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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3800 Lamar Blvd Austin, TX 78756

    • Office buildings
    • 172,097 SF
    • 2.69 lot acres
    For Lease
    View listing
    $93 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3202264
    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

    • Snooze, an A.M. Eatery / Breakfast Restaurant / Bar
    • LURE by Y&F / Women'S Clothing Store / Gift Shop
    • Code Blue / Video Production Service / Marketing Consultant
    • Architectural Engineers Collaborative (AEC) / Structural Engineer
    • Alpine Roofing Construction / Construction Company / Roofing Contractor

    Property Details for 3800 Lamar Blvd

    Year built
    2015
    Construction
    CONCRETE
    Lot size
    2.69 lot acres
    Property size
    172,097 SF
    Property type
    Office buildings
    APN
    221021115
    APU
    221021115

    Description

    This Class A, 18,326 square foot office building, renovated in 2019, is located at 3800 North Lamar Blvd Suite 200, Austin, TX 78756, in Travis County. The property offers a variety of workspace options, including executive suites, coworking spaces, and creative offices, catering to businesses of all sizes. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,970 square feet are available. The building features convenient amenities such as elevators. Its central Austin location provides easy access to the vibrant "Drag" district, offering diverse dining options. The property is ideally situated within Austin's dynamic medical community, offering a prestigious address and a collaborative coworking area. Tenancy is multiple, allowing for flexible lease arrangements. Available spaces are fully furnished and equipped, with options ranging from serviced offices to custom solutions, including disaster recovery spaces and day offices. A benefits program offering exclusive discounts and procurement support is also available to tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $24,597,000
      Market price range: $17.5M - $47.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7433
    Latitude
    30.306
    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
    $1,488,196
    $14,053,680
    $52,786,961
    $66,840,641
    -
    $14,053,680
    $52,786,961
    $66,840,641

    Comparable in this City

    • Value Estimation
      $545,000
      4,406 SF

      1911 Koenig Ln

      OFFICE BUILDING • 4,406 SF
      1911 Koenig Ln, Austin, TX 78756
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    • Value Estimation by Request
      1,234 SF

      Hancock Dr

      OFFICE BUILDING • 1,234 SF
      Hancock Dr, Austin, TX 78756
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    • Value Estimation
      $725,000
      7,769 SF

      4105 Medical Pkwy

      OFFICE BUILDING • 7,769 SF
      4105 Medical Pkwy, Austin, TX 78756-3725
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    • Value Estimation by Request
      1,872 SF

      4411 Medical Pkwy

      OFFICE BUILDING • 1,872 SF
      4411 Medical Pkwy, Austin, TX 78756-3313
      View Details
    • Value Estimation
      $595,000
      7,769 SF

      4212 Medical Pkwy

      OFFICE BUILDING • 7,769 SF
      4212 Medical Pkwy, Austin, TX 78756-3337
      View Details
    • Value Estimation
      $1,705,000
      8,509 SF

      3906 Lamar Blvd

      OFFICE BUILDING • 8,509 SF
      3906 Lamar Blvd, Austin, TX 78756-4025
      View Details

    Similar Nearby for Sale

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      Charming office or home in the Brentwood section of Austin.
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    Similar Nearby for Lease

    • $36 SF/Yr
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      Burnet Road Single-Tenant Office Building

      Single-tenant office building with private parking and outdoor patio.
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    • $60 SF/Yr
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      Central Austin Office Space Available

      Modern office suites, 150-300 sq ft.
      1504 Koenig Ln, Austin, TX 78756
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      2,650 SF

      Retail and Office Space Available

      Retail and office spaces with great visibility on Burnet Road.
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    • Contact for pricing
      3,273 SF

      Prime Austin Office Suites

      Executive & Medical Offices Available
      3906 Lamar Blvd, Austin, TX 78756
      View Details
    • $29 SF/Yr
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      Austin Medical Office Space

      Prime Austin location, flexible suites.
      4107 Medical Pkwy, Austin, TX 78756
      View Details
    • $93 SF/Yr
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      Austin Office Space: Lamar Central

      Prestigious Austin office suites, coworking
      3800 Lamar Blvd, Austin, TX 78756
      View Details
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    3800 Lamar Blvd
    Austin, TX 78756
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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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