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

    3507 Lamar Blvd Austin, TX 78705-1108

    • Office buildings
    • 18,862 SF
    • 1.45 lot acres
    OFF-MARKET
    Value Estimations
    $3,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2809421
    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

    • Mohammed Kaleel, MD - Stanford Children's Health / Pediatrician / Doctor
    • Austin Cosmetic Dermatologist / Skin Care Clinic
    • Service Solutions, Inc. / Accounting Firm
    • ServiceBiz360 / Accounting Firm
    • alltwear / Clothing Store

    Property Details for 3507 Lamar Blvd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    1.45 lot acres
    Property size
    18,862 SF
    Property type
    Office buildings
    APN
    218030734
    APU
    218030734

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,623,000
      Market price range: $933k - $3.67M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,390,000
      Current use
      AUTO REPAIR, GARAGE
      $2,705,000
      Change: +13% Conversion: Difficult
      RESTAURANT
      $2,585,000
      Change: +8% Conversion: Moderate
      RETAIL STORES
      $2,255,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7436
    Latitude
    30.3034
    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
    $7,564,920
    $3,655,183
    $11,220,103
    -
    $7,564,920
    $3,655,183
    $11,220,103

    Comparable in this City

    • Value Estimation
      $880,000
      17,368 SF

      2815 San Gabriel St

      OFFICE BUILDING • 17,368 SF
      2815 San Gabriel St, Austin, TX 78705-3512
      View Details
    • Value Estimation
      $1,915,000
      44,365 SF

      2905 San Gabriel St

      OFFICE BUILDING • 44,365 SF
      2905 San Gabriel St, Austin, TX 78705-3500
      View Details
    • Value Estimation by Request
      2,773 SF

      608 22nd St

      OFFICE BUILDING • 2,773 SF
      608 22nd St, Austin, TX 78705-5116
      View Details
    • Value Estimation by Request
      8,452 SF

      600 28th St

      OFFICE BUILDING • 8,452 SF
      600 28th St, Austin, TX 78705-3700
      View Details
    • Value Estimation by Request
      3,680 SF

      712 34th St

      OFFICE BUILDING • 3,680 SF
      712 34th St, Austin, TX 78705-1205
      View Details
    • Value Estimation by Request
      3,538 SF

      2104 Nueces St

      OFFICE BUILDING • 3,538 SF
      2104 Nueces St, Austin, TX 78705-5509
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,615 SF

      Guadalupe Street Commercial Property

      Commercial property suitable for retail, office, or restaurant uses.
      3404 Guadalupe St, Austin, TX 78705
      View Details
    • $4,500,000
      3,812 SF

      Historic Austin Property with Development Potential

      Historic property in West Campus with development and investment opportunities.
      2404 Rio Grande St, Austin, TX 78705
      View Details
    • Contact for pricing

      Multifamily Development Site Near UT

      Development site near University of Texas at Austin's downtown campus.
      2103 Nueces St, Austin, TX 78705
      View Details
    • $443,900

      Austin Condo Near UT

      Two-level condo with pool access, near UT and Loop 1.
      2502 Leon St, Austin, TX 78705
      View Details
    • $249,000

      West Campus Condo Near UT

      Two-bedroom, two-bath condo near UT with updated kitchen.
      803 W 28Th St, Austin, TX 78705
      View Details
    • $1,699,000

      Austin Multi-Unit Investment Opportunity

      Multi-unit property near UT campus with redevelopment potential.
      3208 Duval St, Austin, TX 78705
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,729 SF

      Office Space Available for Rent

      Office space available for rent in Austin, TX.
      2520 Longview St, Austin, TX 78705
      View Details
    • $32 SF/Yr
      1,288 SF

      Medical Office Space Available

      Dental office space for rent near the heart of Austin.
      2911 Medical Arts St, Austin, TX 78705
      View Details
    • Contact for pricing
      1,236 SF

      Office Space Available For Rent

      Office space available for rent at 1301 W 38th St, Austin.
      1301 W 38Th St, Austin, TX 78705
      View Details
    • $52 SF/Yr
      13,694 SF

      Austin Executive Suites at Dobie

      Modern Austin Office Space, Flexible Terms
      2021 Guadalupe St, Austin, TX 78705
      View Details
    • Contact for pricing
      3,390 SF

      Medical Office Space Near Hospital

      Located in the Central Medical Micro-Market near Ascension Seton.
      1600 W 38Th St, Austin, TX 78705
      View Details
    • Contact for pricing
      1,960 SF

      Corner Office Space For Rent

      Corner office space for rent, easy access to Lamar Blvd.
      2500 Longview St, Austin, TX 78705
      View Details

    Property Visit Statistics

    • Visits by month
      20.1k
    • Visitors by month
      5.6k
    • Avg Time on site
      16 min
    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.
    3507 Lamar Blvd
    Austin, TX 78705-1108
    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.