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

    3503 Wild Cherry Dr Ste, Unit 8 Austin, TX 78738-1822

    • Office Properties & Spaces
    • 4,355 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Oct 09, 2020
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5837934
    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 3503 Wild Cherry Dr Ste

    Year built
    2020
    Lot size
    0.62 lot acres
    Property size
    4,355 SF
    Property type
    Office Properties & Spaces
    APN
    127730506
    APU
    127730506

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $655,000
      Market price range: $222k - $915k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $610,000
      Current use
      AUTO REPAIR, GARAGE
      $625,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.9737
    Latitude
    30.3306
    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
    $28,201
    $542,878
    $1,256,883
    $1,799,761
    -
    $542,878
    $1,256,883
    $1,799,761

    Comparable in this City

    • Value Estimation by Request
      11,012 SF

      12600 Hill Country Blvd

      Office space • 11,012 SF
      12600 Hill Country Blvd, Bee Cave, TX 78738
      View Details
    • Value Estimation by Request
      3,700 SF

      71 State Hwy

      Medical offices • 3,700 SF
      71 State Hwy, Austin, TX 78738
      View Details
    • Value Estimation by Request
      8,600 SF

      5029 Vail Dv

      Restaurants • 8,600 SF
      5029 Vail Dv, Austin, TX 78738
      View Details
    • Value Estimation
      $305,000
      1,792 SF

      3821 Juniper Trce Ste, Unit 106

      CONDOMINIUM OFFICES • 1,792 SF
      3821 Juniper Trce Ste, Austin, TX 78738-5514
      View Details
    • Value Estimation
      $360,000
      1,828 SF

      14001 Bee Cave Pkwyb-400

      CONDOMINIUM OFFICES • 1,828 SF
      14001 Bee Cave Pkwyb-400, Austin, TX 78738-7172
      View Details
    • Value Estimation
      $285,000
      1,111 SF

      3821 Juniper Trce Ste, Unit 104

      CONDOMINIUM OFFICES • 1,111 SF
      3821 Juniper Trce Ste, Austin, TX 78738-5514
      View Details

    Similar Nearby for Sale

    • $950,000
      2,383 SF

      Bee Cave Office Condo for Sale

      Upscale office condo, prime Bee Cave location.
      3821 Bee Cave Tx 78738, Bee Cave, TX 78738
      View Details
    • Contact for pricing
      22,703 SF

      Bee Cave Road Office Building

      Single-tenant office building in high demographic area.
      11402 Fm 2244 Rd, Austin, TX 78738
      View Details
    • $1,550,000
      1,336 SF

      Office Space Near Hamilton Pool

      Office space with ample parking in high-growth area.
      14601 Highway 71 W, Austin, TX 78738
      View Details
    • $750,000
      2,000 SF

      Hamilton Pool Road Commercial Land

      Shovel-ready land for retail and office development.
      15814 Hamilton Pool Rd, Austin, TX 78738
      View Details
    • $995,000

      Land For Sale in Austin

      Land available for purchase in Austin, Texas.
      8208 Bellancia Dr, Austin, TX 78738
      View Details
    • $1,800,000

      Hard Corner Lot For Sale

      Hard corner lot suitable for retail, office, or medical use.
      5029 Vail Dv, Austin, TX 78738
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,218 SF

      Austin Office Suite - 2,218 SF

      Prime Austin office space available for lease.
      2951 RR 620 S, Austin, TX 78738
      View Details
    • Contact for pricing
      7,661 SF

      Bee Cave Executive Office Space

      7,661 SF Office Building Available
      3809 Juniper Trce, Bee Cave, TX 78738
      View Details
    • Contact for pricing
      12,050 SF

      Prime Austin Office Space Available

      Class A Office, 12,050 SF, Bee Cave
      3805 Juniper Trce, The Hills, TX 78738
      View Details
    • Contact for pricing
      3,671 SF

      Two-Story Office Building in Austin

      Two-story office building with surface and covered parking available.
      2508 Ashley Worth Blvd, Austin, TX 78738
      View Details
    • $20 SF/Yr
      2,218 SF

      Office Space for Rent

      Office space with adequate parking and great amenities nearby.
      2951 S Ranch Road 620, Austin, TX 78738
      View Details
    • Contact for pricing
      2,383 SF

      Bee Cave Office Space Available

      Office space for lease in Bee Cave, Texas.
      3821 Juniper Trce, Bee Cave, TX 78738
      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.
    3503 Wild Cherry Dr Ste, Unit 8
    Austin, TX 78738-1822
    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.