Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4505 Martin Luther King Jr Blvd, Unit A Austin, TX 78721-1356

    • Industrial properties
    • 1,160 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    4.5%
    Industrial properties
    Location Intelligence
    Property ID
    US83-0118668
    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.

    Current Use by Public Records

    • Willie's Bar-B-Que / Barbecue Restaurant

    Property Details for 4505 Martin Luther King Jr Blvd

    Year built
    2016
    Lot size
    0.08 lot acres
    Property size
    1,160 SF
    Property type
    Industrial properties
    APN
    212200910
    APU
    212200910

    Description

    This exceptional Austin, Texas property, located at 4505 E Martin Luther King Jr Blvd, offers two available retail condos totaling 1,160 to 1,163 square feet each. Situated in a Class B building constructed in 2019, these versatile spaces are perfect for creative office, retail, or live/work arrangements. The units are easily combinable for a total of 2,323 square feet, providing significant expansion potential. Located in Travis County, with a GR-MU zoning designation, the property boasts six total parking spaces and is conveniently situated near Springdale. The building features accessible design, making it an attractive option for a wide range of businesses. This prime East Austin location offers high visibility and access to a thriving community, presenting a smart investment opportunity in a rapidly growing market. The property's adaptability and location make it an ideal choice for entrepreneurs seeking a flexible and high-return investment. Don't miss this chance to secure a foothold in one of Austin's most dynamic neighborhoods. The minimum divisible space is 1,160 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $175,000
      6.5%
      $160,000
      7%
      $150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6842
    Latitude
    30.2853
    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
    $0.00
    $90,382
    $516,883
    $607,265
    -
    $90,382
    $516,883
    $607,265

    Comparable in this City

    • Value Estimation
      $620,000
      25,127 SF

      6004 Techni Ctr Dr

      HEAVY INDUSTRIAL • 25,127 SF
      6004 Techni Ctr Dr, Austin, TX 78721-2323
      View Details
    • Value Estimation
      $415,000
      24,000 SF

      3719 Axel Ln

      HEAVY INDUSTRIAL • 24,000 SF
      3719 Axel Ln, Austin, TX 78721-2917
      View Details
    • Value Estimation by Request
      28.51 Acres

      3443 Ed Bluestein Blvd

      INDUSTRIAL (GENERAL) • 28.51 Acres
      3443 Ed Bluestein Blvd, Austin, TX 78721-2912
      View Details
    • Value Estimation
      $240,000
      1,163 SF

      4505 Martin Luther King Jr Blvd, Unit C

      INDUSTRIAL (GENERAL) • 1,163 SF
      4505 Martin Luther King Jr Blvd, Austin, TX 78721-1356
      View Details
    • Value Estimation by Request
      520 SF

      6504 Wilcab Rd

      Distribution properties • 520 SF
      6504 Wilcab Rd, Austin, TX 78721
      View Details
    • Value Estimation
      $700,000
      25,827 SF

      5910 Techni Ctr Dr

      HEAVY INDUSTRIAL • 25,827 SF
      5910 Techni Ctr Dr, Austin, TX 78721-2351
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      520 SF

      East Austin Warehouse Investment

      High-demand industrial warehouse, great location.
      6504 Wilcab Rd, Austin, TX 78721
      View Details
    • $2,500,000

      East Austin Storage Facility Opportunity

      Storage facility in growing area with potential for various uses.
      6108 Hudson St, Austin, TX 78721
      View Details
    • $3,500,000
      2,012 SF

      Redeveloped C-Store on Hard Corner

      Redeveloped C-Store with new fuel tanks and pumps.
      4611 E Martin Luther King Jr Blvd, Austin, TX 78721
      View Details
    • $3,900,000

      Austin Land for Development

      1.614 acre property zoned IP-NP with development opportunities.
      6303 Wilcab Rd, Austin, TX 78721
      View Details
    • $650,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
      1148 Gunter St, Austin, TX 78721
      View Details
    • $1,400,000

      Entitled Development Site in Austin

      Unconstructed development site with permits in hand, opportunity zone.
      6011 Bolm Rd, Austin, TX 78721
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,600 SF

      Austin Industrial Space for Lease

      49,600 SF Manufacturing/Flex Space
      845 Interchange Blvd, Austin, TX 78721
      View Details
    • Contact for pricing
      53,482 SF

      East Austin Industrial Flex Space

      High-demand flex space, ample parking.
      4100 Ed Bluestein Blvd, Austin, TX 78721
      View Details
    • $19 SF/Yr
      6,516 SF

      New Flex Space in Austin

      New flex space with mezzanine in strategic East Austin location.
      6001 Wilcab Rd, Austin, TX 78721
      View Details
    • $3,500 /Mo

      Commercial Storage Yard in Austin

      Centrally located storage yard in East Austin for lease.
      5904 Harold Ct, Austin, TX 78721
      View Details
    • Contact for pricing
      9,541 SF

      Warehouse Space Available For Rent

      9,541 square foot warehouse space available for rent.
      5910 Techni Center Dr, Austin, TX 78721
      View Details
    • Contact for pricing
      53,293 SF

      Austin Warehouse Space Available

      Modern Austin warehouse, flexible space options.
      6001 Techni Center Dr, Austin, TX 78721
      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.
    4505 Martin Luther King Jr Blvd, Unit A
    Austin, TX 78721-1356
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.