Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    517 Service Rd Austin, TX 78701
    Back to Search
    Property profile & analytics

    517 Service Rd Austin, TX 78701

    View on Map
    • Land
    • 0.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 517 Service Rd

    Lot size
    0.12 lot acres
    Property type
    Land

    Description

    This exceptional 0.119-acre commercial land parcel is situated at the highly visible corner of 6th and I-35 Service Road in Austin, Texas, zip code 78701. Located in Travis County, this property presents a unique opportunity for developers seeking a prime location for a mixed-use project. The site's strategic location offers unparalleled visibility and accessibility, making it ideal for a variety of commercial ventures. Potential uses could include ground-level retail space, complemented by upper-level office spaces, residential units, or even a boutique hotel. The innovative design possibilities allow for maximizing both commercial and residential utility within a vertical structure. This ambitious project requires further market research, feasibility studies, and a thorough understanding of zoning and land use regulations to ensure successful development. The property's size and location offer significant potential for value creation and growth, making it an attractive investment for discerning developers. The latitude and longitude coordinates are 30.2729209, -97.7443863 respectively. This is a truly exceptional opportunity to capitalize on Austin's thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7444
    Latitude
    30.2729

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      815 11Th St

      Land • 0.15 Acres
      815 11Th St, Austin, TX 78701
      View Details
    • Value Estimation by Request
      9,000 SF

      310 9Th St

      Retail properties & Spaces • 9,000 SF
      310 9Th St, Austin, TX 78701
      View Details
    • Value Estimation by Request
      0.30 Acres

      409 7th St

      COMMERCIAL (GENERAL) • 0.30 Acres
      409 7th St, Austin, TX 78701-3316
      View Details
    • Value Estimation by Request
      0.27 Acres

      313 7th St

      COMMERCIAL (GENERAL) • 0.27 Acres
      313 7th St, Austin, TX 78701-3303
      View Details
    • Value Estimation by Request
      0.14 Acres

      220 8th St

      COMMERCIAL (GENERAL) • 0.14 Acres
      220 8th St, Austin, TX 78701-3210
      View Details
    • Value Estimation by Request
      0.25 Acres

      504 8th St

      COMMERCIAL (GENERAL) • 0.25 Acres
      504 8th St, Austin, TX 78701
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      East Austin Development Opportunity

      28,270 SF development opportunity in booming East Austin.
      3311 E 12Th St, Austin, TX 78701
      View Details
    • Contact for pricing

      East Austin Development Opportunity

      0.41-acre property in a rapidly growing area.
      1410 E 12Th St, Austin, TX 78701
      View Details
    • $500,000

      Corner Lot in Historic Springfield

      0.35 AC corner lot zoned CCG in Jacksonville's Springfield.
      400 E 8Th St, Austin, TX 78701
      View Details
    • Contact for pricing

      Prime Downtown Austin Development Site

      7,369 SF parcel in Austin's CBD for development.
      422 Congress Ave, Austin, TX 78701
      View Details
    • Contact for pricing

      East Austin Development Opportunity

      One-acre commercial or multifamily development site in vibrant East Austin.
      3117 E 12Th St, Austin, TX 78701
      View Details
    • Contact for pricing

      Commercial Land in East Austin

      Land suitable for multifamily, office, retail, bar, and restaurant.
      1310 E 12Th St, Austin, TX 78701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Lot Near Interstate 35

      Land parcel near I-35, eligible for Downtown Density Bonus.
      45 East Ave, Austin, TX 78701
      View Details
    • Contact for pricing

      Downtown Austin Retail Space

      Prime retail location in the heart of Austin's CBD.
      501 Congress Ave, Austin, TX 78701
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for rent in Austin, Texas.
      114 West 7Th St, Austin, TX 78701
      View Details
    • Contact for pricing

      Downtown Austin Retail Space Available

      Retail space in a 30-story luxury residential tower.
      313 W 17Th St, Austin, TX 78701
      View Details
    • Contact for pricing
      2,167 SF

      Downtown Austin Office Space Available

      Class B office building in downtown Austin with structured parking.
      1601 Rio Grande St, Austin, TX 78701
      View Details
    • Contact for pricing
      42,800 SF

      Modern Office Space in Austin

      Modern office space with amenities and walkable dining options.
      1836 San Jacinto Blvd, Austin, TX 78701
      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.
    517 Service Rd
    Austin, TX 78701
    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

    Thank You for Inquiry
    517 Service Rd, Austin, TX, 78701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!