Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7304 Twin Crst Dr Austin, TX 78752-2551
    Back to Search
    Property profile & analytics

    7304 Twin Crst Dr, Austin, TX 78752-2551

    View on Map
    • Apartment buildings
    • 11,451 SF
    • 0.47 lot acres
    Off-Market
    Property ID
    US82-0368262
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Crestview Place / Apartment Building

    Property Details for 7304 Twin Crst Dr

    Year built
    1972
    Construction
    WOOD FRAME
    Lot size
    0.47 lot acres
    Property type
    Apartment buildings
    APN
    231140814
    APU
    231140814

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2019 — Wb Ozarks LLC Bridgemark I LLC Venders Lien $1.3M · Sabal Capital II LLC
    Oct 31, 2016 — Bridgemark I LLC 7304 Twin Crest LLC Venders Lien $1M · Prosperity Bank
    Sep 11, 2015 — 7304 Twin Crest LLC Dias De Sol LLC Venders Lien $794k · Benchmark Bank
    May 25, 2011 — Dias De Sol LLC Norwood,rathers A SR Grant Deed —
    Aug 8, 2005 — Rathers A Norwood SR. Michael Mullin Venders Lien $313k · Kuhlmann Commercial Capital INC
    Dec 15, 2003 $431,874 Abn Amro Mortgage Group INC Ediae,raphael O & Joann Trustees Deed · related —
    Nov 1, 2001 — Raphael Ediae Pham,thuy Grant Deed $428k · Abn Amro Mortgage Group INC

    Description

    Crestview Place is a meticulously maintained, 14-unit apartment building located in Austin, Texas, at 7304 Twin Crest Dr, 78752. This stabilized, value-add multifamily investment opportunity boasts 11,550 net rentable square feet across a single, two-story building on a 0.464-acre lot (APN 232675). Currently operating at 86% occupancy (as of October 8, 2024), the property features significant recent upgrades. These include a new TPO roof, renovated courtyard, new signage and exterior lighting, a replaced 90-gallon hot water heater, and a renovated laundry room. Thirteen of the fourteen units have undergone interior renovations, showcasing faux wood flooring, stainless steel appliances, modern fixtures, and upgraded kitchens. The property is zoned MF-3-NP and offers convenient access to major roadways (I-35, Highway 183, Highway 290), Downtown Austin, The University of Texas, and The Domain. Its proximity to the Crestview Station (CapMetro Rail and bus transit) provides tenants with easy access to Austin's public transportation system. This fee-simple ownership presents a compelling investment opportunity in a desirable Austin neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7081
    Latitude
    30.3363
    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
    $39,576
    $709,485
    $1,466,205
    $2,175,690
    -
    $709,485
    $1,466,205
    $2,175,690

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      403 Irma Dr, Unit 2

      APARTMENT HOUSE (5+ UNITS)
      403 Irma Dr, Austin, TX 78752-4129
      View Details
    • Value Estimation
      $1,920,000
      246,675 SF

      112 Will Davis Dr

      APARTMENT HOUSE (100+ UNITS)
      112 Will Davis Dr, Austin, TX 78752-3556
      View Details
    • Value Estimation
      $3,730,000
      179,670 SF

      7400 Lamar Blvd

      APARTMENT HOUSE (100+ UNITS)
      7400 Lamar Blvd, Austin, TX 78752-2469
      View Details
    • Value Estimation
      $3,485,000
      145,692 SF

      7200 Lamar Blvd

      APARTMENT HOUSE (100+ UNITS)
      7200 Lamar Blvd, Austin, TX 78752
      View Details
    • Value Estimation by Request
      21,420 SF

      6408 Burns St

      APARTMENT HOUSE (5+ UNITS)
      6408 Burns St, Austin, TX 78752-4069
      View Details
    • Value Estimation
      $2,800,000
      235,337 SF

      7610 Cameron Rd

      APARTMENT HOUSE (100+ UNITS)
      7610 Cameron Rd, Austin, TX 78752-2014
      View Details

    Similar Nearby for Sale

    • $649,000

      Remodeled Fourplex in Prime Austin

      Fully remodeled fourplex suitable for various rental strategies.
      301 E Croslin St, Austin, TX 78752
      View Details
    • $425,000
      0.28 Acres

      Austin Land in St. Johns

      Prime lot in St. Johns neighborhood, ideal for development.
      7109 Bennett Ave, Austin, TX 78752
      View Details
    • Contact for pricing
      1,093,363 SF

      Austin Office Campus For Sale

      Two-building office campus in Austin, Texas, near I-35.
      7715-7745 Chevy Chase Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      16,000 SF

      Renovated Office Space in Austin

      Prime Austin location near transit, restaurants, and entertainment.
      500 Pampa Dr, Austin, TX 78752
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,700 SF

      Retail Space in Luxury Apartments

      Retail space available in luxury apartment building near ACC Highland.
      112 Will Davis Dr, Austin, TX 78752
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,400 square feet.
      7600 N Lamar Blvd, Austin, TX 78752
      View Details
    • Contact for pricing
      3,439 SF

      Prime Office Space in Austin

      Office space with excellent access and parking in Austin, TX.
      6300 La Calma Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      9,044 SF

      Two-Story Office/Warehouse Building For Rent

      Two-story office/warehouse building with showroom, workshop, and fenced shipping.
      705 Wallingford Bend Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      61,537 SF

      North Central Office Space Available

      Office building with excellent access and on-site management.
      7600 Chevy Chase Dr, Austin, TX 78752
      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.
    7304 Twin Crst Dr
    Austin, TX 78752-2551
    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

    Thank You for Inquiry
    7304 Twin Crst Dr, Austin, TX, 78752
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!