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    3811 Harmon Ave Austin, TX 78751-4425
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    3811 Harmon Ave Austin, TX 78751-4425

    View on Map
    • Office buildings
    • 6,086 SF
    • 0.44 lot acres
    Off-Market
    Property ID
    US82-4602144
    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.
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stepping Stone School at Mueller/UT / Daycare Center

    Property Details for 3811 Harmon Ave

    Year built
    1982
    Lot size
    0.44 lot acres
    Property size
    6,086 SF
    Property type
    Office buildings
    APN
    217090710
    APU
    217090710

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $960,000
      Market price range: $255k - $1.22M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $790,000
      Current use
      AUTO REPAIR, GARAGE
      $875,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $765,000
      Change: -4% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $640,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7202
    Latitude
    30.2956
    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
    $52,885
    $1,044,175
    $1,955,825
    $3,000,000
    -
    $1,044,175
    $1,955,825
    $3,000,000

    Comparable in this City

    • Value Estimation
      $11,175,000
      61,348 SF

      4110 Guadalupe St

      OFFICE BUILDING • 61,348 SF
      4110 Guadalupe St, Austin, TX 78751-4223
      View Details
    • Value Estimation by Request
      1,380 SF

      506 42nd St

      OFFICE BUILDING • 1,380 SF
      506 42nd St, Austin, TX 78751-4208
      View Details
    • Value Estimation by Request
      1,800 SF

      404 51st St

      OFFICE BUILDING • 1,800 SF
      404 51st St, Austin, TX 78751-2007
      View Details
    • Value Estimation
      $800,000
      13,293 SF

      819 53rd 12th St

      OFFICE BUILDING • 13,293 SF
      819 53rd 12th St, Austin, TX 78751-1601
      View Details
    • Value Estimation by Request
      2,975 SF

      1014 53rd St

      OFFICE BUILDING • 2,975 SF
      1014 53rd St, Austin, TX 78751-2216
      View Details
    • Value Estimation by Request
      1,743 SF

      500 Park Blvd

      OFFICE BUILDING • 1,743 SF
      500 Park Blvd, Austin, TX 78751-4313
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Austin Land Near Mueller

      Centrally located land near Mueller development with utilities.
      4707 Harmon Ave, Austin, TX 78751
      View Details
    • $1,995,000
      3,900 SF

      Office and Retail Space Available

      3,900 SF office and retail space for sale.
      927 E 41St St, Austin, TX 78751
      View Details
    • Contact for pricing
      900 SF

      Office Space with Approved Site

      Office space for sale with approved development plans.
      1514 W Koenig Ln, Austin, TX 78751
      View Details
    • Contact for pricing

      Mueller Development Land Opportunity

      Development land in the heart of the Mueller Master Development.
      1601 E 51St St, Austin, TX 78751
      View Details
    • Contact for pricing

      Land Near IH-35 and ACC

      Commercial land with easy access to IH-35 and nearby amenities.
      946 E 51St St, Austin, TX 78751
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,071 SF

      Creative Standalone Building in Austin

      Unique office/retail space with high ceilings and outdoor area.
      5540 N Lamar Blvd, Austin, TX 78751
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    • Contact for pricing

      Medical Office Building For Lease

      Medical office building with exam rooms and waiting area.
      4400 Red River St, Austin, TX 78751
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    • $28 SF/Yr
      600 SF

      Austin Office Space: 600 SF NNN Lease

      Prime Austin office space, 600 sq ft, renovated 2023.
      927 E 41st St, Austin, TX 78751
      View Details
    • $23 SF/Yr
      3,434 SF

      Austin Freestanding Retail/Office Space

      Prime Hyde Park location, high visibility, 3,434 SF.
      4403 Guadalupe St, Austin, TX 78751
      View Details
    • Contact for pricing

      Retail Center with Signage Opportunities

      Neighborhood retail center with high traffic, near major landmarks.
      5307 Airport Blvd, Austin, TX 78751
      View Details
    • $14 SF/Yr
      1,164 SF

      Restored School Building with Amenities

      Unique office and retail spaces with modern amenities for lease.
      3908 Avenue B, Austin, TX 78751
      View Details
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    3811 Harmon Ave
    Austin, TX 78751-4425
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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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