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

    3500 Capital Of Texas Hwy Austin, TX 78746-3370

    • Apartment buildings
    • 202,106 SF
    • 16.50 lot acres
    OFF-MARKET
    Value Estimations
    $3,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3797011
    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

    • 3500 Westlake Apartments / Real Estate Agency
    • Autoluxmobiledetailing / Car Wash
    • Paragon Homes LLC / Construction Company / General Contractor

    Property Details for 3500 Capital Of Texas Hwy

    Year built
    2007
    Lot size
    16.50 lot acres
    Property size
    202,106 SF
    Property type
    Apartment buildings
    APN
    129190102
    APU
    129190102

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,190,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8098
    Latitude
    30.3328
    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
    $1,125,983
    $17,967,411
    $41,072,589
    $59,040,000
    -
    $17,967,411
    $41,072,589
    $59,040,000

    Comparable in this City

    • Value Estimation
      $7,280,000
      332,551 SF

      1720 Lakeshore Dr

      APARTMENT HOUSE (100+ UNITS) • 332,551 SF
      1720 Lakeshore Dr, Austin, TX 78746-3714
      View Details
    • Value Estimation
      $1,595,000
      97,342 SF

      2611 Bee Caves Rd

      APARTMENT HOUSE (100+ UNITS) • 97,342 SF
      2611 Bee Caves Rd, Austin, TX 78746-5699
      View Details
    • Value Estimation
      $4,645,000
      260,918 SF

      4720 Plz On The Lk, Unit 238

      APARTMENT HOUSE (100+ UNITS) • 260,918 SF
      4720 Plz On The Lk, Austin, TX 78746
      View Details
    • Value Estimation by Request
      5,120 SF

      3340 Bee Caves Rd

      APARTMENT HOUSE (5+ UNITS) • 5,120 SF
      3340 Bee Caves Rd, Austin, TX 78746-6794
      View Details
    • Value Estimation by Request
      5,378 SF

      Blueridge Trl

      APARTMENT HOUSE (5+ UNITS) • 5,378 SF
      Blueridge Trl, Austin, TX 78746
      View Details
    • Value Estimation by Request
      5,415 SF

      3607 Doe Trl

      APARTMENT HOUSE (5+ UNITS) • 5,415 SF
      3607 Doe Trl, Austin, TX 78746-5396
      View Details

    Similar Nearby for Sale

    • $4,500,000
      1.08 Acres

      Westlake Cove Austin Land - 1.08 Acres

      Prime Austin land, lake access, two boat slips.
      2938 Westlake Cv, Austin, TX 78746
      View Details
    • $1,125,000
      2,655 SF

      Refined Living in Gated Community

      Four-bedroom home near retail and downtown Austin.
      1036 Liberty Park Dr, Austin, TX 78746
      View Details
    • $1,495,000

      Lake Austin Dream Home Site

      Half-acre lot ready for your vision in Eanes ISD.
      2805 Rivercrest Dr, Austin, TX 78746
      View Details
    • $1,350,000

      Land For Sale Austin

      Land available for sale in Austin, Texas.
      3107 Cavalcade Ct, Austin, TX 78746
      View Details
    • $2,175,000

      Land for Sale in Austin

      Land available in Austin, Texas.
      2909 Stratford Dr, Austin, TX 78746
      View Details
    • Contact for pricing
      11,848 SF

      Westlake Hills Office Building

      High-visibility office building in Westlake Hills near retail.
      1101 S Capital Of Texas Hwy, Austin, TX 78746
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      1,624 SF

      West Austin Cozy Home

      Spacious 3x3 home in Eanes School District available for rent.
      6010 Long Champ Ct, Austin, TX 78746
      View Details
    • Contact for pricing
      129,230 SF

      CityView Center: Austin Retail Space

      Prime Austin Fitness Center Space Available
      1122 Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • $93 SF/Yr
      20,174 SF

      Austin Executive Office Suites

      Premium Austin Office Space, Flexible Options
      901 Mopac Expy Southbuilduing 1 -, Austin, TX 78746
      View Details
    • $35 SF/Yr
      25,721 SF

      Austin Executive Office Space

      Prestigious Austin Office, Stunning Views
      260 Addie Roy Rd, Austin, TX 78746
      View Details
    • Contact for pricing
      1,000 SF

      Retail and Restaurant Space Available

      High-end retail and restaurant space in Bee Cave, Texas.
      12005 Bee Caves Rd, Austin, TX 78746
      View Details
    • Contact for pricing
      13,375 SF

      Office Space Near Zilker Park

      Office space with easy access to downtown and Zilker Park.
      2500 Bee Caves Rd, Austin, TX 78746
      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.
    3500 Capital Of Texas Hwy
    Austin, TX 78746-3370
    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.