300 Irma, Austin, TX 78752
For Sale
$429,900
Residential land & home lots
Property Size1,280 SF
Price / SF$335.86
Days on Market244
Property Features for 300 Irma
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Clay Byrne · License TX #469701
(512) 942-7880
Source:
Triplelrealty
Added: Mar 12
Changed: Nov 8
Last Checked: Nov 9 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,909
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,180
$378.2K
Cap Rate 7%
$270,129
$270.1K
Cap Rate 9%
$210,100
$210.1K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$28.4K $22.20/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$27.0K $21.10/SF
− OpEx
−$8.1K −$6.33/SF
NOI
$18.9K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,180
Cap Rate 7%
$270,129
Cap Rate 9%
$210,100
Alternative Uses
Best Use
Multifamily LT 5
$270.1K
$236.4K – $315.2K
NOI $18,909 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$248.3K
$217.2K – $289.7K
NOI $17,379 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$501.6K
$438.9K – $585.2K
NOI $35,111 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
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Business Placement
Demographics for 78752, TX
19,289
Population
10,929
Households
1.8
Avg Household Size
33
Median Age
45%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
5,845
Density / Sq Mi
$66,404
Median Household Income
$38,805
Median Earnings
$1,445
Median Rent
$361,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 300 Irma Austin, TX.
What is the asking price?
The asking price for this property is $429,900.
