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

    2433 Ridgepoint Dr Austin, TX 78754-5231

    • Office buildings
    • 61,041 SF
    • 4.53 lot acres
    OFF-MARKET
    Value Estimations
    $9,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3148744
    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

    • Nelda Wells Spears Building / Government Office / County Government Office
    • Travis County Tax Office - Main / County Government Office / Tax Collector'S Office
    • Placas / Insurance Agency

    Property Details for 2433 Ridgepoint Dr

    Year built
    1985
    Lot size
    4.53 lot acres
    Property size
    61,041 SF
    Property type
    Office buildings
    APN
    229230303
    APU
    229230303

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,264,000
      Market price range: $1.73M - $18.1M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,805,000
      Current use
      AUTO REPAIR, GARAGE
      $8,750,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6738
    Latitude
    30.3276
    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
    $1,381,898
    $9,564,696
    $10,946,594
    -
    $1,381,898
    $9,564,696
    $10,946,594

    Comparable in this City

    • Value Estimation
      $1,215,000
      19,019 SF

      1700 Rutherford Ln

      OFFICE BUILDING • 19,019 SF
      1700 Rutherford Ln, Austin, TX 78754-5104
      View Details
    • Value Estimation
      $1,665,000
      31,236 SF

      1805 Rutherford Ln

      OFFICE BUILDING • 31,236 SF
      1805 Rutherford Ln, Austin, TX 78754-5186
      View Details
    • Value Estimation
      $1,480,000
      4,684 SF

      7910 Cameron Rd

      OFFICE BUILDING • 4,684 SF
      7910 Cameron Rd, Austin, TX 78754-3826
      View Details
    • Value Estimation
      $3,325,000
      17,469 SF

      2301 Forbes Dr

      OFFICE BUILDING • 17,469 SF
      2301 Forbes Dr, Austin, TX 78754
      View Details
    • Value Estimation
      $3,155,000
      18,177 SF

      8326 Cross Park Dr

      OFFICE BUILDING • 18,177 SF
      8326 Cross Park Dr, Austin, TX 78754-5121
      View Details
    • Value Estimation
      $825,000
      12,458 SF

      1624 Headway Cir

      OFFICE BUILDING • 12,458 SF
      1624 Headway Cir, Austin, TX 78754-5109
      View Details

    Similar Nearby for Sale

    • $7,250,000
      93,452 SF

      Walnut Creek Office Building For Sale

      Four-story, 93,452 SF office building in Walnut Creek Business District.
      8317 Cross Park Dr, Austin, TX 78754
      View Details
    • $7,750,000
      36,047 SF

      Austin Office Building For Sale

      36,047 SF office building available in Austin, Texas.
      1505 Ferguson Ln, Austin, TX 78754
      View Details
    • Contact for pricing
      49,029 SF

      Austin Flex Space: Promontory Point

      High-quality flex space, ideal location
      2420 Ridgepoint Dr, Austin, TX 78754
      View Details
    • $320,000
      972 SF

      Austin Executive Office Condo

      972 SF, $320,000, 100% Occupied
      1508 Dessau Ridge Ln, Austin, TX 78754
      View Details
    • Contact for pricing
      3,500 SF

      Austin Industrial Property - 5.1 Acres

      Prime Austin location: 13,500 SF building, fenced 5.1-acre lot.
      9513 Brown Lane, Austin, TX 78754
      View Details
    • Contact for pricing
      93,654.00 Acres

      Austin Development Land: 77 Units Approved

      Prime Austin location, 2.15 acres, multi-family zoning.
      1509 Dessau Ridge Ln, Austin, TX 78754
      View Details

    Similar Nearby for Lease

    • $41 SF/Yr
      8,024 SF

      Medical Facility on Cameron Road

      8,024 SF medical facility with strong visibility, built in 2019.
      7912 Cameron Rd, Austin, TX 78754
      View Details
    • Contact for pricing
      108,805 SF

      Austin Industrial/Office Space for Lease

      Flexible Austin workspace, 300-100,000 sq ft.
      8119 Exchange Dr, Austin, TX 78754
      View Details
    • $14 SF/Yr
      34,088 SF

      Austin Office Park Investment Opportunity

      Prime Austin Office Space Available
      8101 Cameron Rd, Austin, TX 78754
      View Details
    • Contact for pricing
      24,185 SF

      Northeast Austin Office/Flex Building

      Two-story office/flex building in Northeast Austin's Walnut Creek Business Centre.
      1609 Centre Creek Dr, Austin, TX 78754
      View Details
    • $19 SF/Yr

      North Austin Office Suites For Rent

      Well-maintained office suites with amenities in North Austin.
      8001 Centre Park Dr, Austin, TX 78754
      View Details
    • Contact for pricing
      53,974 SF

      Centre Creek Plaza: Austin Office Space

      Executive suites, prime Northeast Austin location.
      1812 Centre Creek Dr, Austin, TX 78754
      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.
    2433 Ridgepoint Dr
    Austin, TX 78754-5231
    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.