Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2921 E 17Th St Austin, TX 78702

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2921 E 17Th St Austin, TX 78702

    View on Map
    • Apartment buildings
    • 176,250 SF
    • 12.92 lot acres
    For Sale
    $2,375,000
    View Listing →
    East Side Office Opportunity For Sale
    $2,375,000
    7,500 SF

    East Side Office Opportunity

    Office building with convenient access to MLK Station.

    2921 E 17th St, Austin, TX 78702
    View Listing
    Property ID
    US82-6330706
    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

    • Apartment buildings

    Property Details for 2921 E 17Th St

    Year built
    2022
    Lot size
    12.92 lot acres
    Property size
    176,250 SF
    Property type
    Apartment buildings
    APN
    210121702
    APU
    210121702

    Description

    This exceptional 7,500-square-foot executive office building at 2921 E 17th St in Austin, Texas, presents a compelling lease or purchase opportunity. The two-story property boasts a modern, creative office design, perfectly suited for discerning businesses. Its prime location on the east side offers unparalleled convenience, with easy access to the MLK Station and a vibrant neighborhood brimming with coffee shops, restaurants, and other retail amenities. Enjoy the benefits of a short walk to various lunch and coffee options. The building's strategic proximity to downtown Austin and major thoroughfares ensures seamless connectivity throughout the city. The surrounding area is experiencing significant growth, with numerous multifamily and residential developments adding to the area's appeal. Ample parking is provided with a total of 22 spaces, including 20 secure garage spaces and 2 convenient surface spaces. This property offers a unique blend of modern design, prime location, and convenient amenities, making it an ideal choice for businesses seeking a thriving and accessible workspace in Austin. The property is located in Travis County, Texas, with a zip code of 78702.

    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
    -97.7101
    Latitude
    30.2807
    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
    $16,884,486
    $29,633,858
    $46,518,344
    -
    $16,884,486
    $29,633,858
    $46,518,344

    Comparable in this City

    • Value Estimation
      $1,420,000
      145,288 SF

      2011 6th St

      APARTMENT HOUSE (100+ UNITS) • 145,288 SF
      2011 6th St, Austin, TX 78702-3473
      View Details
    • Value Estimation by Request
      24,808 SF

      1100 11th St

      APARTMENT HOUSE (100+ UNITS) • 24,808 SF
      1100 11th St, Austin, TX 78702-1909
      View Details
    • Value Estimation
      $2,095,000
      128,700 SF

      1600 3rd St

      APARTMENT HOUSE (100+ UNITS) • 128,700 SF
      1600 3rd St, Austin, TX 78702-4418
      View Details
    • Value Estimation
      $5,385,000
      274,521 SF

      901 5th St

      APARTMENT HOUSE (100+ UNITS) • 274,521 SF
      901 5th St, Austin, TX 78702-4075
      View Details
    • Value Estimation
      $1,940,000
      188,480 SF

      300 Chicon St

      APARTMENT HOUSE (100+ UNITS) • 188,480 SF
      300 Chicon St, Austin, TX 78702-4658
      View Details
    • Value Estimation by Request
      5,592 SF

      605 Allen St

      APARTMENT HOUSE (5+ UNITS) • 5,592 SF
      605 Allen St, Austin, TX 78702-4966
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,760 SF

      Luxury Townhomes in East Austin

      Four luxury townhomes in East Austin's growing Springdale corridor.
      3528 Gonzales St, Austin, TX 78702
      View Details
    • $795,000

      East Austin Contemporary Home

      Modern 5-bedroom home in East Austin, currently a short-term rental.
      2307 East 2Nd St, Austin, TX 78702
      View Details
    • $1,075,000

      Austin MLK Transit Corridor Location

      Located in Austin's MLK transit corridor with easy access.
      1800 E Martin Luther King Jr Blvd, Austin, TX 78702
      View Details
    • Contact for pricing
      4,989 SF

      East Austin Mixed-Use Building

      Mixed-use property with retail and residential components in East Austin.
      2601 E 7Th St, Austin, TX 78702
      View Details
    • $925,732

      Mixed-Use Austin Property Package

      Two adjacent lots with commercial and residential potential in Austin.
      2607 E 5Th St, Austin, TX 78702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,545 SF

      Retail Space in East Austin

      Retail space available in a multi-family property in Austin, TX.
      2832 E Martin Luther King Jr Blvd, Austin, TX 78702
      View Details
    • $5,000 /Mo
      7,318 SF

      Renovated Commercial Space with Yard

      Adaptable 2,342 SF commercial space with outdoor area in Austin.
      2008 E 12Th St, Austin, TX 78702
      View Details
    • Contact for pricing

      East Austin Office Space Available

      1,341 SF office space in trendy East Austin.
      3700 Thompson St, Austin, TX 78702
      View Details
    • Contact for pricing

      Retail/Restaurant Space in East Austin

      New retail and restaurant spaces in growing East Austin.
      5100 Bolm Rd, Austin, TX 78702
      View Details
    View Listing
    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.
    2921 E 17Th St
    Austin, TX 78702
    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

    Thank You for Inquiry
    2921 E 17Th St, Austin, TX, 78702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!