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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8701 Us-290 Austin, TX 78736

    • Land
    • 4.48 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8701 Us-290

    Lot size
    4.48 lot acres
    Property type
    Land

    Description

    This exceptional 1.88-acre commercial parcel, zoned C, is ideally situated in Salt Lake County at 694 W 9000 S, near the intersection of 9000 S and 700 W. The property offers significant development opportunities, including the potential for a drive-thru business. Its strategic location boasts high visibility and accessibility, with a remarkable 44,991 average daily traffic count on 9000 South. The site benefits from immediate access to Interstate 15, providing convenient access for customers and employees. Furthermore, its proximity to America First Field, home to Real Salt Lake, ensures a substantial and consistent flow of potential customers. The asking price is $25.00 per square foot. This property is available for sale or ground lease, presenting a unique investment opportunity in a thriving area. The total land area encompasses 3.38 acres. This location offers unparalleled convenience, being just a 12-minute drive from Salt Lake City International Airport. Don't miss this chance to secure a prime retail location in a high-growth area.

    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
    -97.9143
    Latitude
    30.2339

    Comparable in this City

    • Value Estimation by Request
      22.01 Acres

      15000 Fitzhugh Rd

      Land • 22.01 Acres
      15000 Fitzhugh Rd, Austin, TX 78736
      View Details
    • Value Estimation by Request
      1.27 Acres

      9521 Us-290

      Land • 1.27 Acres
      9521 Us-290, Austin, TX 78736
      View Details
    • Value Estimation by Request

      9114 Us-290

      Specialty properties
      9114 Us-290, Austin, TX 78736
      View Details
    • Value Estimation by Request
      11.00 Acres

      Tbd Fitzhugh Rd

      Land • 11.00 Acres
      0 Tbd Fitzhugh Rd, Austin, TX 78736
      View Details
    • Value Estimation by Request
      11.98 Acres

      Tbd Fitzhugh Rd

      Land • 11.98 Acres
      0 Tbd Fitzhugh Rd, Austin, TX 78736
      View Details
    • Value Estimation by Request
      4.48 Acres

      8701 Us 290

      Land • 1,200 SF
      8701 Us 290, Austin, TX 78736
      View Details

    Similar Nearby for Sale

    • $4,500,000
      22.01 Acres

      Prime Austin Land - 22 Acres

      Hays County commercial/industrial land, ideal for development.
      15000 Fitzhugh Rd, Austin, TX 78736
      View Details
    • $2,850,000
      11.00 Acres

      Prime Austin Land - Fitzhugh Road

      11 Acres Commercial Land, Hays County
      0 Tbd Fitzhugh Rd, Austin, TX 78736
      View Details
    • $1,900,000
      4.79 Acres

      Austin Hospitality Land Investment

      4.79 Acres, 21 Beds, Event Ready
      13127 Fitzhugh Rd, Austin, TX 78736
      View Details
    • $4,750,000
      11.98 Acres

      Fitzhugh Road Commercial Land

      Austin, TX: 12 acres, shovel-ready
      0 Tbd Fitzhugh Rd, Austin, TX 78736
      View Details
    • $2,500,000

      Austin 2-Acre Commercial Property

      Unique 2-acre commercial lot, high traffic area.
      9114 Us Highway 290, Austin, TX 78736
      View Details
    • $4,500,000
      4.48 Acres

      US 290 Hwy Commercial Land

      4.47 acre Austin ETJ development
      8701 Us Highway 290, Austin, TX 78736
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Austin ETJ Lot with Shop

      Unrestricted land with shop space available for lease.
      10611 Circle Dr, Austin, TX 78736
      View Details
    • Contact for pricing

      Commercial Land for Lease

      2.71 acres of commercial land available for lease.
      12716 Fitzhugh Rd, Austin, TX 78736
      View Details
    • $12 SF/Yr
      38,337 SF

      Walnut Creek Biz Park: Flex Space Available

      Modern Austin Industrial Space for Lease
      8110 Us Highway 290, Austin, TX 78736
      View Details
    • $16,000 /Mo

      New Construction Class A Flex

      New Class A flex space available for rent in January 2025.
      14510 Fitzhugh Rd, Austin, TX 78736
      View Details
    • Contact for pricing
      12,500 SF

      Austin Highway 290 Office Space

      Modern Austin Office/Flex Space Available
      9217 Us Highway 290, Austin, TX 78736
      View Details
    • $2,500 /Mo
      2,300 SF

      Highway 290 W Office Space

      Centrally located office space with easy access to Highway 290.
      9217 Highway 290 W, Austin, TX 78736
      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.
    8701 Us-290
    Austin, TX 78736
    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.