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    West Campus Renovated Condo Unit Title is generated by Realmo AI

    914 W 22nd 1/2 Street #304, Austin, TX 78705

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    For Sale
    $269,900

    Renovated 1-bedroom condo near UT campus, leased through 2025.

    Type:Condominium
    Property size:
    655 SF
    Price / SF:
    $412/SF
    Added:
    Aug 6, 2025
    Days on Market:
    301
    Last Refresh:
    May 19 at 10:32 pm

    Property Features for 914 W 22nd 1/2 Street #304

    General Information

    Standard status
    Active
    Size
    655 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    (512) 344-6000
    (512) 344-6000

    Listing agent (512) 344-6000 License #0587027

    Listing office AustinRealEstate.com

    Listing date Aug 6, 2025

    Source Kw

    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 AustinRealEstate.com

    HighLights

    • Top‑floor corner unit in the heart of West Campus with 1 parking spot.
    • Recently renovated with updated kitchen and bath featuring stainless steel appliances.
    • Currently leased for $1,650/month, offering immediate rental income potential or option to occupy after lease ends.
    • Spacious primary bedroom with two closets and two Juliette balconies.
    • Laminate wood and hard tile flooring throughout (no carpet).
    • Conveniently located near UT campus with easy access to transportation (shuttle, E‑Bus).

    Overview

    This recently renovated top-floor corner unit is located in the heart of West Campus and includes one parking spot. The property features one bedroom and one bathroom. The primary bedroom is spacious and includes two closets. Two Juliette balconies are located in the bedroom and living room. The kitchen and bath have been updated with stainless steel appliances. Laminate wood and hard tile flooring are present throughout the home, with no carpet. Additional updates include the removal of popcorn ceilings, recessed lighting, recent interior paint, and a stackable washer and dryer in the unit. The property is currently occupied at $1650 per month through December 31, 2025. The property is conveniently located near the UT campus, with the West Campus shuttle and E-Bus providing easy access to class and free weekend rides downtown. The property size is 655 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -97.747602
    Latitude
    30.286613

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    FAQs

    What type of property is this?
    Apartment building - Renovated 1-bedroom condo near UT campus, leased through 2025.
    Where is this apartment building located?
    The property is located at 914 W 22nd 1/2 Street #304 Austin, TX.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Top‑floor corner unit in the heart of West Campus with 1 parking spot.; Recently renovated with **updated kitchen and bath featuring stainless steel appliances.**; Currently leased for $1,650/month, offering immediate rental income potential or option to occupy after lease ends.
    (512) 344-6000
    We can help!
    Listing Contact
    (512) 344-6000
    (512) 344-6000
    Real Estate License ID: 0587027
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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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