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

    3208 Duke Rd Austin, TX 78724

    • Parking lots & garages
    • 3,000 SF
    • 1.96 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3070547
    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

    • American Tower Corporation / Telecommunications Service Provider

    Property Details for 3208 Duke Rd

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    1.96 lot acres
    Property size
    3,000 SF
    Property type
    Parking lots & garages
    APN
    227280511
    APU
    227280511

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $275,000
      Current use
      AUTO REPAIR, GARAGE
      $430,000
      Change: +57% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $315,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $290,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6638
    Latitude
    30.324
    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
    $4,609
    $149,716
    $181,020
    $330,736
    -
    $149,716
    $181,020
    $330,736

    Comparable in this City

    • Value Estimation
      $795,000
      14,158 SF

      8201 Tuscany Way

      PARKING GARAGE, PARKING STRUCTURE • 14,158 SF
      8201 Tuscany Way, Austin, TX 78724-2439
      View Details
    • Value Estimation
      $450,000
      9,898 SF

      5100 Commercial Park Dr

      PARKING GARAGE, PARKING STRUCTURE • 9,898 SF
      5100 Commercial Park Dr, Austin, TX 78724-2641
      View Details
    • Value Estimation
      $340,000
      36,403 SF

      9665 Hwy 290

      PARKING GARAGE, PARKING STRUCTURE • 36,403 SF
      9665 Hwy 290, Austin, TX 78724-3804
      View Details
    • Value Estimation
      $245,000
      4,044 SF

      3412 Duke Rd

      PARKING GARAGE, PARKING STRUCTURE • 4,044 SF
      3412 Duke Rd, Austin, TX 78724-2512
      View Details
    • Value Estimation
      $135,000
      5,824 SF

      12200 Fm 969th Rd

      CONVENIENCE STORE • 5,824 SF
      12200 Fm 969th Rd, Austin, TX 78724-6330
      View Details
    • Value Estimation
      $500,000
      3,600 SF

      6575 Decker Ln

      CONVENIENCE STORE • 3,600 SF
      6575 Decker Ln, Austin, TX 78724-4621
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Near Austin Semiconductor

      Land located near major Austin employers.
      9212 Decker Ln, Austin, TX 78724
      View Details
    • $2,750,000

      Central Austin Industrial Building

      Functional industrial space with highway access in central Austin.
      4909 Commercial Park Dr, Austin, TX 78724
      View Details
    • $1,500,000

      Land with Development Potential

      3.028 acres suitable for live-work or business use.
      5906 N Fm 973, Austin, TX 78724
      View Details
    • $455,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
      5501 Purple Sage Dr, Austin, TX 78724
      View Details
    • Contact for pricing
      54,994 SF

      Premier Industrial Facility in Austin

      54,994 SF light industrial facility undergoing modern capital improvements.
      4806 Commercial Park Dr, Austin, TX 78724
      View Details
    • Contact for pricing

      Prime Retail Land Near Tesla

      Developable land near Tesla GigaFactory with utilities coming in 2025.
      11412 Fm 969, Austin, TX 78724
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,800 SF

      Retail Center on Highway 290

      Multi-tenant retail center with high visibility and accessibility.
      9521 Highway 290 W, Austin, TX 78724
      View Details
    • $28 SF/Yr
      1,750 SF

      Retail Space in Neighborhood Center

      Retail space available in a great neighborhood center.
      14509 Fm 969, Austin, TX 78724
      View Details
    • Contact for pricing
      8,700 SF

      Retail Space For Lease

      Retail space available for lease near Tesla factory.
      6204 Fm 969, Austin, TX 78724
      View Details
    • $16 SF/Yr
      112,000 SF

      Austin Build-to-Suit Industrial Space

      Prime East Austin location, 112,000 SF, flexible development.
      SH 130 AND FM 969, Austin, TX 78724
      View Details
    • Contact for pricing
      31,128 SF

      Central Austin Flex/Warehouse Space

      Multi-tenant building with ground level loading in central Austin.
      9700 Decker Ln, Austin, TX 78724
      View Details
    • Contact for pricing
      20,365 SF

      East Austin Warehouse and Manufacturing

      Dual-building industrial property in East Austin with flexible occupancy options.
      8107 Altoga Dr, Austin, TX 78724
      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.
    3208 Duke Rd
    Austin, TX 78724
    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.