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

    2500 William Cannon Dr, Unit 602 Austin, TX 78745-5257

    • Office Properties & Spaces
    • 401 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Jul 21, 2023
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    2.4%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US82-5285026
    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

    • Austin Area Birthing Center / Birth Center / Midwife
    • Dr. Jeannie M. Moody, DMD / Orthodontist
    • Austin Implants & Periodontics / Periodontist / Dental Implants Periodontist
    • Dentalsaurus / Pediatric Dentist
    • Pearson & Cmerek, PC / Certified Public Accountant / Accountant

    Property Details for 2500 William Cannon Dr

    Year built
    2010
    Lot size
    0.05 lot acres
    Property size
    401 SF
    Property type
    Office Properties & Spaces
    APN
    415191837
    APU
    415191837

    Description

    This exceptional executive office building, constructed in 2010 and renovated in 2016, offers a prime investment opportunity in Austin, Texas. Located at 2500 W William Cannon Dr, zip code 78745, this two-story building encompasses 4,000 square feet and features four suites, with 733 square feet currently vacant. The minimum leasable space is 1 square foot, while the maximum contiguous space available is 390 square feet. The building boasts twelve standard offices, three executive suites, two conference rooms, a spacious reception area, two kitchens, a dedicated workroom, and an IT storage room. Modern amenities include three programmable thermostats, two high-efficiency (14 SEER) HVAC systems, keyless touchpad entry, and motion-detecting light switches. The property's APN is 04151918420000. This versatile property is ideal for an end-user seeking to occupy a portion of the building while generating income by leasing the remaining space to established tenants. The building's modern features and convenient location make it an attractive option for a variety of businesses. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Austin market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.812
    Latitude
    30.2061
    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
    $3,287
    $20,106
    $177,782
    $197,888
    -
    $20,106
    $177,782
    $197,888

    Comparable in this City

    • Value Estimation
      $400,000
      5,176 SF

      804 Saint Elmo Rd, Unit F-1

      CONDOMINIUM OFFICES • 5,176 SF
      804 Saint Elmo Rd, Austin, TX 78745
      View Details
    • Value Estimation by Request
      1,965 SF

      4409 Menchaca Rd

      Medical offices • 1,965 SF
      4409 Menchaca Rd, Austin, TX 78745
      View Details
    • Value Estimation by Request
      6,300 SF

      4510 Terry-O Ln

      Restaurants • 6,300 SF
      4510 Terry-O Ln, Austin, TX 78745
      View Details
    • Value Estimation
      $275,000
      1,041 SF

      2501 William Cannon Dr, Unit 602

      CONDOMINIUM OFFICES • 1,041 SF
      2501 William Cannon Dr, Austin, TX 78745-5281
      View Details
    • Value Estimation
      $325,000
      1,591 SF

      2500 William Cannon Dr Ste, Unit 101

      CONDOMINIUM OFFICES • 1,591 SF
      2500 William Cannon Dr Ste, Austin, TX 78745-5287
      View Details
    • Value Estimation
      $335,000
      1,555 SF

      2500 William Cannon Dr Ste, Unit 306

      CONDOMINIUM OFFICES • 1,555 SF
      2500 William Cannon Dr Ste, Austin, TX 78745-5289
      View Details

    Similar Nearby for Sale

    • $5,995,000
      16,551 SF

      Austin Retail Investment Opportunity

      High-Income Retail Property, 16,551 SF
      4900 1St St, Austin, TX 78745
      View Details
    • $1,850,000
      1,375 SF

      Austin Medical Office Investment

      Prime South Austin Medical Office Space
      2500 William Cannon 305, Austin, TX 78745
      View Details
    • Contact for pricing
      2,500 SF

      South Lamar Medical Office Condos

      Austin medical office condos, below market
      4544 Lamar Blvd, Austin, TX 78745
      View Details
    • Contact for pricing
      20,340 SF

      South Congress Flex Building Opportunity

      20,340 SF flex building on 1.142 acres in Austin.
      4719 S Congress Ave, Austin, TX 78745
      View Details
    • $600,000

      Medical Office Near Ben White

      1,965 SF medical office space near Ben White Blvd.
      4409 Menchaca Rd, Austin, TX 78745
      View Details
    • $900,000

      Medical Condo Near St. David's

      Medical condo near St. David's Hospital, available September 2025.
      4207 James Casey St, Austin, TX 78745
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      77,732 SF

      Austin Executive Office Space

      Class A Office Suites in Southwest Austin
      7500 Rialto Blvd, Austin, TX 78745
      View Details
    • $33 SF/Yr
      11,815 SF

      Austin Executive Office Campus

      11,815 SF Available, Ten Buildings
      1005 Saint Elmo Rd, Austin, TX 78745
      View Details
    • $15 SF/Yr
      8,919 SF

      Stassney Park Executive Suites

      Austin Office Space: 643-2170 SF
      1806 Stassney Ln, Austin, TX 78745
      View Details
    • $27 SF/Yr
      3,405 SF

      Austin Office/Retail Space Available

      High-end, modern office space in prime South Austin location.
      5621 Emerald Forest Dr, Austin, TX 78745
      View Details
    • $30 SF/Yr
      30,028 SF

      Austin Executive Office Suites

      Class A Office Space, Multiple Suites Available
      4401 Gate Blvd, Austin, TX 78745
      View Details
    • $30 SF/Yr

      Professional Office Space Available

      Office space suitable for medical, legal, or professional services.
      2500 B, Austin, TX 78745
      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.
    2500 William Cannon Dr, Unit 602
    Austin, TX 78745-5257
    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.