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    3301 Steck Ave Austin, TX 78757
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    3301 Steck Ave Austin, TX 78757

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    • Strip malls
    • 29,930 SF
    • 2.36 lot acres
    For Lease
    $630,000
    View Listing →
    Retail Space Near Central Austin For Lease
    $630,000
    1,369 SF

    Retail Space Near Central Austin

    Retail space with easy access in a central location.

    3405 Steck Ave, Austin, TX
    View Listing
    Property ID
    US82-2563194
    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

    • Strip malls

    Property Details for 3301 Steck Ave

    Year built
    2010
    Lot size
    2.36 lot acres
    Property size
    29,930 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    241040623
    APU
    241040623

    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
    -97.7407
    Latitude
    30.3665
    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
    $2,054,464
    $4,579,536
    $6,634,000
    -
    $2,054,464
    $4,579,536
    $6,634,000

    Comparable in this City

    • Value Estimation by Request
      6,261 SF

      2213 Justin Ln

      SHOPPING CENTER, STRIP CENTER • 6,261 SF
      2213 Justin Ln, Austin, TX 78757-2416
      View Details
    • Value Estimation by Request
      5,002 SF

      7100 Woodrow Ave

      SHOPPING CENTER, STRIP CENTER • 5,002 SF
      7100 Woodrow Ave, Austin, TX 78757-1802
      View Details
    • Value Estimation
      $905,000
      26,009 SF

      911 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 26,009 SF
      911 Anderson Ln, Austin, TX 78757-1501
      View Details
    • Value Estimation
      $1,650,000
      44,266 SF

      2900 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 44,266 SF
      2900 Anderson Ln, Austin, TX 78757-1102
      View Details
    • Value Estimation by Request
      14,675 SF

      6415 Burnet Ln

      SHOPPING CENTER, STRIP CENTER • 14,675 SF
      6415 Burnet Ln, Austin, TX 78757-3248
      View Details
    • Value Estimation
      $770,000
      28,418 SF

      7739 Northcross Dr

      SHOPPING CENTER, STRIP CENTER • 28,418 SF
      7739 Northcross Dr, Austin, TX 78757-1700
      View Details

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      56,049 SF

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      Retail shopping center available in Austin, Texas.
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      Austin Office Building For Sale

      26,016 SF office building in Austin, Texas.
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      Austin Multifamily Property Near Employers

      Multifamily property centrally located near Austin's major employment centers.
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    Similar Nearby for Lease

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      Retail Destination in Central Austin

      Regional mall anchored by Walmart in central Austin.
      2525 West Anderson Ln, Austin, TX 78757
      View Details
    • Contact for pricing
      7,982 SF

      Retail Space in Austin, TX

      Retail space available in a high-traffic Austin location.
      2438 West Anderson Ln, Austin, TX 78757
      View Details
    • $24 SF/Yr
      2,485 SF

      Retail Space on Northcross Drive

      Retail suite with open floor plan and drive-up parking.
      7739 Northcross Dr, Austin, TX 78757
      View Details
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      Move-in Ready Office/Warehouse in Austin

      Stand-alone office/warehouse in north central Austin for lease.
      6733 Burnet Ln, Austin, TX 78757
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      18,000 SF

      Shoal Creek Office/Retail Opportunity

      18,000 SF available in Shoal Creek Blvd building.
      8929 Shoal Creek Blvd, Austin, TX 78757
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      Retail Space on Burnet Road

      Retail space in high-traffic area near restaurants and apartments.
      6500 Burnet Rd, Austin, TX 78757
      View Details
    View Listing
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    3301 Steck Ave
    Austin, TX 78757
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    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
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