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    Freestanding Auto Parts Retail Space Title is generated by Realmo AI

    3110 S Lamar Blvd, Austin, TX 78704

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    For Sale
    $2,400,000

    Single tenant retail space in a high-traffic Austin location.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 10:07 pm

    Property Features for 3110 S Lamar Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Dominic Shamany

    Listing agent Dominic Shamany License #MI #6506047766

    Listing office

    Listing date Mar 6, 2026

    Source Legacycrea

    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 Dominic Shamany

    HighLights

    • Absolute NNN Lease Structure - 0 Landlord Responsibilities
    • National Grade Tenant - AAP - Standard & Poor's Credit Rating; "BBB-"
    • High Traffic Counts - Over 40,000 vehicles pass the site daily on S Lamar Blvd
    • Affluent Surrounding Area - Average household income exceeds $111,800 within 1 mile
    • Strong Demos - Over 16,800 people reside within 1 mile
    • Situated in Great Retail Corridor - Surrounded by Major Retailers

    Overview

    This single-tenant, free-standing building is occupied by Advance Auto Parts. The property is located within minutes of St David South Austin Hospital and a 10-minute drive to downtown Austin. The surrounding area has strong demographics, with over 16,800 residents within a 1-mile radius. Situated in a retail corridor surrounded by major retailers, the location benefits from high traffic counts, with over 40,000 vehicles passing daily on S Lamar Blvd. The surrounding area is affluent, with an average household income exceeding $111,800 within a 1-mile radius. The lease structure is absolute NNN, with zero landlord responsibilities. The tenant, AAP, is a national grade tenant with a Standard & Poor's credit rating of "BBB-". The Austin MSA is ranked #28 in the U.S.A. Tesla Cyber Truck Headquarters is to be located in Austin, TX. Projected population growth within a 1-mile radius of the site is +7.70% in the next 5 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store RBFCU - Seton Credit Union RBFCU - ATM Atm UPS Access Point ... Courier Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Urban's Best Towing Service — 1338 Lamar Square Dr, Austin, TX 78704
    • Pennzoil — austin, tx 78704
    • Caliber Collision — 1804 S Lamar Blvd, Austin, TX 78704
    • Mobile Mechanic Austin — 1416 S Congress Ave, Austin, TX 78704
    • Mother's Window Tint — 1904 S Lamar Blvd, Austin, TX 78704

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.7847
    Latitude
    30.2423

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    FAQs

    What type of property is this?
    Auto shop - Single tenant retail space in a high-traffic Austin location.
    Where is this auto shop located?
    The property is located at 3110 S Lamar Blvd Austin, TX.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Absolute NNN Lease Structure - 0 Landlord Responsibilities; National Grade Tenant - AAP - Standard & Poor's Credit Rating; "BBB-"; High Traffic Counts - Over 40,000 vehicles pass the site daily on S Lamar Blvd
    (248) 450-3259
    We can help!
    Listing Contact
    Dominic Shamany
    Real Estate License ID: MI #6506047766
    Learn More
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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.

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