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

    1020 Grv Blvd Austin, TX 78741-3337

    • Commercial real estate
    • 5,000 SF
    • 41.70 lot acres
    OFF-MARKET
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2675633
    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

    • ATM / Atm
    • Riverside Campus Buildings 150 & 200 / State Government Office / Department Of Transportation
    • Austin Community College: Riverside Campus / Community College
    • Blue In Green / Restaurant
    • Riverside Golf Course / Golf Course

    Property Details for 1020 Grv Blvd

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    41.70 lot acres
    Property size
    5,000 SF
    Property type
    Commercial real estate
    APN
    307110114
    APU
    307110114

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $549,000
      Market price range: $54.3k - $550k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $715,000
      RESTAURANT
      $540,000
      RETAIL STORES
      $480,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7074
    Latitude
    30.2373
    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
    $10,898,189
    $936,000
    $11,834,189
    -
    $10,898,189
    $936,000
    $11,834,189

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      4905 Ben White Blvd

      COMMERCIAL (GENERAL) • 0.03 Acres
      4905 Ben White Blvd, Austin, TX 78741
      View Details
    • Value Estimation by Request
      0.24 Acres

      Riverside Dr

      COMMERCIAL (GENERAL) • 0.24 Acres
      Riverside Dr, Austin, TX 78741
      View Details
    • Value Estimation by Request
      7.70 Acres

      1901 Woodward St

      COMMERCIAL (GENERAL) • 7.70 Acres
      1901 Woodward St, Austin, TX 78741
      View Details
    • Value Estimation
      $660,000
      14,888 SF

      1930 Riverside Dr

      COMMERCIAL (GENERAL) • 14,888 SF
      1930 Riverside Dr, Austin, TX 78741
      View Details
    • Value Estimation by Request
      2,160 SF

      520 Bastrop N Hwy

      COMMERCIAL (GENERAL) • 2,160 SF
      520 Bastrop N Hwy, Austin, TX 78741-3653
      View Details
    • Value Estimation
      $770,000
      52,380 SF

      1603 Oltorf St

      COMMERCIAL (GENERAL) • 52,380 SF
      1603 Oltorf St, Austin, TX 78741-3814
      View Details

    Similar Nearby for Sale

    • $275,000
      1,007 SF

      Gated Community Home Near Downtown

      Two-bedroom home in gated community near downtown Austin.
      1201 Grove Blvd, Austin, TX 78741
      View Details
    • $199,900

      Land for Sale in Austin

      Land available for purchase in Austin, Texas.
      803 Vargas Rd, Austin, TX 78741
      View Details
    • $200,000

      Land for Sale in Austin

      Land available for purchase in Austin, Texas.
      2821 Metcalfe Rd, Austin, TX 78741
      View Details
    • $220,750
      764 SF

      Updated Condo Near Downtown Austin

      Updated condo with new flooring, balcony, and community pool.
      1304 Summit St, Austin, TX 78741
      View Details
    • $179,000

      Austin Commercial Property for Sale

      Commercial property available in Austin, Texas.
      1601 Farodr 1102, Austin, TX 78741
      View Details
    • $505,000

      Duplex Near Downtown and UT

      Duplex with short-term rental potential near downtown Austin.
      2503 Parker Ln, Austin, TX 78741
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,037 SF

      Austin Executive Office Space

      Prime Austin location, multiple suites available.
      2028 Ben White Blvd, Austin, TX 78741
      View Details
    • $1,250 /Mo

      Austin Quadruplex For Rent

      Quadruplex in Austin, Texas, built in 1968, available for rent.
      2215 Mission Hill Cir, Austin, TX 78741
      View Details
    • Contact for pricing
      29,082 SF

      Warehouse Near Austin Airport

      Warehouse with dock doors, near Austin Airport and CBD.
      1340 Airport Commerce Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      15,000 SF

      Value Office/Flex Space Available

      Office/flex space with high parking ratio near airport.
      2914 Montopolis Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      30,224 SF

      Retail Building on Ben White

      30,224-SF retail building in prime Austin location.
      2428 W Ben White Blvd, Austin, TX 78741
      View Details
    • $1,050 /Mo
      578 SF

      South Central Austin 1-Bedroom Unit

      One-bedroom unit with patio and yard in South Central Austin.
      2813 Parker Ln, Austin, TX 78741
      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.
    1020 Grv Blvd
    Austin, TX 78741-3337
    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.