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    Property profile & analytics

    3515 Convict Hl Rd Austin, TX 78749-2521

    • Office buildings
    • 3,208 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3878398
    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

    • Children's Discovery Center South / Preschool

    Property Details for 3515 Convict Hl Rd

    Year built
    1968
    Construction
    WOOD FRAME
    Lot size
    0.71 lot acres
    Property size
    3,208 SF
    Property type
    Office buildings
    APN
    416230404
    APU
    416230404

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $272,000
      Market price range: $119k - $520k

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8331
    Latitude
    30.211
    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
    $11,901
    $309,276
    $567,778
    $877,054
    -
    $309,276
    $567,778
    $877,054

    Comparable in this City

    • Value Estimation
      $595,000
      192,036 SF

      3700 Convict Hl Rd

      OFFICE BUILDING • 192,036 SF
      3700 Convict Hl Rd, Austin, TX 78749-2526
      View Details
    • Value Estimation by Request
      7,500 SF

      4625 William Cannon Dr Ste, Unit 6

      OFFICE BUILDING • 7,500 SF
      4625 William Cannon Dr Ste, Austin, TX 78749-2341
      View Details
    • Value Estimation
      $440,000
      10,686 SF

      5501 William Cannon Dr

      OFFICE BUILDING • 10,686 SF
      5501 William Cannon Dr, Austin, TX 78749-2034
      View Details
    • Value Estimation
      $225,000
      5,005 SF

      Brodie Lnc

      OFFICE BUILDING • 5,005 SF
      Brodie Lnc, Austin, TX 78749
      View Details
    • Value Estimation
      $775,000
      44,952 SF

      3701 Slaughter Ln

      OFFICE BUILDING • 44,952 SF
      3701 Slaughter Ln, Austin, TX 78749-5902
      View Details
    • Value Estimation
      $865,000
      441,209 SF

      4103 Slaughter Ln

      OFFICE BUILDING • 441,209 SF
      4103 Slaughter Ln, Austin, TX 78749-6953
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,409 SF

      South Austin Medical Office Building

      Prime Medical Office, Austin, TX
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      Southwest Austin Office Condo For Sale

      Move-in ready office condo, prime location.
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    • Contact for pricing
      3,698 SF

      Medical Office Space Available

      Tenant-occupied medical office space with ground-level access for sale.
      5920 W William Cannon Dr, Austin, TX 78749
      View Details
    • $1,100,000
      2,251 SF

      Old Fredericksburg Rd Medical Office

      Austin Medical Office: High ROI, NNN Lease
      5901 Old Fredericksburg Rd, Austin, TX 78749
      View Details
    • $985,000
      84,942.00 Acres

      Austin Land: Prime Development Opportunity

      Shovel-ready, 2+ acre Austin site
      6110 Hill Forest Dr, Austin, TX 78749
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    • $965,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
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    Similar Nearby for Lease

    • Contact for pricing
      37,500 SF

      Class A Office Space Available

      Class A office space for rent in Austin, Texas.
      3800 Ben Garza Ln, Austin, TX 78749
      View Details
    • $950 /Mo

      Office Space Available For Rent

      Office space for rent at $11 per square foot.
      6012 W William Cannon Dr, Austin, TX 78749
      View Details
    • $29 SF/Yr
      1,541 SF

      Office Space with Lobby Signage

      18,080 SF office space with monument and lobby signage.
      5000 Davis Ln, Austin, TX 78749
      View Details
    • $38 SF/Yr
      147,065 SF

      Garza Ranch Executive Offices

      Austin Office Space: 34,065 - 38,097 SF Available
      6316 Legado Ln, Austin, TX 78749
      View Details
    • $29 SF/Yr
      25,750 SF

      Austin Office/Retail Investment Opportunity

      South Austin multi-tenant complex, high visibility
      6001 William Cannon Dr, Austin, TX 78749
      View Details
    • $30 SF/Yr
      13,648 SF

      Medical/Office Space Available For Rent

      Sublease opportunity with potential for co-location and investment.
      5200 Davis Ln, Austin, TX 78749
      View Details
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    3515 Convict Hl Rd
    Austin, TX 78749-2521
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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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