Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    3200 Steck Ave Ste, Unit 260 Austin, TX 78757-8032

    • Office Properties & Spaces
    • 1,520 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2886521
    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

    • Office Properties & Spaces

    Property Details for 3200 Steck Ave Ste

    Year built
    1981
    Lot size
    0.08 lot acres
    Property size
    1,520 SF
    Property type
    Office Properties & Spaces
    APN
    243051209
    APU
    243051209

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $253,000
      Market price range: $65.5k - $386k

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7373
    Latitude
    30.3661
    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
    $92,147
    $428,153
    $520,300
    -
    $92,147
    $428,153
    $520,300

    Comparable in this City

    • Value Estimation
      $355,000
      10,697 SF

      1501 Anderson Lnb2

      CONDOMINIUM OFFICES • 10,697 SF
      1501 Anderson Lnb2, Austin, TX 78757-1452
      View Details
    • Value Estimation
      $250,000
      5,564 SF

      1501 Anderson Lna

      CONDOMINIUM OFFICES • 5,564 SF
      1501 Anderson Lna, Austin, TX 78757-1452
      View Details
    • Value Estimation
      $295,000
      1,067 SF

      8701 Shl Crk Blvda102

      CONDOMINIUM OFFICES • 1,067 SF
      8701 Shl Crk Blvda102, Austin, TX 78757-6864
      View Details
    • Value Estimation
      $295,000
      1,179 SF

      8500 Shl Crk Blvd Ste, Unit 105

      CONDOMINIUM OFFICES • 1,179 SF
      8500 Shl Crk Blvd Ste, Austin, TX 78757-7552
      View Details
    • Value Estimation
      $300,000
      1,359 SF

      8500 Shl Crk Blvd Ste, Unit 117

      CONDOMINIUM OFFICES • 1,359 SF
      8500 Shl Crk Blvd Ste, Austin, TX 78757-7651
      View Details
    • Value Estimation
      $280,000
      927 SF

      3200 Steck Ave Ste, Unit 330

      CONDOMINIUM OFFICES • 927 SF
      3200 Steck Ave Ste, Austin, TX 78757-8034
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Austin Office Building For Sale

      26,016 SF office building in Austin, Texas.
      8705 Shoal Creek Blvd, Austin, TX 78757
      View Details
    • $1,100,000

      Burnet Road Live-Work Opportunity

      1,975 SF live-work space on Burnet Road for sale.
      6444 Burnet Rd, Austin, TX 78757
      View Details
    • $770,000

      Clean Duplex Near 183 & Burnet

      Ready duplex with easy access to restaurants and shopping.
      2712 Thrushwood Dr, Austin, TX 78757
      View Details
    • $649,000

      Brentwood Duplex Investment Opportunity

      Duplex in Brentwood neighborhood with two units and private yards.
      1513 Ruth Ave, Austin, TX 78757
      View Details
    • $969,000

      Central Austin Duplex Investment Opportunity

      Meticulously maintained duplex in walkable Central Austin neighborhood.
      1000 Morrow St, Austin, TX 78757
      View Details
    • $900,000

      Austin Fourplex Condo Opportunity

      Fourplex in Austin, units can be sold individually.
      8611 Putnam Dr, Austin, TX 78757
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,790 SF

      Austin Office Space for Lease

      Prime Austin location, 1790 sq ft, NNN lease.
      8500 Shoal Creek Blvd, Austin, TX 78757
      View Details
    • $44 SF/Yr
      14,786 SF

      New Office Space Available

      Turn-key office space with high-end finishes and rooftop patio.
      7001 Burnet Rd, Austin, TX 78757
      View Details
    • Contact for pricing
      1,291 SF

      Office Space with Modern Amenities

      Office space with Class A finishes and excellent Mopac access.
      7800 Shoal Creek Blvd, Austin, TX 78757
      View Details
    • Contact for pricing
      2,101 SF

      North Central Austin Office Space

      One-story ranch-style office space in North Central Austin.
      2514 Buell Ave, Austin, TX 78757
      View Details
    • $5 SF/Yr
      3,012 SF

      North Austin Office Space Available

      Two-story office building with spaces available in North Austin.
      7900 Shoal Creek Blvd, Austin, TX 78757
      View Details
    • $18 SF/Yr
      3,388 SF

      Freestanding Office Building For Lease

      Freestanding office building with great visibility and signage.
      8105 Shoal Creek Blvd, Austin, TX 78757
      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.
    3200 Steck Ave Ste, Unit 260
    Austin, TX 78757-8032
    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.