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    Property profile & analytics

    102 Parsons St Manor, TX 78653

    • Grocery and convenience stores
    • 3,240 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8441977
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Balloon Store / Candy Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 102 Parsons St

    Year built
    1900
    Lot size
    0.24 lot acres
    Property size
    3,240 SF
    Property type
    Grocery and convenience stores
    APN
    235623601
    APU
    235623601

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $287,000
      Market price range: $288k - $531k

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

    Location Insight

    • Map
    • Local Demand
    City
    Manor
    County
    Travis
    State
    Texas
    Longitude
    -97.5575
    Latitude
    30.3408
    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
    $10,778
    $124,200
    $386,904
    $511,104
    -
    $124,200
    $386,904
    $511,104

    Comparable in this City

    • Value Estimation
      $200,000
      4,450 SF

      12130 Fm 973rd Rd

      CONVENIENCE STORE • 4,450 SF
      12130 Fm 973rd Rd, Manor, TX 78653-5400
      View Details
    • Value Estimation
      $310,000
      3,999 SF

      Us Hy 290

      CONVENIENCE STORE • 3,999 SF
      Us Hy 290, Manor, TX 78653
      View Details
    • Value Estimation by Request
      1,489 SF

      10802 Us-290

      Individual retail properties • 1,489 SF
      10802 Us-290, Manor, TX 78653
      View Details
    • Value Estimation
      $395,000
      4,560 SF

      12401 Tilligang Pass

      CONVENIENCE STORE • 4,560 SF
      12401 Tilligang Pass, Manor, TX 78653-3429
      View Details
    • Value Estimation
      $265,000
      5,064 SF

      3400 Howard Ln

      CONVENIENCE STORE • 5,064 SF
      3400 Howard Ln, Manor, TX 78653-4207
      View Details
    • Value Estimation
      $330,000
      2,321 SF

      11016 Us Hwy 290th E

      CONVENIENCE STORE • 2,321 SF
      11016 Us Hwy 290th E, Manor, TX 78653-9705
      View Details

    Similar Nearby for Sale

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      Manor Retail Property - 11 Acres

      Historic Texas retail space, 3,686 sq ft
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    • $950,000

      Highway Frontage Retail Opportunity

      Retail property with high traffic count on Highway 290.
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      High-traffic location, month-to-month lease.
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    • $2,960,000
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      Unrestricted land, ideal for industrial use.
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    • $1,440,000
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      Manor, TX Commercial Land

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      Manor, TX: 155 Acres Prime Land

      Exceptional 155-acre tract, prime location.
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,500 SF

      Manor Warehouse & Land Lease

      2500 SF Warehouse + 1-acre lot, ideal for various businesses.
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    • $30 SF/Yr
      12,600 SF

      Retail and Office Complex

      Multi-tenant retail and office complex in Manor, TX for lease.
      12700 Lexington St, Manor, TX 78653
      View Details
    • $21,540
      1,500 SF

      Manor Office Space: Prime Location

      1,500 sq ft Office/Coworking Space
      8607 Burleson Mnr Rd, Manor, TX 78653
      View Details
    • $42,000

      Prime Blake Manor Rd Office Space

      5 Acres, 2000 sq ft Office Space for Lease
      18327 Blake Manor Rd, Manor, TX 78653
      View Details
    • Contact for pricing
      665,400 SF

      Mixed-Use Urban Center in Manor

      Mixed-use urban center with retail, restaurants, and residential living.
      12325 Hulsey Rd, Manor, TX 78653
      View Details
    • $600 /Mo

      Gravel Lot for Lease

      Gravel lot ideal for storage or parking, near Hwy 290.
      11600 Aus Tex Acres Ln, Manor, TX 78653
      View Details
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    102 Parsons St
    Manor, TX 78653
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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.

    More about this property
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