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Property profile & analytics
OFF-MARKET
Parking lots & garages
10418 Fm 620th Rd Austin, TX 78726-1701
Entity Owned
1-yr Hold
Free & Clear
Property ID
US82-1990543
Property summary
AI-generated overview
This exceptional investment opportunity presents a portfolio of three single-story buildings totaling 5,000-7,000 square feet on a 0.45-acre lot in Austin, Texas. Located at the prominent corner of 10418 N FM 620 Rd and 11809 Buckner Rd (zip code 78726, Travis County), this multi-tenant property boasts a strong 3.35% cap rate and a substantial net operating income (NOI) of $100,600. Currently 100% occupied by established national tenants including AutoZone, Sherwin-Williams, and O'Reilly Auto Parts under a gross lease, this property offers immediate cash flow and long-term stability. The buildings feature 10-foot ceilings and are zoned SF-2. The property is offered at $2,999,999 with 100% ownership. This prime location benefits from low taxes and high visibility, making it an ideal investment for a discerning buyer seeking a stable, high-return asset in a thriving Austin market. Detailed financial information is available upon request.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1978
Construction
CONCRETE
Total area
4,870 SF
Lot
0.18 ac (7,754 SF)
APN
170250308
UPID
US82-1990543
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dearing Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Johnson Outdoor Advertising LP · 1 yrs held
Johnson Outdoor Advertising LP
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,170
Tax year 2022
Assessed value
$425,604
Assessed 2023
Previous assessed
$379,303
+12.2% YoY
Effective rate
1.68%
On assessed value
Assessed land
$77,537
Assessed improvement
$348,067
Land market value
$77,537
Improvement market value
$348,067
Total market value
$425,604
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,870 SF
Lot
0.18 ac (7,754 SF)
APN
170250308
UPID
US82-1990543
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Johnson Outdoor Advertising LP
Entity
Free & Clear · 1 yrs held
Mailing address
10418 N FM 620TH RD, AUSTIN, TX 78726-1701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Johnson Outdoor Advertising LP
Paula Strong
Deed
—
Dec 21, 2004
$51,415
Paula Strong
Belt Terry L
Trustees Deed
—
—
—
Automotive Dearing
—
Deed Of Trust
related
$51,160 · Paula Strong
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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