Cir, Austin

      2550 sq ft office/warehouse on .2065 acre lot.
      9615 Beck Cir, Austin, TX 78758
      View Details
    • Contact for pricing
      15,021 SF

      Austin Warehouse Redevelopment Opportunity

      15,021 SF Warehouse, Prime Location
      825-901 Kramer Ln, Austin, TX 78758
      View Details
    • Contact for pricing
      4,680 SF

      Austin Warehouse/Office Facility For Sale

      4,680 SF office/warehouse facility in Austin, Texas.
      903 Wagon Trl, Austin, TX 78758
      View Details
    • Contact for pricing
      2.80 Acres

      Austin Industrial Land - 2.8 Acres

      Prime Austin development land near The Domain.
      9100 United Dr, Austin, TX 78758
      View Details
    • $579,900

      North Austin Income-Generating Duplex

      Remodeled duplex in North Austin, near The Domain.
      11421 Ptarmigan Dr, Austin, TX 78758
      View Details
    • $1,055,000
      1,018 SF

      Freestanding Taco Shack in Northlake

      Absolute net lease Taco Shack with rental increase.
      12439 Metric Blvd, Austin, TX 78758
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Austin Warehouse/Flex Space Available

      Modern Austin industrial space, multiple tenants.
      3006 Longhorn Blvd, Austin, TX 78758
      View Details
    • Contact for pricing
      28,644 SF

      Austin Warehouse Space Available

      Multiple warehouse spaces for lease in North Austin.
      2211 Denton Dr, Austin, TX 78758
      View Details
    • $15 SF/Yr
      5,500 SF

      Industrial Flex Space Available

      5,500 SF flex space for lease in Austin, TX.
      2001 Rutland Dr, Austin, TX 78758
      View Details
    • Contact for pricing
      3,200 SF

      Austin Warehouse Space Available

      3,200 sqft warehouse space for rent in Austin, TX.
      9610 Neils Thompson Dr, Austin, TX 78758
      View Details
    • Contact for pricing
      22,126 SF

      Austin Warehouse Space Available

      Multi-tenant industrial building, 2 spaces available
      2540 Brockton Dr, Austin, TX 78758
      View Details
    • Contact for pricing
      55,200 SF

      Austin Warehouse Space For Lease

      Modern Austin warehouse, multiple suites available.
      2600 Longhorn Blvd, Austin, TX 78758
      View Details
    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.
    10609 Metric Blvd
    Austin, TX 78758
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.